MUMBAI: The stock market consolidated its position on Tuesday after touching a new peak of 14564.78 and ended 37.71 points down due to selling pressure from the domestic mutual funds amid sustained foreign institutional investment inflows.

The market outlook remained optimistic and the Sensex, showed stability above the 14400 level during the day. The Sensex opened firm at 14541.24 and later fluctuated erratically in a range of 96 points before ending at 14478.19, a net loss of 38 points or 0.26 per cent from 14515.90 on Monday.

The S&P CNX Nifty also hit an all-time trading high of 4228.15, before closing at 4195.90 from 4215.35. Foreign Institutional Investors were sustained buyers in blue-chip stocks. They reported inflows of Rs. 464 crore (provisional) in cash on January 5, after pumping in Rs. 665 crore on Friday. PTI