AUG 13 WEDNESDAY

BANKS , BLUE CHIPS LEAD MARKET FALL.

Shares broke a 5 day winning streak to close lower

on Tuesday due to selling in banking shares and

blue chips.A muted rise in June industrial output

also weighed on sentiment.

The Bombay Stock Exchange's 30 stock Sensitive Index

or sensex fell 291.79 points or 1.9 % to end at 15212.13.

Participants expect the market to track global equities and

crude oil price movement for the rest of the week.

Stock market will be closed on Friday for Independence

Day.

Onthe National Stock Exchange the 50 S&P CNX Nifty

declined 68.15 points or 1.5 % to close at 4552.25.

Bank shares led the fall as investors took profit

after a recent rally.Investors also sold on fears that

a continued rise in inflation could prompt the

Reserve Bank of India to further tighten its monetary

policy in coming months.

LOSERS OF THE DAY

ICICI Bank declined 4.2 % to Rs 738.40.

State Bank Of India fell 2.2 % to Rs 1557.55.

Tata Steel fell 5.7 % to Rs 607.95.

Infosys Technologies fell 4 % to Rs 1603.70.

Maruti Suzuki India fell 5.2 % to Rs 678.05.