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.