Wednesday, August 13, 2008

UPDATES ON AUG 14 2008

AUG 14 THURSDAY

MARKETS END WEAK FOR SECOND DAY IN A ROW.

Losses in banks and select blue chips triggered by weak

global markets , led Indian shares lower for the second

consecutive session on Wednesday.

Sentiment was also weakened by a Federal Government panel

saying it expects economic growth to slow down to

7.7 % in the current financial year that began April 1

due to a global slowdown and a sharp rise in

inflation.

The Bombay Stock Exchange's 30 stock sensitive index ,

or sensex fell 119.01 points or 0.8 % to end at 15093.12.

Stock markets will closed on Friday due to a national

holiday.

On the National Stock Exchange , the 50 stock S&P CNX

Nifty declined 23.20 points or 0.5 % to close at 4529.05.

Losers beat gainers 1420 to 1238 while 90 stocks were unchanged.

The BSE'S 18 Stock Bankex declined 2.2 % to close at 7271.40

after closing 4.2 % lower on Tuesday as traders continued to

book profits.

GAINER OF THE DAY

Sterlite was the biggest gainer rising 2.7 % to Rs 613 on

bargain hunting,

Infosys ended 1.3 % higher at Rs 1625.20

LOSERS OF THE DAY

ICICI Bank fell 3.8 % to Rs 710.55.

HDFC Bank lost 3.7 % to Rs 1217.20.

Larsen And Toubro fell 1.9 % to Rs 2795.85

ONGC declined 0.3 % to RS 1084.85

Bharti Airtel closed 0.2 % lower at Rs 821.60.