AUG 15 FRIDAY
SENSEX ENDS DOWN ON INFLATION WOES.
Profit booking in Reliance Industries and selling in intrest
rate sensitive sectoes such as banks and real estate on
concerns that inflation may hit a fresh 13 year high.
led shares lower for the thirs consecutive seesion
on Thursday.
The Bombay Stock Exchange 30 stock sensitive index
or sensex fell 368.94 points or 2,4 % lower to end at 14724.18.
Participants expect the sensex to fall more on Monday if Crude
prices continue to rise .
Stock markets will be closed on Friday due to National
Holiday.
On the National Stock Exchange , the 50 stock S&P
CNX Nifty declined 98.35 points or 2.2 % lower to
close at 4430.70.
LOSERS OF THE DAY
ICICI Bank fell 5.2 % to Rs 673.25.
State Bank of India declined 6.2 % to Rs 1458.20
DLF closed 8.7 % lower at Rs 501.10
Reliance Infrastructure fell 7.7 % to Rs 985.45
Larsen declined 4.8 % TO rS 2660.55
Reliance Industries fell 2.8 % to Rs 2275.30
However select Technology firms gained on expectation
that they wont be affected by rising crude oil prices or
inflation.