AUG 22 FRIDAY

SENSEX ENDS DOWN ON INFLATION WOES.

A sharp fall in banks on fears inflation wil be higher

than expected dragged shares lower on Thursday

but participants expect the market to recover its

losses next week as investors will likely to hunt

for bargains in blue chips.

The Bombay Stock Exchange's 30 Stock

sensitive index or sensex fell 434.50 points or

3 % to end at 14243.73, its lowest close since

July 29.

The wholesale price index based inflation rate is

likely to increase to 12.63 % .

On the National Stock Exchange the 50 stock S&P

CNX Nifty declined 131.90 or 3 % to close at 4283.85.

LOSERS OF THE DAY

State Bank Of India plunged 7.1 % to Rs 1342.25.

ICICI Bank last 5.2 % to Rs 643.10.

HDFC Bank closed 5.8 % lower at 1165.80.

DLF fell 5.6 % to Rs 481.60.

Unitech was down 5.4 % to Rs 160.10.

Larsen and Toubro fell 3.2 % to Rs 2628.15.

Reliance Infrastructure fell 1.4 % to Rs 2212.35.