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.