AUG 27 WEDNESDAY

BANKS, TECH STOCKS LEAD SENSEX HIGHER

Gains in banks and most technology counters helped

shares offset losses in index heavyweight ,Reliance

Industries, helping them end slightly higher on Tuesday.

The Bombay Stock Exchange's 30 stock sensitive

index or sensex rose 31.87 points or 0.2 % to end

at 14482.22.

Participants expect the market to continue tracking

global markets on Wednesday , even though some

volatility is expected ahead of the expiry of the August

derivatives contract on Thursday.

Banks rose for the third consecutive session on

hopes that falling crude oil prices would help bring

down inflation in the country thereby allowing

the Central ank to resist from further intrest

rate hikes.

Sweet light Crude for Octoberdelivery was trading

at $ 113.70 a barrel on the New York Mercantile Exchange.

GAINERS OF THE DAY

ICICI Bank rose 1.7 % to Rs 666.90

HDFC Bank gained 3.9 % to Rs 1255.45

State Bank Of India was up 1 % to Rs 1371.45.

Satyam rose 3.3 % to Rs 406.10.

Wipro gained 2.1 % to Rs 428.65.

LOSER OF THE DAY

Reliance Industries closed down 2.2 % to Rs 2179.65.