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.