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Wednesday, August 27, 2008

UPDATES ON AUG 28 2008

AUG 28 THURSDAY

EQUITIES TUMBLE AS OIL MOVES UP.

Shares fell 1.3 % on Wednesday to lowest close

in almost a week , as investor confidence was

rattled after oil rose for a third day.

Financial stocks fell as oil climbed above $ 117

a barrel , triggering worries , the Central Bank

may again tighten monetary policy to douse inflation

expectations.

All but 5 components in the Sensex fell. The bench

mark is down almost 30 % this year.

LOSERS OF THE DAY

ICICI Bank fell 2.7 % to Rs 648.85

State Bank Of India fell 3 % to Rs 1330.90.

Reliance Industries fell 1.5 % to Rs 2147.85.

GAINERS OF THE DAY

Jindal Photo Ltd rose 8.7 % to Rs 146.

Kilburn Engineering rose 6.5 % to Rs 37.10.

Thomas Cook rose 15.2 % to Rs 98.85.

Nu Tek Ltd was up 3.8 % to Rs 199.30
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