Tuesday, August 12, 2008

Post-Market Commentary. Tuesday, August 12, 2008

ICICI Bank, Infosys lead 292-points Sensex fall
Key benchmark indices ended sharply lower led by heavy selling in metal, banking and IT shares. The market witnessed a bout of volatility in the last one hour of trade. European markets, which were trading sharply lower in early trade, pared losses after the Kremlin said Russian President Dmitry Medvedev had ordered an end to the military operation in Georgia.
India's industrial output rose 5.4% in June 2008 from a year earlier, above the previous month's upwardly revised 4.1%, data released by the government today, 12 August 2008, afternoon showed. Manufacturing production rose 5.9% in June 2008 from a year earlier

Sensex fell 291.79 points or 1.88% to 15,212.13.

Nifty fell 68.15 points or 1.47% to 4552.25.

As per provisional data released by the stock exchanges after trading hours, foreign funds today, 12 August 2008, sold shares worth a net Rs 687.19 crore. Domestic funds sold shares worth a net Rs 7.65 crore.

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