MARKET SUMMARY

MARKET SUMMARY FOR 21 AUGUST

Bears were in command on the bourses as caution

prevailed ahead ofthe weekly inflation data to be

released by the government afterthe trading hours today,

21 August 2008. Rate sensitive realty andbanking stocks

were clobbered. Weak Asian markets also weighed on the

sentiment. Chinese market declined after yesterday's

steeprise. State Bank of India fell more than 7%. HDFC

Bank, NTPC and DLF fellmore than 5.5% each. Reliance

Infrastructure and ICICI Bank fellmore than 5% each.

A key event today is the Nuclear Suppliers Group (NSG)

meet inVienna. The United States is set to push the

45-nation NuclearSuppliers Group (NSG) to agree on a

landmark nuclear deal withIndia despite objections at

home and reservations abroad. The BSE 30-share

Sensex lost 434.50 points or 2.96% to 14,243.73.At

the day's low of 14,201.18, the Sensex lost 477.05 points

inlate trade. At day's high of 14,646.98, the index lost

31.25 pointsin early trade. The S&P CNX Nifty was

down 131.90 points or 2.99% to 4,283.85.