all 30-Sensex stocks in red

Fresh selling in index pivotals led by Reliance Industries (RIL)
pulled key benchmark indices to day's low in early afternoon trade.
The BSE 30-share Sensex was down 437.49 points. Trading was choppy.
Weak global equities weighed on the domestic bourses.

Realty shares cracked. Jaiprakash Associates slumped close to 6%.
All the 30 Sensex stocks were in the red. The market breadth was
weak.

Fears about economic growth and a 3% slump in US stocks on
Thursday, 4 September 2008, sent Asian shares sprawling today, 5
September 2008. Key benchmark indices in Hong Kong, China, Japan,
South Korea, Singapore and Taiwan were down by between 1.55% to
3.14%.




Wall Street suffered its steepest decline in more than two months
on Thursday, 4 September 2008, after weekly government data showed
an unexpected jump in the number of filings for jobless benefits,
souring the mood before Friday's (5 September 2008)'s jobs report
for August 2008, which is expected to show the eighth consecutive
decline, with 75,000 jobs lost.

At 12:25 IST, the BSE 30-share Sensex was down 437.49 points or
2.94% to 14,461.61. It opened 330.09 points lower at 14,569.01. At
the day's low of 14,438.59 hit in early afternoon trade, the Sensex
lost 460.51 points. At the day's high of 14,593.93 hit in
mid-morning trade, the Sensex fell 305.17 points.

The S&P CNX Nifty declined 111.30 points or 2.49% to 4,336.80

The BSE Mid-Cap index declined 1.29% to 5,754 and the BSE Small-Cap
index fell 0.81% to 6,917.64. Both these indices outperformed the
Sensex.

The market breadth was weak on BSE with 1505 shares declining as
compared to 766 that advanced. 83 remained unchanged.

The total turnover on BSE amounted to Rs 2022 crore by 12:30 IST as
compared to Rs 1319 crore by 11:30 IST.

Jaiprakash Associates, the country's top dam builder lost 5.74% to
Rs 166.60 on 13.76 lakh shares. It was the top loser from Sensex
pack.

Real estate stocks declined. DLF (down 3.30% to Rs 505.50), Unitech
(down 3% to Rs 160.20), Indiabulls Real Estate (down 4.75% to Rs
275.60), Parsvnath Developers (down 0.36% to Rs 123), and Akruti
City (down 5.52% to Rs 909), slipped from the realty pack.




India's top power equipment maker in terms of sales, Bharat Heavy
Electricals declined 2.17% to Rs 1727.80 on reports the company
would sign a pact on Saturday, 6 September 2008, with Heavy
Engineering Corporation, Ranchi to set up a joint venture foundry
forge company.

India's top truck maker by sales, Tata Motors lost 2.40% to Rs
418.50. A crucial meeting will be held in Kolkata today, 5
September 2008, between representatives of the West Bengal
government and Trinamool Congress chief Mamata Banerjee to end the
standoff over land acquisition for the company's small car project
at Singur.

Tata Motors Chairman Ratan Tata said on Thursday, the company will
do everything it can to roll out its super-cheap Nano car as close
to the planned October 2008 launch timeline as possible.

India's largest private sector firm by market capitalization and
oil refiner Reliance Industries (RIL) slumped 3.70% to Rs 2073 on
6.54 lakh shares. The stock moved in a range of Rs 2068 and Rs
2120.

India's top drug maker by sales, Ranbaxy Laboratories shed 2.95% to
Rs 479. The Japanese drug maker Daiichi Sankyo's open offer to
acquire an additional 20% stake at Rs 737 a share in the company
ended yesterday, 4 September 2008.

Wipro (down 4.64% to Rs 427.40), Maruti Suzuki India (down 4.10% to
Rs 655.85), Infosys Technologies (down 3.62% to Rs 1724.80), and
ICICI Bank (down 3.97% to Rs 689.75), edged lower from the Sensex
pack.

Austral Coke & Projects was the top traded counter on BSE with
turnover of Rs 145.36 crore followed by Reliance Industries (Rs
138.36 crore) and Reliance Industries (Rs 131.95 crore), in that
order.

Annual inflation rose 12.34% in the year through 23 August 2008,
lower than previous week's 12.40% rise, data released by the
government after trading hours on Thursday, 4 September 2008
showed. Food prices for staples like lentils and vegetables eased
while fuel prices remained flat, the data showed. Inflation,
however, remains far above central bank's target level of 7%
towards the year ending March 2009.