Equity Alert :Mkt down 4%; bank,realty shares fall before inflation

[K.Karthik Raja]

Equity Alert: Mkt down 4%; bank, realty shrs fall before inflation
MUMBAI--10:08AM--Share indices dropped nearly 4% tracking the
sharp fall in US and Asian markets after crude oil prices climbed
above $140 a barrel,
Sensex was at 13886.96, down 534.86 points, or 3.7% from close
Thursday.

Nifty was at 4161.05, down 154.80 points, or 3.6%.
All BSE sector indices were in the red, with interest rate
sensitive sectors --real estate, auto, and bank shares--among worst
hit ahead of inflation data, due around noon.
Unitech and HDFC Bank were down around 5% each, while Tata Motors
slid 6%. Wipro, down nearly 7%, was the worst hit on Nifty.
Index heavyweight Reliance Industries was down 4%.
CNX Mid-cap and S&P CNX 500 indices also fell around 3% each.
Cairn India, up 2% on higher crude prices, was the sole gainer on
Nifty.