ICICI Bank fell 5.2% to 971.60 rupee. India''s largest bank declined on reports that the bank lost $264 million on account of the US subprime crisis.

However, according to media reports, the bank may have to provide for another $50 million of investment losses in the current quarter in addition to $70 million write-off taken in the third quarter of fiscal 2008.

Hindalco Industries gained 5.3% at 199.90 rupees and Maruti Suzuki gained 3.6% at 905.70 rupees.

Mahindra & Mahindra rose 3.1% at 705.35 rupees and Housing Development Finance Corporation increased 2.5% at 2636.65 rupees.

Tata Motors gained 1.3% at 701.80 rupees.

ACC lost 5.1% at 746 rupees and DLF fell 5.1% at 678.15 rupees.

Cipla shed 4.6% at 201.90 rupees, ITC declined 4.2% at 184.85 rupees and Larsen & Toubro lost 3.6% at 3223.15 rupees.

Suzlon Energy declined 4.4% to 241 rupees after UBS Securities Asia cut its share price estimate on the Suzlon stock by 31% to 305 rupees and downgraded the rating to ''neutral'' from ''buy'', citing higher raw material costs, rising warranty provisions and overall lower volumes.

Parle Software jumped 4.5% to 536.10 rupees after the company said its board will meet next week to consider allotment of bonus shares in the ratio of three shares every one existing share.

Reliance Update

Reliance Industries lost 2.7% to 2241.50, rupees, Reliance Energy was up 1.3% at 1504.75 rupees and Reliance Communication lost 6% at 514.55 rupees