Sales Traders Commentary
§ On Wednesday, the market opened firm in line with positive Asian peers. Key benchmark indices slipped into red after a sharp rebound from the bottom that pushed the market to the day’s high in mid afternoon. At close, the BSE Sensex declined 110.98 points or 0.56% to 19872.15. Meanwhile, the broad based NSE Nifty dipped 45.20 points or 0.75% to 5982.10.
§ Major gainers were Tata Power Company (1.16%), NTPC (0.91%), Larsen & Toubro (0.54%), Reliance Industries (0.46%), Oil & Natural Gas Corporation (0.39%), and Cipla (0.38%).
§ Major losers were Sterlite Industries (India) (3.54%), Housing Development Finance Corporation (2.78%), Tata Steel (2.76%), Hindalco Industries (1.72%), Bharti Airtel (1.68%), and D L F (1.42%).
§ The Metal index was at 16892.14, down 383.89 points or 2.22%. Major losers were JSW Steel (2.33%), Hindalco Industries (1.72%), Jindal Steel & Power (0.97%), National Aluminium Company (0.92%), and Hindustan Zinc (0.8%).
§ The Realty index was at 3787.98, down 52.79 points or 1.37%. Major losers were Anant Raj Industries (1.59%), D L F (1.42%), Housing Development and Infrastructure (0.52%), Sunteck Realty (0.22%) and Ackruti City (0.08%).
§ The Consumer Durables index was at 6205.17, down 69.45 points or by 1.11%. Major losers were Rajesh Exports (4.16%), Bajaj Electricals (2.64%), Gitanjali Gems (1.4%), Whirlpool of India (1.11%), and Blue Star (0.34%).
§ On the other hand, the Capital Goods index was at 15868.36, up 32.16 points or 0.20%. Major gainers were Havell`s India (1.85%), Crompton Greaves (1.24%), Praj Industries (1.21%), Larsen & Toubro (0.54%), and Siemens (0.39%).
§ Market breadth was negative with 1,106 advances against 1,894 declines.
§ Globally, Asian markets ended on a mixed note, while Europe was trading firm.
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