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19 October 2010

Sales Traders Commentary by Edelweiss on 19th October

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Sales Traders Commentary
§  On Monday, key benchmark indices staged a smart recovery and recouped nearly 60 points loss from their intraday low of 5980. Buying was seen in IT and telecom stocks. Selling was seen in consumer durables, FMCG, metal and banking stocks.
§  The Sensex ended at 20209, higher by 84 points, and the Nifty ended at 6028, up 25 points.
§  Gainers were Tata Consultancy Services (2.73%), NTPC (1.13%), Infosys Technologies (0.66%), Hero Honda Motors (0.23%), and Tata Motors (0.19%).
§  Losers were ACC (3.06%), Mahindra & Mahindra (2.76%), Bharti Airtel (2.47%), Jaiprakash Associates (2.45%), I C I C I Bank (2.16%), and Cipla (2.14%).
§  The Consumer Durables index was down 1.38%. Major losers were Rajesh Exports (2.54%), Titan Industries (1.96%), Videocon Industries (1.74%), Blue Star (1.21%) and Gitanjali Gems (1.14%).
§  The FMCG index was down 1.25%. Major losers were Godrej Consumer Products (2.85%), I T C (1.95%), Mcleod Russel India (1.55%), Dabur India (1.32%) and Hindustan Unilever (0.29%).
§  The Metal index was down 1.17%. Major losers were Hindalco Industries (1.93%), JSW Steel (1.46%), NMDC (1.45%), National Aluminium Company (1.12%) and Jindal Steel & Power (0.83%).
§  The IT index was up 0.90%. Major gainers were Tata Consultancy Services (2.73%), H C L Technologies (2.13%), Mphasis (0.74%), Infosys Technologies (0.66%) and Oracle Financial Services Software (0.52%).
§  Globally, Asian markets ended mixed while Europe was trading in the green.

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