23 November 2010

Sales Traders Commentary: Edelweiss: Nov 23, 2010

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Sales Traders Commentary
§  Indian equities bounced back on Monday snapping earlier losses. The markets started the new week with a bang tracking global markets and continued to trade strong with major buying interest coming in the second part of the day which took Nifty above the 6,000 mark  in noon trades to finally close near to the day`s high. Short covering ahead of the futures and option November expiry also lifted the sentiment.
§  BSE Sensex gained 372.15 points or 1.90% at 19,957.59, NSE Nifty went up by 119.70 points or 2.03% at 6,010
§   Major Gainer Wipro (4.16%), Jaiprakash Associates (4.02%), D L F (3.43%), Tata Motors (3.18%), H D F C Bank (2.99%), and Tata Steel (2.95%).
§  Major Losers NTPC (0.62%), Larsen & Toubro (0.22%), and Sterlite Industries (India) (0.11%) were the major losers in the Sensex.
§  Bankex index was at 14,066.42, up by 361.33 points or by 2.64%. The major gainers were Bank Of India(3.79%), Federal Bank (3.35%), H D F C Bank (2.99%), Bank Of Baroda (2.84%) and Canara Bank (2.38%).
§  The Consumer Durables index was at 6,623.42, up by 167.50 points or by 2.59%. The major gainers were Rajesh Exports (4.2%), Gitanjali Gems (1.56%), Whirlpool Of India (1.26%), Bajaj Electricals (0.91%) and Blue Star (0.31%).
§  The IT index was at 6,036.95, up by 147.08 points or by 2.50%. The major gainers were H C L Technologies (3.64%), Infosys Technologies (2.55%), Mphasis (0.96%), Oracle Financial Services Software (0.16%) and Tech Mahindra (0.01%).
§  The TECk index was at 3,697.86, up by 80.31 points or by 2.22%. The major gainers were Bharti Airtel (2.45%), Dish TV India (1.92%), Mphasis (0.96%), D B Corp (0.86%) and Oracle Financial Services Software (0.16%).
§  Market breadth was positive with 1,934 advances against 1,110 declines

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