24 November 2010

Sales Traders Commentary: Edelweiss, Nov 24, 2010

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Sales Traders Commentary
§  Volatility ruled the most of the day as the key benchmark indices recovered sharply from the low of the day in afternoon trade triggered by reports of hostility between the Korea pushed the market to two month low.BSE Sensex lost 265.75 points or 1.33% at 19,691.84,while NSE Nifty went down by 75.25 points or 1.25% at 5,934.75.
§  Major Gainers were Maruti Suzuki India (3.47 points), Hindustan Unilever (1.39 points), Hero Honda Motors (0.1 points) and Larsen & Toubro (0.28 points).
§  Major Losers were Tata Power Company (3.04%), State Bank Of India (2.83%), Bharti Airtel (2.30%), Reliance Communications (2.18%), Sterlite Industries (India) (2.11%), and Hindalco Industries (2.09%).
§  The Realty index was at 3,131.70, down by 105.54 points or by 3.26%. The major losers were D B Realty (8.19%), Indiabulls Real Estate (5.18%), Anant Raj Industries (2.33%), Ackruti City (2.07%) and D L F (1.12%).
§  The PSU index was at 9,580.20, down by 180.39 points or by 1.85%. The major losers were Bank Of Maharashtra(3.17%), Bank Of India (2.36%), Andhra Bank (2.01%), Allahabad Bank (0.37%) and Balmer Lawrie & Company (0.24%).
§  The Metal index was at 16,367.55, down by 297.59 points or by 1.79%. The major losers were Hindalco Industries (2.09%), JSW Steel (1.86%), National Aluminium Company (1.77%), Jindal Steel & Power (1.39%) and Hindustan Zinc (0.09%
§  Market breadth was negative with 819 advances against 2,221 declines.

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