Pages

25 November 2010

Sales Traders Commentary: Edelweiss: Nov 25th 2010

Bookmark and Share
Visit http://indiaer.blogspot.com/ for complete details �� ��


Sales Traders Commentary
§  Indian markets continued to drop for the second day on Wednesday. The Sensex witnessed a late sell off after media reports that the Central Bureau of Investigation (CBI) had questioned the top officials of LIC Housing and Central Bank Of India in connection with an alleged multi-crore fake home loans scandal. L I C Housing Finance topped the value chart on the BSE with a turnover of Rs. 3,087.46 million. BSE Sensex declined 231.99 points or 1.18% at 19,459.85, NSE Nifty fell by 69 points or 1.16% at 5,865.75.
§  Major Gainers: Mahindra & Mahindra (3.23%), Bharti Airtel (0.76%), Tata Steel (0.54%), I T C (0.41%), and Tata Motors (0.32%).
§  Major losers: State Bank Of India (3.34%), D L F (3.00%), Bharat Heavy Electricals (2.74%), I C I C I Bank (2.73%), H D F C Bank (2.67%), and Housing Development Finance Corporation (2.52%.
§  The Bankex index was at 13,477.92, down by 408.56 points or by 2.94%. The major losers were Canara Bank(7.23%), Bank Of India (5.88%), Bank Of Baroda (3.95%), H D F C Bank (2.67%) and Federal Bank (2.58%).
§  The Realty index was at 3,041.62, down by 90.08 points or by 2.88%. The major losers were D B Realty (16.23%), Indiabulls Real Estate (4.29%), D L F (3%), Ackruti City (2.1%) and Anant Raj Industries (1.86%).
§  The PSU index was at 9,403.92, down by 176.28 points or by 1.84%. The major losers were Bank Of India(5.88%), Bank Of Baroda (3.95%), Andhra Bank (0.76%), Allahabad Bank (0.76%) and Balmer Lawrie & Company (0.15%).
§  On the other hand, the FMCG index was at 3,621.61, up by 8.54 points or by 0.24%. The major gainers were Nestle India (2.64%), Dabur India (1.07%) and I T C (0.41%).
§  Market breadth was negative with 1,299 advances against 1,718 declines.

No comments:

Post a Comment