21 December 2010

Edelweiss Research l - December, 21 2010- Sales Traders Commentary

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Sales Traders Commentary
§  The key benchmark indices extended gains to hit fresh intraday highs in the mid-afternoon trade as firm opening for European stocks boosted sentiments. The market breadth was strong. Auto, technology, cement and select metal companies' shares, along with Cipla, HDFC, HUL and BHEL, supported markets to end in the green. Even Reliance Industries was quite supportive, but its gains were wiped off in the late trade.
§  Gainers were Hero Honda Motors (13.93%), Mahindra & Mahindra (2.57%), Tata Consultancy Services (2.24%), Cipla (2.17%), Infosys Technologies (1.82%), and Tata Steel (1.39%).
§  Losers were Bharti Airtel (1.80%), Oil & Natural Gas Corporation (1.79%), NTPC (1.52%), Reliance Energy (1.46%), State Bank of India (1.44%), and Tata Power Company (1.10%).
§  The Auto index was up 2.38%. Major gainers were Hero Honda Motors (13.93%), Amtek Auto (3.77%), Mahindra & Mahindra (2.57%), Maruti Suzuki India (1.34%), and Bajaj Auto (1.05%).
§  The IT index was up 1.75%. Major gainers were Infosys Technologies (1.82%), Mphasis (1.19%), Oracle Financial Services Software (1.05%), and HCL Technologies (0.02%).
§  The Healthcare index was down 0.57%. Major losers were Glenmark Pharmaceutical (3.46%), Dr Reddy`S Laboratories (3.14%), Apollo Hospitals Enterprise (1.91%), Aurobindo Pharma (0.44%), and Fortis Healthcare (0.23%).
§  Globally, Asian markets ended flat, while Europe was trading in the green.

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