23 December 2010

First Call - December, 23 2010-Sales Traders

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Sales Traders Commentary
§  On Wednesday, benchmark indices reversed initial gains to hit fresh intraday lows in the mid-afternoon trade, tracking weak opening for European stocks. Sectorially, capital goods and consumer durables stocks fell, while metal and FMCG stocks rose.
§  Sensex was down 48.87 points, closing at 20,011.45; Nifty went down by 18 points, closing at 5,982.65.
§  Gainers were were Bharti Airtel (3.12%), Hindalco Industries (1.80%), Jindal Steel & Power (1.56%), Tata Motors (0.92%), Sterlite Industries (India) (0.91%), and Reliance Communications (0.79%).
§  Losers were Maruti Suzuki India (2.45%), Reliance Energy (2.10%), Hero Honda Motors (1.98%), HDFC Bank (1.39%), Wipro (1.33%), and Reliance Industries (1.21%).
§  The Consumer Durables space was down 0.77%. Major losers were Gitanjali Gems (3.75%), Videocon Industries (2.12%), Rajesh Exports (1.02%), Titan Industries (1.01%), and V I P Industries (0.15%).
§  Capital Goods was down 0.68%. Major losers were Gammon India (2.65%), Crompton Greaves (1.67%), Alstom Projects India (1.38%), BGR Energy Systems (0.26%), and BEML (0.21%).
§  The Oil & Gas index was down 0.66%. Major losers were Petronet LNG (1.59%), Reliance Industries (1.21%), Cairn India (0.79%), and Oil India (0.57%)
§  Globally, Asian markets ended in the green, while Europe was trading weak.

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