31 December 2010

Sales Traders Commentary - Edelweiss, 31 Dec 2010

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Sales Traders Commentary
§  The benchmark Nifty closed the settlement day for December above 6100-mark for first time since November 15, led by support from power, capital goods, technology, metal and select healthcare companies' shares. Indices spiked in the last half an hour of trade.
§  Sensex closed up marginally at 0.66% to 20,389.07; Nifty climbed up 0.68% to 6,101.85
§  Gainers were NTPC (2%), Hero Honda Motors (1.88%), Tata Motors (1.87%), Tata Power Company (1.84%), Sterlite Industries (India) (1.78%), and Hindustan Unilever (1.49%).
§  Losers were H D F C Bank (1.18%), Oil & Natural Gas Corporation (0.64%), Bajaj Auto (0.26%), Reliance Communications (0.22%), and State Bank Of India (0.12%)
§  The Consumer Durables space was up 3.14%. Major gainers were Rajesh Exports (10%), Whirlpool Of India (2.14%), Bajaj Electricals (1.62%), Titan Industries (0.53%), and Blue Star (0.01%).
§  The FMCG index was up 2.77%. Major gainers were Godrej Consumer Products (1.75%), Hindustan Unilever (1.49%), Dabur India (1.16%), Colgate-Palmolive (India) (0.9%), and I T C (0.2%).
§  The Metal index was up 2.63%. Major gainers were JSW Steel (1.85%), Jindal Steel & Power (1.43%), Hindalco Industries (0.99%), Bhushan Steel (0.89%), and Hindustan Zinc (0.87%).
§  The Oil & Gas index was down 0.52%. Major losers were Indian Oil Corporation (2.78%), Hindustan Petroleum Corporation (1.83%), Bharat Petroleum Corporation (1.41%), Oil & Natural Gas Corporation (0.64%), and Oil India (0.01)
§  Globally, Asian markets ended mixed, while Europe was trading flat.

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