30 December 2010

Sales Traders Commentary- Edelweiss, Dec 30, 2010

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 Sales Traders Commentary
§  Indian markets bounced back on Wednesday snapping earlier losses, helped by strong global cues. At the close, the benchmark 30-share index, BSE Sensex added 243.16 or 1.21% at 20,268.58,  while NSE Nifty went up by 66.55 or 1.11% at 6,062.55.
§  Major gainers were Bharti Airtel (3.62%), Sterlite Industries (India) (3.60%), H D F C Bank (3.32%), Hindustan Unilever (3.24%), Housing Development Finance Corporation (2.64%), and Hindalco Industries (1.75%).
§  Major losers were Cipla (0.80%), Reliance Communications (0.75%), and Wipro (0.39%).
§  The FMCG index was at 3,651.12, up by 76.70 points or by 2.15%. The major gainers were Hindustan Unilever (3.24%), I T C (1.46%), Colgate-Palmolive (India) (0.82%), Godrej Consumer Products (0.59%) and Marico (0.17%).
§  The Consumer Durables index was at 6,233.17, up by 113.75 points or by 1.86%. The major gainers were Gitanjali Gems (7.01%), Rajesh Exports (2.89%), Whirlpool Of India (1.03%), Bajaj Electricals (0.56%) and Blue Star (0.21%).
§  The Metal index was at 17,348.57, up by 288.69 points or by 1.69%. The major gainers were Hindustan Zinc (5.34%), Hindalco Industries (1.75%), Jindal Steel & Power (1.12%), Bhushan Steel (1.02%) and JSW Steel (0.95%).
§  On the other hand, the Oil & Gas index was at 10,559.45, down by 48.43 points or by 0.46%. The major losers were Petronet LNG (0.64%), G A I L (India) (0.03%) and Oil India (0.01%).
§  Market breadth was positive with 1,843 advances against 1,127 declines.

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