06 December 2010

Sales Traders Commentary: Edelweiss -6/12/2010

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Sales Traders Commentary
§  The benchmark indices snapped the four days winning streak and closed on a weaker note. Sectorially, banking, realty, and infrastructure space saw weakness.
§  Sensex closed at 19966, down 25 points and the Nifty was at 5992, down 19 points.
§  Gainers were Hero Honda Motors (2.62%), Hindustan Unilever (1.37%), Mahindra & Mahindra (1.11%), Infosys Technologies (0.87%), Wipro (0.71%), and Cipla (0.69%).
§  Losers were Jaiprakash Associates (5.78%), Reliance Infrastructure (4.60%), DLF (4.22%), Reliance Communications (3.24%), Sterlite Industries (India) (2.80%), and Tata Steel (2.20%)
§  The Realty index was down 4.43%. Major losers were Ackruti City (19.99%), Indiabulls Real Estate (6.33%), Housing Development and Infrastructure (6.31%), Anant Raj Industries (5.83%), and DLF (4.22%).
§  The Consumer Durables index was down 3.74%. Major losers were Gitanjali Gems (5.03%), Rajesh Exports (3.79%), Bajaj Electricals (3.05%), Whirlpool of India (2.05%), and Blue Star (1.26%).
§  The IT index was up 0.67%. Major gainers were HCL Technologies (1.53%), Infosys Technologies (0.87%), Mphasis (0.19%), Oracle Financial Services Software (0.07%), and Tata Consultancy Services (0.05%).
§  Globally, Asian indices ended muted, while Europe was trading flat.

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