Edelweiss, Sales Traders Commentary:: 18 Jan 2011

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Sales Traders Commentary

§  On Monday, equity benchmarks closed an extremely volatile session on a flat note, led by sell-off across sectors—realty, metal, consumer goods, power and select auto companies.

§  Sensex closed at 18,882, up 22 points, while Nifty was up 0.20 points at 5654.

§  Major gainers were Housing Development Finance Corporation (3.15%), Infosys Technologies (2.06%), Cipla (1.96%), Tata Consultancy Services (1.74%), Bajaj Auto (1.62%), and Bharti Airtel (1.43%).

§  Major losers were Reliance Energy (7.84%), Jaiprakash Associates (5.55%), Reliance Communications (4.77%), Sterlite Industries (India) (3.80%), D L F (3.19%), and Hindalco Industries (1.83%) .

§  The IT index was up 1.73%. Major gainers were Oracle Financial Services Software (4.96%), Core Projects and Technologies (2.7%), Infosys Technologies (2.06%), Tech Mahindra (1.68%), and H C L Technologies (1.63%).

§  The Realty index was down 2.37%. Major losers were D L F (3.19%), D B Realty (2.48%), Indiabulls Real Estate (1.85%), Anant Raj Industries (0.4%), and Ackruti City (0.17%).

§  The Metal index slipped 1.32%. Major losers were Sesa Goa (2.6%), Hindalco Industries (1.83%), Bhushan Steel (1.45%), Jindal Steel & Power (1.41%), and National Aluminium Company (0.18%).

§  The Capital Goods index was down 1.17%. The major losers were Alstom Projects India (2.3%), BEML (0.82%), Bharat Electronics (0.58%), Bharat Heavy Electricals (0.29%), and BGR Energy Systems (0.28%).

§  Major losers in the mid cap space were Alstom Projects India (2.3%), A I A Engineering (1.42%), A2Z Maintenance & Engineering Services (0.76%), A B G Shipyard (0.31%), and Aban Offshore (0.24%).

Major losers among small caps were Aarti Industries (4.09%), Provogue (India) (4.07%), Action Construction Equipment (3.19%), A K Capital Services (1.95%), and A B G Infralogistics (1.05%).

§  Globally, Asian indices ended mixed, while European indices were trading lower.