Edelweiss : Sales Traders Commentary: Jan 24, 2011

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Sales Traders Commentary

§   On Friday, equity benchmarks closed with moderate losses, hammered by sell-off in realty, metal, FMCG, healthcare and technology companies' shares in a volatile session.

§   The Sensex closed at 19907, down 39 points, while the Nifty slipped 15 points to 5696.

§   Major gainers were Reliance Infrastructure (2.81%), State Bank of India (2.49%), Reliance Communications (2.14%), Bharat Heavy Electricals (1.75%), Reliance Industries (1.73%), and I C I C I Bank (1.43%).

§   Major losers were Wipro (4.59%), Oil & Natural Gas Corporation (2.57%), I T C (1.63%), D L F (1.56%), Sterlite Industries (India) (1.52%), and Housing Development Finance Corporation (1.50%).

§   The Oil & Gas index was up 0.78%. Major gainers were Indian Oil Corporation (4.57%), Hindustan Petroleum Corporation (4.23%), Bharat Petroleum Corporation (2.78%), Reliance Industries (1.73%), and G A I L (India) (0.19%).

§   The Bankex jumped 0.77%. Major gainers were Bank of India (6.5%), Canara Bank (1.73%), I C I C I Bank (1.43%), Bank of Baroda (0.99%), and Federal Bank (0.13%).

§   The IT index slipped 1.29%. Major losers were Wipro (4.59%), H C L Technologies (1.92%), Mphasis (1.79%), Infosys Technologies (1.34%), and Tech Mahindra (0.75%).

§   The FMCG index was down 1.28%. Major losers were Godrej Consumer Products (2.6%), I T C (1.63%), Dabur India (1.26%), Hindustan Unilever (0.68%), and Colgate-Palmolive (India) (0.49%).

§   Major gainers in the mid cap space were Alok Industries (4.17%), Core Projects and Technologies (3.35%), Aban Offshore (0.28%), A B G Shipyard (0.23%), and Amara Raja Batteries (0.06%).

§   Globally, Asian indices ended negative while European indices were trading higher.