Edelweiss: Sales Traders Commentary: Jan 25, 2011

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Sales Traders Commentary

§  On Monday, equity benchmarks posted a smart uptrend, especially led by banking shares on strong Q3FY11 earnings and ahead of RBI's quarterly monetary policy meet on January 25.

§  The Sensex closed at 19151, up 144 points, while the Nifty jumped 47 points to 5743.

§  Major gainers were State Bank of India (3.66%), Maruti Suzuki India (3.59%), Tata Steel (3.06%), Oil & Natural Gas Corporation (3.05%), Bharat Heavy Electricals (2.77%), and Housing Development Finance Corporation (2.53%).

§  Major losers were Wipro (2.57%), Reliance Industries (1.57%), Cipla (1.49%), Hindalco Industries (1.11%), Reliance Communications (1.07%), and Reliance Energy (1.00%).

§  The Bankex jumped 2.40%. Major gainers were Bank of Baroda (4.34%), H D F C Bank (2.36%), I C I C I Bank (1.69%), Bank of India (1.3%), and Canara Bank (0.4%).

§  The Consumer Durables index rose 1.93%. Major gainers were Rajesh Exports (5.33%), Whirlpool of India (3.47%), Titan Industries (2.12%), Blue Star (1.04%), and Bajaj Electricals (0.83%).

§  The PSU index gained 1.20%. Major gainers were Bank of Baroda (4.34%), Andhra Bank (3.08%), Allahabad Bank (1.92%), Bank of India (1.3%), and Bank of Maharashtra (0.65%).

§  The Oil & Gas index dipped 0.21%. Major losers were Reliance Industries (1.57%) and Petronet LNG (0.31%).

§  Major gainsers in the mid cap space were Monnet Ispat, Core Projects, Prestige Estate, National Fertiliser, and KSK Energy Ventures which rallied 7.5-10%.

§  Major gainers among small caps were TTK Prestige, Odyssey Finance, TTK Healthcare, Hawkins Cooker and Cambridge Solutions, which  jumped 11-20%.

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