Edelweiss, Sales Traders Commentary: Jan 27, 2011

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Sales Traders Commentary

§  On Tuesday, equity benchmark indices closed lower, led by fall in financial, IT, FMCG, healthcare, realty, and auto companies' shares.

§  The Sensex closed at 18969, down 182 points, while the Nifty slipped 56 points to 5687.

§  Major gainers were NTPC (1.85%), Hero Honda Motors (1.62%), Hindalco Industries (1.31%), Tata Steel (0.96%), Bharti Airtel (0.90%), and Bharat Heavy Electricals (0.74%).

§  Major losers were Hindustan Unilever (5.45%), I C I C I Bank (4.21%), H D F C Bank (2.85%), Mahindra & Mahindra (2.25%), Tata Motors (1.91%), and Reliance Energy (1.63%).

§  The Consumer Durables index jumped 1.73%. Major gainers were Blue Star (8.41%), Bajaj Electricals (2.35%), Rajesh Exports (1.76%), Videocon Industries (0.71%), and Titan Industries (0.49%).

§  The Bankex dipped 2.34%. Major losers were I C I C I Bank (4.21%), H D F C Bank (2.85%), Canara Bank (1.21%), Federal Bank (1.06%), and Bank of Baroda (0.43%).

§  The FMCG index was down 1.67%. Major losers were Hindustan Unilever (5.45%), Godrej Consumer Products (3.73%), I T C (0.59%), Colgate-Palmolive (India) (0.2%), and Dabur India (0.05%).

§  The Healthcare index was down 1.25%. Major losers were Apollo Hospitals Enterprise (3.38%), Dr Reddy`s Laboratories (3.15%), Cipla (1.09%), Biocon (0.69%), and Aurobindo Pharma (0.45%).

§  Major losers in the mid cap space were A B G Shipyard (2.4%), Aban Offshore (1.42%), Alstom Projects India (1.04%), A2Z Maintenance & Engineering Services (1.04%), and A I A Engineering (0.67%).

§  Major losers among small caps were Provogue (India) (2.47%), Abhishek Industries (1.64%), A K Capital Services (1.56%), Aarti Industries (1.45%), and INEOS ABS (India) (0.89%).

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