17 January 2011

Sales Traders Commentary- Edelweiss, 17 Jan, 2011

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Sales Traders Commentary
§  On Friday, markets continued to fall for the second day, led by sell-off across sectors—realty, bank, metal, auto, and consumer goods.
§  While the Sensex closed at 18860, down 322 points, the Nifty slipped 97 points to 5654.
§  Major gainers were Wipro (1.71%), Tata Power Company (1.57%), Jindal Steel & Power (0.33%), and Mahindra & Mahindra (0.13%).
§  Major losers were Tata Motors (4.63%), Housing Development Finance Corporation (4.20%), H D F C Bank (4.12%), Sterlite Industries (India) (4.02%), Bajaj Auto (2.93%), and Tata Steel (2.74%).
§  The realty index dipped 2.7%. Major losers were Indiabulls Real Estate (4.24%), D L F (2.73%), D B Realty (2.44%), Anant Raj Industries (1.19%), and Ackruti City (0.56%).
§  The Bankex was down 2.6%. Major losers were Canara Bank (4.84%), H D F C Bank (4.12%), Bank of India (2.57%), I C I C I Bank (1.3%), and Federal Bank (0.32%).
§  The Metal index slipped 2.5%. Major losers were JSW Steel (3.01%), Hindalco Industries (2.37%), National Aluminium Company (2.29%), Hindustan Zinc (1.39%), and Bhushan Steel (1.33%).
§  The Auto index was down 2.29%. Major losers were Ashok Leyland (4.36%), Apollo Tyres (4.07%), Bajaj Auto (2.93%), Bharat Forge (1.72%), and Amtek Auto (1.37%).
§  Major losers in the mid cap space were Alstom Projects India (1.99%), A I A Engineering (1.68%), A B G Shipyard (1.57%), A2Z Maintenance & Engineering Services (1.05%), and Aban Offshore (0.92%).
§  Major losers among small caps were Provogue (India) (3.14%), INEOS ABS (India) (2.42%), A K Capital Services (1.95%), Abhishek Industries (0.64%), and A B G Infralogistics (0.08%).
§  Globally, Asian indices ended mixed, while European indices were trading lower.

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