04 January 2011

Sales Traders Commentary: Edelweiss: Jan 4, 2011

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Sales Traders Commentary
§  On Monday, equity benchmarks began the New Year on a positive note on back of strong global cues and continued the uptrend for fourth consecutive session. Metal, IT, telecom, healthcare, realty, select infrastructure, and financial companies evinced buying interest.
§  The Sensex closed at 20561, up 52 points, while the Nifty closed up 23 points at 6157.
§  Major gainers were Tata Steel (3.67%), Sterlite Industries (India) (2.84%), Reliance Energy (2.54%), Jaiprakash Associates (2.27%), Reliance Communications (1.86%), and HDFC Bank (1.77%).
§  Major losers were, Bajaj Auto (4.38%), Wipro (1.47%), NTPC (1.25%), Reliance Industries (0.57%), ICICI Bank (0.33%), and Tata Consultancy Services (0.27%).
§  The Realty index was up 5.24%. Major gainers were Anant Raj Industries (2.84%), Godrej Properties (1.55%), D L F (1.04%), D B Realty (0.97%), and Housing Development and Infrastructure (0.13%).
§  The Metal index was up 5.08%. Major gainers were Bhushan Steel (3.37%), JSW Steel (1.17%), Hindustan Zinc (1.08%), Jindal Steel & Power (0.69%), and Hindalco Industries (0.04%).
§  The Consumer Durables index jumped 4.80%. Major gainers were Whirlpool of India (4.78%), Titan Industries (2.19%), Bajaj Electricals (1.97%), Rajesh Exports (1.52%), and Gitanjali Gems (0.43%).
§  The Bankex was up 3.67%. Major gainers were Federal Bank (2.04%), HDFC Bank (1.77%), IDBI Bank (0.7%), Canara Bank (0.39%), and Bank of India (0.2%).
§  Major gainers in mid cap were AIA Engineering (5.54%), Alstom Projects India (2.21%), Allahabad Bank (1.88%), Allcargo Global Logistics (1.12%), and Core Projects and Technologies (0.26%).
§  Major gainers in small cap were INEOS ABS (India) (5.17%), Adhunik Metaliks (2.89%), Action Construction Equipment (2.53%), A B G Shipyard (1.56%), and Abhishek Industries (0.87%).
§  Globally, Asian and European markets kicked off the year on a strong note.

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