14 January 2011

Sales Traders Commentary: Edelweiss: Jan 14, 2011

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Sales Traders Commentary
§  On Thursday, equity benchmark indices saw weakness following bad Q3 no.s reported by Infosys, the tech major, and selling pressure at higher level in index stocks.
§  Sensex closed at 19182, down 351 points, while Nifty was down 112 points at 5751.
§  Major gainers were Tata Motors (1.53%), Oil & Natural Gas Corporation (1.10%), D L F (0.42%), Reliance Communications (0.25%), Tata Power Company (0.25%), and I T C (0.09%).
§  Major losers were Infosys Technologies (4.95%), State Bank Of India (4.01%), I C I C I Bank (3.31%), H D F C Bank (2.77%), Wipro (2.70%), and Hero Honda Motors (2.44%)
§  The Realty index was up 0.50%. Major gainers were Housing Development and Infrastructure (1.42%), Indiabulls Real Estate (0.88%), D B Realty (0.85%), Phoenix Mills (0.82%), and D L F (0.42%).
§  The IT index was down 3.53%. Major losers were Infosys Technologies (4.95%), H C L Technologies (3.39%), Core Projects and Technologies (1.76%), Mphasis (1.11%), and Oracle Financial Services Software (1%).
§  The Bankex index was down 3.3%.  Major losers were Bank Of India (3.96%), Bank Of Baroda (3.31%), Canara Bank (3.25%), H D F C Bank (2.77%), and Federal Bank (1.38%).
§  The TECk index was down 2.83%. Major losers were Reliance MediaWorks (1.91%), Dish TV India (1.67%), Mphasis (1.11%), Bharti Airtel (0.99%), and Idea Cellular (0.74%).
§  Major losers in the mid cap space were A B G Shipyard (3.81%), Core Projects and Technologies (1.76%), Aban Offshore (1.67%), Alstom Projects India (0.28%), and A I A Engineering (0.17%).
§  Major losers amongst small caps were A K Capital Services (7.21%), Adhunik Metaliks (1.97%), Abhishek Industries (1.26%), Aarti Industries (0.6%), and Action Construction Equipment (0.38%).
§  Globally, Asian indices ended positive, while European indices were trading higher.

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