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06 January 2011

Sales Traders Commentary: Edelweiss- January, 6 2011

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Sales Traders Commentary
§  On Wednesday, equity benchmarks saw profit taking on higher level. Financials, auto, metal, realty, telecom, and capital goods stocks witnessed sell offs. The Nifty slipped below the 6100 mark in second half of trade, especially after a fall in global markets.
§  The Sensex closed at 20301, down 197 points, while the Nifty dipped 66 points to 6079.
§  Major gainers were Hindustan Unilever (1.43%), I T C (1.38%), Hindalco Industries (1.36%), Tata Consultancy Services (1.25%), Tata Power Company (1.17%), and Wipro (0.53%).
§  Major losers were Bajaj Auto (3.69%), Hero Honda Motors (3.60%), D L F (3.28%), I C I C I Bank (3.08%), Reliance Communications (2.81%), and Housing Development Finance Corporation (2.75%).
§  The FMCG index was up 0.72%. Major gainers were Hindustan Unilever (1.43%), I T C (1.38%), Marico (0.81%), Dabur India (0.29%), and Nestle India (0.07%).
§  The Bankex dipped 2.19%. Major losers were Canara Bank (4.63%), I C I C I Bank (3.08%), Federal Bank (2.8%), H D F C Bank (1.58%), and Bank of Baroda (0.31%).
§  The Realty index was down 2.03%. Major losers were Anant Raj Industries (5%), D L F (3.28%), D B Realty (2.45%), Ackruti City (1.06%), and Indiabulls Real Estate (0.97%).
§  The Auto index dipped 1.95%. Major losers were Apollo Tyres (4.75%), Bajaj Auto (3.69%), Amtek Auto (3.65%), Ashok Leyland (2.97%), and Bharat Forge (1.16%).
§  Major losers in mid cap were Allahabad Bank (3.86%), Aban Offshore (3.81%), Core Projects and Technologies (1.98%), Ackruti City (1.06%), and Allcargo Global Logistics (0.98%).
§  Major losers in small caps were Aarti Industries (3.68%), A B G Shipyard (3.1%), Abhishek Industries (2.56%), A B G Infralogistics (0.89%) and INEOS ABS (India) (0.16%).
§  Globally, Asian indices ended mixed, while European indices were trading lower.

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