Edelweiss, Sales Traders Commentary 23 feb 11

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Sales Traders Commentary

§  On Tuesday, the benchmark indices continued to trade in the negative terrain as sustained selling happened in auto, banking, capital goods and metal stocks, while oil & gas gained ground.

§  The Sensex closed at  18296.16, down 0.77%. The Nifty ended down 0.90% at 5469.20.

§  Gainers were Reliance Industries (3.13%), CAIRN (3.04%), Reliance Comm. (1.60%), Dr. Reddy’s (1.15%), Sterlite Industries (1.05%), Reliance Capital (0.82%), and ACC (0.46%).  

§  Losers were Ranbaxy (4.12%), Suzlon (3.59%), Axis Bank (3.49%), Hero Honda Motors (3.47%), BPCL (3.15%), HDFC Bank (2.99%), and LT (2.99%).

§  The Consumer Durable  index was at 5902.45, up 70.57 points or 1.21%. Major gainers were Gitanjali Gems (3.65%), and Titan Industries (3.02%).

§  The Capital Goods index was at 12927.75, down 279.59 points or 2.12%. Major losers were Thermax (4.38%), Areva T&D (4.21%), and Punj Lloyd (3.64%).

§  The IT index was at 6365.37, down 34.22 points or 0.53%. Major losers were Financial Tech (1.72%), Wipro (1.38%) and HCL Tech (1.34%).

§  The Reality index was at 2051.37, down 13.30 points or 0.64%. Major losers were Ackruti City (4.09%), DB Realty (3.38%), Mahindra Life (3.09%) and Parsvnath Dev (2.55%)

§  Globally, Asia ended on a mute note, while Europe was trading in the red.