Edelweiss, Sales Traders Commentary: 9 Feb 2011

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Sales Traders Commentary

§  On Tuesday, intense pressure was felt across board. Consumer durable, realty, oil & gas and PSU stocks declined.

§  Sensex closed down  at  17,775.70, down 1.47%, and Nifty ended down 1.57%, at 5,312.55.

§  Gainers were Bajaj Auto (1.81%), Tata Power (1.50%), Cipla (0.78%), and Hindalco Industries (0.75%).

§  Losers were Jaiprakash Associates (6.49%), Mahindra & Mahindra (6.16%),  ONGC (5.83%),  Reliance Communication (4.41%), Tata Steel (3.19%), and ICICI Bank (2.63%).

§  The Consumer Durables index was at 5,657.95, down 168.98 points or 2.90%. Major losers were Vip Industries (7.15), Titan (6.02%), & Videocon Industies (2.16).

§  The Realty index was at 2,183.73, down 52.22 points or by 2.34%. Major losers were Indiabulls Real Estate (4.39%), Orbit Corporation (3.86%) & HDIL (3.47%).

§  The Oil & gas index was at 9309.10, down 185.31 points or by 1.95%. Major losers were Petronet LNG (3.43%) Oil India (1.41%) & Cairn (1.34%).

§  The PSU index was at 8,525.18, down 124.20 points or by 1.44%. Major losers were Powergrid (2.20%) & Coal (1.37%).

§  The Bankex index was at 11,631.12, down 168.10 points or by 1.42%. ICICI Bank slipped over 2%. Axis Bank, HDFC Bank, and Kotak Mahindra Bank were own 0.6-2.0%.

§  Globally, Asia ended on a muted note, while Europe was trading flat.