Edelweiss, Sales Traders Commentary: Feb 4, 2011

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Sales Traders Commentary

§  On Thursday, the Sensex extended gains after touching a high of 18466.21 on relentless buying across all counters. Realty gained the most, followed by capital goods, metal, banking, and PSU.

§  The Sensex closed at  18449.31, up 1.94%. The Nifty ended up 1.71% at 5526.75.

§  Gainers were DLF (6.47%), Bharti Airtel (4.56%), Hindalco Industries (4.47%), Jaiprakash Associates (4.45%), Tata Motors (4.33%), and Larsen & Toubro (4.13%). 

§  Losers were HCL Tech (1.22%), Dr Reddy's Labs (0.83%), ACC (0.81%), Bajaj Auto (0.31%), and Ranbaxy Labs (0.74%).

§  The Realty index was at 2256.27, up 66.30 points or 3.76%. Major gainers were Housing Development and Infrastructure (6.24%), UNITECH (2.88%), D L F (7.00%), and Indiabulls Real Estate (4.77%).

§  The Capital Goods index was at 13364.93, up 302.51 points or 2.70%. Larsen &Toubro was up (3.72%) BHEL (2.59%) and ABB (0.85%).

§  The Bankex was at 12080.73, up 211.38 points or 2.17%. Major gainers were SBI ( 3.08%), Axis Bank ( 2.52%), ICICI Bank (2.13%),  and HDFC Bank (2.12%).    

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