Edelweiss: Sales Traders Commentary: Feb 7, 2011

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Sales Traders Commentary

§  On Friday, sell-off was seen across sectors; realty, FMCG, bank, capital goods and IT stocks saw major fall, down 2-3%. Auto, power, oil & gas, healthcare, and metal indices tanked over 1.5%. The broader indices too participated in the fall—the BSE Midcap and Smallcap indices lost over 1%.

§  The Sensex closed, down  2.45%, at  18008.15. The Nifty ended down 2.43%, at 5395.75.

§  Gainer was  Bajaj Auto (0.99%).

§  Losers were M&M, ITC, Hindalco, L&T, Reliance Infrastructure, Sun Pharma and Kotak Mahindra with 4-6% fall.

§  The FMCG index was at 3221.01, down 80.17 points or 2.43%. Major losers were I T C (3.85%), Godrej Consumer Products (3.32%), United Breweries (1.98%), Hindustan Unilever (1.85%), and Dabur India (0.81%).

§  The IT index was at 6265.30, down 94.47 points or 1.49%. Major losers were Infosys Technologies (1.86%), H C L Technologies (1.78%), Tech Mahindra (1.7%), Oracle Financial Services Software (0.59%), and Mphasis (0.34%).

§  The healthcare index was at 6073.91, down 78.02 points or 1.27%. Major losers were Apollo Hospitals Enterprise (2.56%), Biocon (1.64%), Dr Reddy`S Laboratories (1.37%), Cipla (1.18%), and Cadila Healthcare (1.05%).

§  On the other hand, the realty index was at 2209.66, up 19.69 points or 0.90%. Major gainers were Ackruti City (4.12%), Peninsula Land (3.71%), Godrej Properties (1.04%), and Sunteck Realty (0.64%).

§  Globally, Asia ended on a negative note, while Europe was trading in the green.