Edelweiss: Sales Traders Commentary: Feb 10, 2011

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Sales Traders Commentary

§  On Wednesday, the Sensex extended losses, further hitting a low of 17,508.60 as selling pressure intensified across board. Power, realty, metal and consumer durable sectors were hammered badly.

§  Sensex closed down  at  17,592.77, down 1.04%, and Nifty ended down 1.11%, at 5,253.55.

§  Gainers were Mahindra & Mahindra (4.99%), HDFC (4.22%), DLF (1.96%), Infosys (1.11%), and Hindustan Unilever (0.60%).

§  Losers were Reliance Infrastructure (17.62%), Reliance Communication (13.63%),  Jaiprakash Associates (9.14%), Hindalco Industries (6.05%), BHEL (3.93%), and Hero Honda (2.05%).

§  The Power index was at 2,520.58, down 95.81 points or by 3.66%. Major losers were GMR Infra (11.68%), PTC India (9.81%), and Suzlon (8.39%).

§  The Metal index was at 15,340, down 538.75 points or by 3.39%. Major losers were Jindal Saw (6.83%), Sesa Goa (6.46%), and Jsw Steel (4.72%).

§  The Realty index was at 2,098.92, down 68.21 points or by 3.15%. Major losers were Unitech (8.36%), HDIL (6.72%) and Indiabulls Real Estate (5.92%).

§  The Consumer Durables index was at 5,459.04, down 145.78 points or 2.60%. Major losers were Whirpool (6.41%), Titan Industries (4.71%), and VIP Industries (4.67%).

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