Edelweiss, Sales Traders Commentary: Feb 18, 2011

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Sales Traders Commentary

§  Indian equity benchmarks gained strength in the second half of trade on Thursday, after witnessing consolidation since Tuesday, to close at three-week high, especially triggered by easing food inflation in February. Financial, capital goods, auto, select metal, and technology companies' shares led the strong support to markets.

§  The Sensex closed at  18506.82, up 1.13%. The Nifty ended up 1.18% at 5546.45.

§  Gainers were IDFC (5.55%), H D F C Bank (4.64%), Suzlon (4.55%), Housing Development Finance Corporation (4.04%), Bharti Airtel (3.35%), Larsen & Toubro (2.69%), and Ambuja Cement (2.46%).

§  Losers were GAIL (1.21%), HCL Tech (1.19%), Wipro (0.95%), Reliance Power (0.86%), D L F (0.76%), Hindustan Unilever (0.69%), and Oil & Natural Gas Corporation (0.68%).

§  The Capital Goods index was at 13396.16, up 254.22 points or 1.93%. Major gainers were BGR Energy Systems (1.78%), BEML (1.38%), Alstom Projects India (1.29%), Bharat Electronics (0.76%), and A B B (0.57%).

§  The Bankex was at 12637.93, up 187.18 points or 1.50%. Major gainers were H D F C Bank (4.21%), Canara Bank (1.32%), Bank of India (1.11%), Bank of Baroda (0.77%), and Federal Bank (0.03%).

§  The Auto index was at 8930.76, up 88.17 points or 1.00%. Major gainers were Amtek Auto (3%), Bharat Forge (2.27%), Apollo Tyres (2.19%), Bajaj Auto (1.76%), and Hero Honda Motors (0.04%).

§  On the other hand, the Realty index was at 2138.51, down 19.25 points or 0.89%. Major losers were Ackruti City (4.66%), D B Realty (2.45%), Indiabulls Real Estate (2.17%), Anant Raj Industries (0.8%), and D L F (0.27%).

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