Edelweiss, Sales Traders Commentary Feb 22, 2012

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Sales Traders Commentary

§  Monday, Indian markets staged a smart recovery after a severe fall of 300 points on Friday. The pullback was also supported by consumer durables, telecom, oil&gas, metal, FMCG, banking and pharma stocks.

§  The Sensex closed at  18438.31, up 1.25%. The Nifty ended up 1.09% at 5518.60.

§  Gainers were Wipro (4.83%), Tata Consultancy Services (4.32%), Jaiprakash Associates (3.93%), Sterlite Industries (3.59%), Oil & Natural Gas Corporation (3.17%), and Reliance Infrastructure (2.48%).

§  Losers were Tata Motors (3.65%), Hero Honda Motors (2.18%), Maruti Suzuki India (1.56%), NTPC (1.51%), D L F (0.84%), Suzlon (0.84%), and Bharat Petroleum (0.80%).

§  The IT index was at 6399.59, up 171.74 points or 2.76%. Major gainers were Mphasis (4.25%), Tech Mahindra (2.69%), Infosys Technologies (2.13%), H C L Technologies (1.78%) and Oracle Financial Services Software (0.68%).

§  The IT index was at 3724.80, up 76.83 points or 2.11%. Major gainers were Mphasis (4.25%), Reliance MediaWorks (3.4%), Oracle Financial Services Software (0.68%), G T L Infrastructure (0.4%) and D B Corp (0.13%).

§  The Consumer Durables index was at 5831.88, up 112.84 points or 1.97%. Major gainers were Titan Industries (6.09%), Bajaj Electricals (1.45%), Videocon Industries (1.18%), Rajesh Exports (0.92%) and Gitanjali Gems (0.15%).

§  On the other hand, the Auto index was at 8614.90, down 102.81 points or 1.18%. Major losers were Hero Honda Motors (2.03%), Maruti Suzuki India (1.29%), Ashok Leyland (0.69%), Amtek Auto (0.17%) and Mahindra & Mahindra (0.06%).

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