Edelweiss: Sales Traders Commentary February, 1 2011-

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Sales Traders Commentary

§  On Monday, equity benchmarks closed with moderate losses after making a smart recovery in last couple of hours of trade. Capital Goods, Power, Consumer Durables, Oil&Gas and Financial companies' shares led the recovery.

§  The Sensex closed at 18327, down 68 points, while the Nifty slipped 6 points to 5506.

§  Major gainers were Oil & Natural Gas Corporation (3.69%), Bharat Heavy Electricals (2.98%), Hindalco Industries (2.73%), Larsen & Toubro (2.19%), and Mahindra & Mahindra (2.18%).

§  Major losers were Jaiprakash Associates (4.69%), ITC (3.18%), HDFC (2.73%), Bharti Airtel (2.61%), Reliance Infrastructure (2.31%), and Tata Consultancy Services (2.15%).

§  The Capital goods index jumped 3.26%. Major gainers were Siemens India (17.3%), Crompton Greaves (6.48%), ABB (4.08%), Bhel (2.98%), and Larsen & Toubro (2.19%).

§  The Consumer Durable index was up 1.22%. Major gainers were Titan Industries (3.68%), Gitanjali Gems (2.59%), Whirlpool of India (0.71%), and  Rajesh Exports (0.4%).

§  The Oil&Gas index rose 1.22%. Major gainers were ONGC (3.69%), Gail India (3.43%), Esssr Oil (1.29%), Indian Oil Corp (0.72%), and Cairn India (0.63%).

§  The Bankex jumped 0.64%. Major gainers were Canara Bank (7.06%), Federal Bank (4.14%), Bank of Baroda (4.08%), Indusind Bank (3.66%), and Yes Bank (1.90%).

§  Major gainers in the mid cap space were United Breweries, Edelweiss Capital, KEC International, Cholamandalam, and Shree Global rallied 5-8%.

§  Majors gainers among small caps were Surana Inds, Shrenuj, GEI Industrial, Astra Microwave, and Bhansali Engg jumped 9-18%.

§  Globally, Asian indices ended nagative while European indices were trading lower.