Edelweiss, Sales Traders Commentary: February 8, 2011

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Sales Traders Commentary

§  Indian markets ended on a tepid note on Monday, after a dismal start to the February series last week. They  were trading range-bound for most part of the day amid volatility, albeit less than previous trading sessions. The broader markets too ended in the red with minor losses. Overall, it was a quiet session for the markets, indicating lack of conviction among participants.

§  The Sensex and Nifty closed flat, at  18,037.19 and 5,396, respectively.

§  Gainers were I T C (3.60%), Hero Honda Motors (3.19%), Jaiprakash Associates (2.93%), Infosys Technologies (2.09%), D L F (1.98%), and H D F C Bank (1.93%).

§  Losers were Cipla (2.28%), Wipro (1.95%), Larsen & Toubro (1.26%), Tata Consultancy Services (0.49%), Housing Development Finance Corporation (0.45%), and I C I C I Bank (0.18%).

§  The FMCG index was at 3,272.27, up 57.97 points or by 1.80%. Major gainers were I T C (3.6%), Nestle India (2.29%), Hindustan Unilever (1.17%), Dabur India (0.6%), and Colgate-Palmolive (India) (0.22%).

§  The Realty index was at 2,234.56, up 35.32 points or by 1.61%. Major gainers were Housing Development and Infrastructure (4%), D L F (1.98%), Indiabulls Real Estate (1.98%), Peninsula Land (0.42%), and Orbit Corporation (0.33%).

§  The Oil & Gas index was at 9,550.51, up 127.42 points or by 1.35%. Major gainers were Indian Oil Corporation (1.9%), Hindustan Petroleum Corporation (1.89%), Bharat Petroleum Corporation (1.84%), Cairn India (1.04%), and Oil India (1.03%).

§  On the other hand, the HC index was at 6,001.31, down 69.86 points or by 1.15%. Major losers were Cadila Healthcare (3.17%), Cipla (2.28%), Dr Reddy`S Laboratories (0.71%), Aurobindo Pharma (0.36%), and Glaxo SmithKline Pharmaceuticals (0.06%).

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