Edelweiss, Sales Traders Commentary: 14/2/11

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Sales Traders Commentary

§  It was a sigh of relief for the Indian equity benchmarks in last couple of hours of trade on Friday, especially after a drubbing seen in previous five sessions. Lots of shorts piled up in those sessions.

§  Sensex closed up  at  17,728.61, up 1.50%, and Nifty ended up 1.59%, at 5,310.00.

§  Gainers were Jaiprakash Associates (8.39%), IDFC (7.66%), TataMotors (6.12%), KotakBank (5.23%), AXIS Bank (5.19%), Reliance Infra (4.73%) and LT (4.70%).

§  Losers were Hindalco (1.99%),Tatapower (1.76%),Tatasteel (1.47%) and Hindustan Unilever (1.06%).

§  The Bank index was at 11,842.90, up by 400.57 points or by 3.50%.Major gainers were Yes Bank (6.22%), Federal Bank (5.54%) and PNB (4.67%).

§  The Consumer Durables index was at 5,531.13, up by 139.18 points or 2.58%. Major gainers were Gitanjali Gems (18.89%), Whirlpool (6.92%) and VIP Industries (6.86%).

§  The Auto index was at 8490.82, up by 211.85 points or by 2.56%. Major gainers were Apollo Tyres (6.70%), Bajaj Auto (3.54%) and Ashok Leyland (3.28%).

§  The Capital Goods index was at 12,636.25, up by 252.44 points or by 2.04%. Major gainers were Punj Llyod (7.33%), BGR Energy (7.20%) and Reliance Industrial Infra (4.65%).

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