Edelweiss, Sales Traders Commentary - February, 24 2011

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Sales Traders Commentary

§   On Wednesday, the Nifty ended below the 5450 level, pulled down by financial, infrastructure, realty and technology companies' shares. Indices were quite choppy since morning, but slipped into the red in the last one hour of trade.

§   The Sensex closed at 18178.33, down 0.64%. The Nifty ended down 0.58% at 5437.35.

§   Gainers were Reliance Infrastructure (11.97%), Hero Honda (7.94%), Reliance Capital (2.41%), Dr Reddy’s (2.02%),Reliance Communication (1.53%), Reliance Industries (1.39%), and Sterlite Industries (1.28%).

§   Losers were Ranbaxy (6.70%), SBIN (3.75%), DLF (3.63%), Tata Power Company (2.59%), IDFC (2.48%), Wipro (2.43%), and I C I C I Bank (2.31%).

§   The Bank index was at 12096.34, down 214.93 points or 1.75%. Major losers were Yes Bank (2.51%), Federal Bank (2.26%) and Canara Bank (1.58%).

§   The IT index was at 6269.78, down 95.59 points or 1.50%. Major losers were Mphasis (2.95%), Infosys Tech (1.94%) and TCS (0.84%).

§   The Realty index was at 2025.25, down 26.12 points or 1.27%. Major losers were DB Realty (2.50%), Sobha Developers (1.31%) and Indiabulls Real Estate (1.15%).

§   The Consumer Durable index was at 5828.47, down 73.98 points or 1.25%. Major losers were Gitanjali Gems (5.97%), Rajesh Exports (3.41%) and Titan Industries (1.09%).

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