Sales Traders Commentary : Edelweiss: 16 Feb 2011

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Sales Traders Commentary

§  On Tuesday, the benchmark index maintained its uptrend for third consecutive session amid a choppy trade—the Nifty touched the 5500-mark for the first time in the past seven sessions in intra-day trade, supported by oil & gas, financials, telecom, cement, and power companies' shares.

§  The Sensex closed at  18273.80, up 0.39%. The Nifty ended up 0.46%, at 5481.00.

§  Gainers were Reliance Capital (8.22%), Reliance Communications (3.85%), Punjab National Bank (3.46%), Kotak Mahindra Bank (3.23%), Reliance Industries (2.97%), Tata Motors (2.96%), and Tata Power  (2.31%).

§  Losers were Jaiprakash Associates (3.31%), DLF (3.20%), Hindalco Industries (3.03%), Bharat Heavy Electricals (2.78%), Larsen & Toubro (2.36%), Mahindra & Mahindra (2.10%), and Cairn (1.47%).

§  The Bankex was at 12433.29, up 190.90 points or 1.56%. Major gainers were Bank of India(3.47%), Canara Bank (3.22%), Bank of Baroda (2.49%), Federal Bank (1.76%), and H D F C Bank (0.01%).

§  The PSU index was at 8653.33, up 109.72 points or 1.28%. Major gainers were Bank of India (3.47%), Bank of Baroda (2.49%), Allahabad Bank (1.37%), Balmer Lawrie & Company (1.29%), and Andhra Bank (1.22%).

§  The Capital Goods index was at 13155.65, down 145.61 points or 1.09%. Major losers were Bharat Heavy Electricals (1.93%), Areva T & D India (1.7%), Bharat Electronics (1.59%), BGR Energy Systems (0.95%), and Alstom Projects India (0.14%).

§  The Realty index was at 2124.33, down 17.1 points or 0.8%. Major losers were D B Realty (1.72%), D L F (1.24%), Ackruti City (1.22%), Anant Raj Industries (1.01%), and Indiabulls Real Estate (0.94%).

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