Sales Traders Commentary : Edelweiss, Feb 15, 2011

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Sales Traders Commentary

§  On Monday, the market continued to rally. The benchmark Nifty closed above the 5400-mark for the first time in the past eight sessions, which could be OR was led by value buying as well as short covering. Global cues too were supportive after easing of concerns on Egypt.

§  The Sensex closed at 18202.20, up 2.60%, and the Nifty ended up 2.75%, at 5456.00.

§  Gainers were Larsen & Toubro (7.28%), Jaiprakash Associates (6.96%), Suzlon (6.67%), Tata Motors (5.83%), Jindal Steel & Power (5.11%), Bharat Heavy Electricals (5.06%), and Kotak Mahindra Bank (5.00%).

§  Losers were DLF (0.50%), Siemens (0.37%), and RCom (0.21%).

§  The Capital Goods index was at 13343.72, up 707.47 points or 5.60%. Major gainers were Alstom Projects India (6.27%), BGR Energy Systems (6.15%), BEML (5.86%), A B B (3.51%), and Bharat Electronics (2.81%).

§  The Auto index was at 8808.25, up 317.43 points or 3.74%. Major gainers were Apollo Tyres (9.22%), Bharat Forge (3.79%), Amtek Auto (3.35%), Bajaj Auto (3.22%), and Ashok Leyland (3.17%).

§  The Metal index was at 15825.35, up 547.14 points or 3.58%. Major gainers were Jindal Steel & Power (4.56%), Bhushan Steel (4.16%), Hindustan Zinc (4.07%), Hindalco Industries (3.84%), and JSW Steel (2.92%).

§  The Consumer Durables index was at 5724.51, up 193.38 points or 3.50%. Major gainers were Gitanjali Gems (8.72%), Rajesh Exports (6.49%), Blue Star (4.15%), Bajaj Electricals (1.53%) and Whirlpool of India (1.16%).

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