Edelweiss -Sales Traders Commentary- March 16, 2011

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Sales Traders Commentary

§  On Tuesday, Indian equity markets dropped tracking Asian and European peers on concerns over radiation leaks from Japanese nuclear power plants; profit booking was seen Realty, Auto, Metal, Power, Capital Goods and IT stocks.

§  The Sensex closed at 18167, down 271 points, while the Nifty slipped 82 points to 5449.

§  Major gainers were Reliance Industries (1.83%) and Reliance Communications (0.45%).

§  Major losers were Jaiprakash Associates (3.80%), Maruti Suzuki India (3.55%), Oil & Natural Gas Corporation (3.42%), Sterlite Industries (India) (3.25%), DLF (3.15%), and Wipro (3.15%).

§  The Oil & Gas index was up 0.32%. Major gainer was Reliance Industries (1.83%).

§  The Realty index was down 3.14%. Major losers were D B Realty (3.94%), Indiabulls Real Estate (3.81%), D L F (3.15%), Anant Raj Industries (3.06%) and Ackruti City (0.57%).

§  The Auto index was down 2.03%. Major losers were Exide Industries (2.73%), Ashok Leyland (1.68%), Bharat Forge (1.65%), Bajaj Auto (1.44%) and Hero Honda Motors (0.68%).

§  The Metal index was down 2.02%. Major losers were National Aluminium Company (77.37%), Hindalco Industries (2.3%), JSW Steel (1.98%), Jindal Steel & Power (0.35%) and Hindustan Zinc (0.15%).

§  Major losers in the mid-cap space were A2Z Maintenance & Engineering Services (3.41%), Core Projects and Technologies (2.5%), Alstom Projects India (2.35%), A B G Shipyard (1.72%) and Aban Offshore (0.68%).

§  Major losers among small caps were Aarti Industries (3.76%), Provogue (India) (2.99%), A K Capital Services (2.66%), INEOS ABS (India) (1.76%) and Abhishek Industries (1.68%).

§  Globally, Asian indices ended negative, while Europe indices were trading lower.