Edelweiss -Sales Traders Commentary- March 25, 2011

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Sales Traders Commentary

§  On Thursday, Indian equity benchmarks sustained their upmove for the third consecutive session, with the Sensex gaining more than 500 points in three days and the Nifty closing above the 5500 level for the first time in the past six sessions. Financial, realty, metal, technology, auto and consumer goods stocks rallied.

§  The Sensex closed at 18350, up 144 points, while the Nifty gained 42 points to 5522.

§  Major gainers were Hindalco Industries (4.25%), Mahindra & Mahindra (2.88%), Bharat Heavy Electricals (2.82%), Tata Consultancy Services (2.76%), Jaiprakash Associates (2.00%), and Hero Honda Motors (1.67%).

§  Major losers were Maruti Suzuki India (0.60%), Bajaj Auto (0.42%), Hindustan Unilever (0.30%), Reliance Industries (0.25%), D L F (0.13%), and Reliance Energy (0.05%)

§  The Realty index was up 2.83%. Major gainers were Indiabulls Real Estate (4.28%), Housing Development and Infrastructure (2.28%), D B Realty (2.03%), Godrej Properties (1.37%), and Ackruti City (0.37%).

§  The Auto index was up 1.40%. Major gainers were Ashok Leyland (5.24%), Bharat Forge (2.74%), Apollo Tyres (1.77%), Exide Industries (0.67%), and Amtek Auto (0.42%).

§  The Capital Goods index was up 1.27%. Major gainers were Alstom Projects India (3.15%), A B B (3.03%), Bharat Heavy Electricals (2.82%), Bharat Electronics (1.59%), and BEML (1.04%).

§  The Oil & Gas index was down 0.25%. Major losers were G A I L (India) (2.24%), Cairn India (0.45%), Reliance Industries (0.25%), Petronet LNG (0.12%), and Oil &Natural Gas Corporation (0.04%).

§  Globally, Asian indices ended mixed, while European indices were trading in the green.