March 28, 2011: Sales Traders Commentary [ Edelweiss,

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Sales Traders Commentary

§  On Friday, Indian markets continued to gain for the fourth day and equity benchmarks surged to a two-month high led by short covering and global support. The Sensex and Nifty ended with gains of more than 2%. Buying was seen across sectors, the major gainers being IT, financials, realty, capital goods, power and auto stocks.

§  The Sensex closed at 18815, up 465 points, while the Nifty gained 132 points to 5654.

§  Major gainers were D L F (6.17%), Infosys Technologies (5.23%), NTPC (3.82%), Wipro (3.68%), Tata Power Company (3.67%), and I C I C I Bank (3.61%).

§  The IT index was up 4.02%. Major gainers were Infosys Technologies (5.23%), Oracle Financial Services Software (3.2%), H C L Technologies (2.27%), Mphasis (0.77%), and Core Projects and Technologies (0.41%).

§  The TECk index was up 3.49%. Major gainers were Idea Cellular (3.48%), Oracle Financial Services Software (3.2%), Bharti Airtel (1.86%), Mphasis (0.77%), and Reliance MediaWorks (0.43%).

§  The Bankex gained 2.72%. Major gainers were H D F C Bank (3.21%), Bank Of Baroda (2.49%), Federal Bank (1.78%), Canara Bank (0.8%), and Bank Of India(0.8%).

§  The Realty index was up 2.72%. Major gainers were D L F (6.17%), Godrej Properties (5.6%), Mahindra Lifespace Developers (2.64%), Indiabulls Real Estate(2.54%), and Ackruti City (1.41%).

§  Major gainers in the mid cap space were A2Z Maintenance & Engineering Services(4.91%), Aban Offshore (2.87%), Alstom Projects India (1.89%), A B G Shipyard (1.56%), and Core Projects and Technologies (0.41%).

Major gainers among small caps were Abhishek Industries (1.49%), A B G Infralogistics (0.94%), A K Capital Services (0.86%), Aarti Industries (0.5%), and INEOS ABS (India) (0.23%).

§  Globally, Asian indices ended in the green, while European indices also traded in the green.