Sales Traders Commentary- March 10, 2011- Edelweiss

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Sales Traders Commentary

§  On Wednesday, equity benchmarks closed after marginal gains in an extremely volatile session. Gains were led by recovery in realty, auto, consumer durables, power and oil&gas stocks. Profit booking was seen in healthcare stocks.

§  The Sensex closed at 18469, up 31 points, while the Nifty gained 10 points at 5531.

§  Major gainers were Reliance Communications (9.36%), Reliance Infra (2.37%), Bajaj Auto (2.27%), DLF (1.33%), ICICI Bank (1.24%), and Jaiprakash Associates (1.19%).

§  Major losers were Cipla (1.74%), Sterlite Industries (India) (1.19%), NTPC (1.03%), Hindustan Unilever (0.66%), Infosys Technologies (0.62%), and Bharti Airtel (0.57%).

§  The Realty index was up 1.74%. Major gainers were Indiabulls Real Estate (3.99%), Anant Raj Industries (3.33%), Ackruti City (1.79%), D L F (1.28%), and D B Realty (0.32%.

§  The Consumer Durables index was up 0.88%. Major gainers were V I P Industries (4.37%), Whirlpool Of India (3.4%), Blue Star (1.64%), Titan Industries (0.46%), and Gitanjali Gems (0.21%).

§  The Auto index was up 0.72%. Major gainers were Apollo Tyres (4.12%), Bajaj Auto (2.38%), Amtek Auto (2.23%), Cummins India (1.77%), and Hero Honda Motors (0.85%).

§  The HC index was down 0.36%. Major losers were Cipla (1.67%), Cadila Healthcare (1.65%), Biocon (0.59%), Apollo Hospitals Enterprises (0.33%), and Fortis Healthcare (India) (0.2%).

§  Major gainers in the mid cap space were Core Projects and Technologies (2.08%), A B G Shipyard (0.89%), A2Z Maintenance & Engineering Services (0.3%), Alstom Projects India (0.3%),andAIAEngineering0.08%).

Major gainers among small cap were INEOS ABS (India) (1.78%), Abhishek Industries (1.38%), Provogue (India) (1.1%), Aarti Industries (0.59%), and A B G Infralogistics (0.24%).

§   Globally, Asian indices ended positive, while European indices were trading higher.