Sales Traders Commentary- March 18, 2011- Edelweiss

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Sales Traders Commentary

§  On Thursday, Indian equity benchmarks wiped out Wednesday’s gains on back of dip in Financial, Technology, Auto, Realty, FMCG and select power companies' shares.

§  The Sensex closed at 18149, down 209 points, while the Nifty slipped 65 points to 5447.

§  Major gainers were Reliance Communications (3.50%), Bharat Heavy Electricals (1.98%), Reliance Energy (1.16%), Cipla (0.98%), Jaiprakash Associates (0.79%), and Tata Power Company (0.31%).

§  Major losers were Maruti Suzuki India (4.44%), Housing Development Finance Corporation (3.68%), Hindalco Industries (2.49%), D L F (2.12%), Infosys Technologies (1.79%), and I T C (1.72%).

§  The Power index was up 0.22%. Major gainers were Bharat Heavy Electricals (1.98%), Crompton Greaves (1.36%), Reliance Infrastructure (1.16%), PTC India (0.24%) and Siemens (0.05%).

§  The FMCG index was down 1.54%. Major losers were I T C (1.72%), Dabur India (1.38%), Colgate-Palmolive (India) (1.24%), Hindustan Unilever (0.2%) and Godrej Consumer Products (0.13%).

§  The IT index dipped 1.5%. Major losers were Mphasis (3.43%), Infosys Technologies (1.79%), H C L Technologies (1.5%), Core Projects and Technologies (0.63%) and Oracle Financial Services Software (0.3%).

§  The Auto index slipped 1.27%. Major losers were Apollo Tyres (1.76%), Bajaj Auto (0.75%), Ashok Leyland (0.65%), Hero Honda Motors (0.51%) and Exide Industries (0.15%).

§  Major losers in the mid-cap space were Aban Offshore (1.9%), Alok Industries (1.19%), A I A Engineering (1.07%), A2Z Maintenance & Engineering Services (0.99%) and Core Projects and Technologies (0.63%).

§  Major losers among small caps were Adhunik Metaliks (4.09%), A K Capital Services (2.54%), Action Construction Equipment (1.61%), A B G Infralogistics (0.17%) and Abhishek Industries (0.07%).

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