4/4/11: Sales Traders Commentary § Edelweiss

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Sales Traders Commentary

§  On Friday, the Indian equity benchmarks snapped their eight-day winning streak, closing the session on a flat note with a negative bias. The Sensex and Nifty were marginally down by 0.13%. Buying was seen in realty, metal, power and capital goods stocks; profit booking was seen at a higher level in financial, oil & gas and IT stocks.

§  The Sensex closed at 19420, down 24 points, while the Nifty slipped 08 points to 5826.

§  Major gainers were Reliance Communications (3.67%), Jaiprakash Associates (3.03%), Bharat Heavy Electricals (2.57%), Hindalco Industries (2.42%), D L F (1.78%), and Mahindra & Mahindra (1.65%).

§  Major losers were NTPC (2.10%), State Bank Of India (1.75%), Reliance Industries (1.19%), Tata Power Company (1.15%), I C I C I Bank (0.90%), and Wipro (0.51%).

§  The Realty index was up 2.60%. Major gainers were Indiabulls Real Estate (6.07%), Mahindra Lifespace Developers (3.71%), Anant Raj Industries (2.7%), D L F (1.78%), and Godrej Properties (1.75%).

§  The Metal index was up 1.15%. Major gainers were JSW Steel (3.68%), Hindalco Industries (2.42%), Bhushan Steel (1.79%), National Aluminium Company (0.63%), and Jindal Steel & Power (0.18%).

§  The Bankex slipped 0.83%. Major losers were Punjab National Bank (3.45%), Bank Of Baroda (2.28%), Kotak Mahindra Bank (1.5%), I C I C I Bank (0.9%), and Federal Bank (0.05%).

§  Major gainers in the mid cap space were Aban Offshore (4.42%), A2Z Maintenance & Engineering Services (3.09%), Alok Industries (2.48%), A B G Shipyard (2.1%), and Core Projects and Technologies (1.47%).

Major gainers among small caps were Abhishek Industries (7.04%), A K Capital Services (3.61%), INEOS ABS (India) (3.27%), A B G Infralogistics (2.81%), and Aarti Industries (0.72%).

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