April 1, 2011: Sales Traders Commentary § Edelweiss,

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Sales Traders Commentary

§  On Tuesday, the Dalal Street was under full force of the bulls for the eighth consecutive day until the expiry session, supported by strong inflow of funds from foreign institutional investors. Indian equity benchmarks recouped losses in the March series and rallied more than 10%. Buying happened in IT, FMCG, oil & gas, metal and realty stocks, and profit booking was seen financial and healthcare stocks.

§  The Sensex closed at 19445, up 155 points, while the Nifty gained 51 points to 5833.

§  Major gainers were Bajaj Auto (2.90%), Oil & Natural Gas Corporation (2.76%), Tata Consultancy Services (2.71%), Hindustan Unilever (2.50%), Hero Honda Motors (2.23%), and NTPC (2.14%).

§  Major losers were State Bank Of India (3.19%), Cipla (2.01%), Reliance Communications (2.00%), Mahindra & Mahindra (1.61%), Maruti Suzuki India (0.95%), and Bharti Airtel (0.61%)

§  The IT index was up 1.92%. Major gainers were Tata Consultancy Services (2.71%), Infosys Technologies (2.1%), H C L Technologies (0.2%), Oracle Financial Services Software (0.16%), and Tech Mahindra (0.06%).

§  The FMCG index was up 1.67%. Major gainers were Hindustan Unilever (2.5%), I T C (2.11%), Godrej Consumer Products (1.35%), United Breweries (0.54%), and Dabur India (0.52%).

§  The Oil & Gas index was up 1.44%. Major gainers were Oil India (2.9%), Cairn India (1.14%), G A I L (India) (0.82%), Bharat Petroleum Corporation (0.09%), and Hindustan Petroleum Corporation (0.04%).

§  The Bankex slipped 0.7%. Major losers were Indusind Bank (4.87%), IDBI Bank (2.3%), Federal Bank (0.52%), Kotak Mahindra Bank (0.4%), and Bank Of India (0.16%).

§  Major gainers in the mid cap space were Allcargo Global Logistics (4.2%), Amtek Auto (1.86%), Anant Raj Industries (1.34%), Alfa-Laval (India) (1.18%), and Alstom Projects India (0.15%).

§  Major gainers among small caps were Provogue (India) (3.96%), Genesys International Corporation (3.87%), Aegis Logistics (0.47%), Aarti Industries (0.41%), and Ador Welding (0.18%).

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