April 6, 2011: Sales Traders Commentary § Edelweiss,

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Sales Traders Commentary

§  On Tuesday, equity benchmarks closed on an extremely volatile and flat note. Indices recovered smartly in the last one hour of trade and importantly the Nifty closed above 5900. Buying was seen in consumer durables, metal, realty and IT stocks; some profit booking was also seen in oil & gas and FMCG companies.    

§  The Sensex closed at 19686, down 15 points, while the Nifty gained 02 points at 5910.

§  Major gainers were Sterlite Industries (India) (2.83%), Reliance Communications (2.79%), Tata Consultancy Services (2.30%), Tata Motors (2.04%), Hero Honda Motors (1.66%), and Bharat Heavy Electricals (1.64%).

§  Major losers were Tata Power Company (1.77%), Mahindra & Mahindra (1.49%), Hindustan Unilever (1.45%), Larsen & Toubro (1.34%), Housing Development Finance Corporation (1.03%), and Bajaj Auto (1.02%).

§  The Consumer Durables index was up 1.58%. Major gainers were Bajaj Electricals (4.28%), Gitanjali Gems (3.23%), Titan Industries (2.63%), Whirlpool of India (2.6%) and Videocon Industries (0.44%).

§  The Metal index soared 1.21%. Major gainers were Bhushan Steel (3.76%), JSW Steel (2.73%), Jindal Saw (1.05%), National Aluminium Company (0.81%) and Jindal Steel & Power (0.45%).

§  The Oil & Gas index dipped 0.46%. Major losers were Indian Oil Corporation (0.9%), Oil India (0.77%), Hindustan Petroleum Corporation (0.63%), Cairn India (0.59%) and Bharat Petroleum Corporation (0.38%).

§  Major gainers in the mid cap space were Alok Industries (11.66%), A2Z Maintenance & Engineering Services (3.92%), A I A Engineering (2%), A B G Shipyard (0.79%) and Alstom Projects India (0.12%).

Major gainers among small caps were Aarti Industries (6.01%), Abhishek Industries (4.95%), INEOS ABS (India) (4.22%), Action Construction Equipment (3.42%) and Adhunik Metaliks (1.45%).

§  Globally, Asian indices ended mixed, while European indices were trading lower.