Edelweiss, Sales Traders View: 5 April, 2011

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Sales Traders Commentary

§  On Monday, the 50-share NSE Nifty extended gains by trading above the 5900 level on back of support from all major sectors—oil & gas, capital goods, financials, IT, and auto.

§  The Sensex closed at 19702, up 281 points, while the Nifty gained 82.40 points to 5908.

§  Major gainers were Mahindra & Mahindra (4.75%), Jaiprakash Associates (3.25%), Bharat Heavy Electricals (2.84%), H D F C Bank (2.78%), Tata Consultancy Services (2.70%), and Larsen & Toubro (2.37%).

§  Major losers were Reliance Communications (2.24%), Hindustan Unilever (1.62%), Cipla (1.51%), Sterlite Industries (India) (0.37%), Reliance Energy (0.30%), and Housing Development Finance Corporation (0.13%).

§  The Capital Goods index was at 13662.20, up 317.02 points or 2.38%. Major gainers were BGR Energy Systems (7.47%), Alstom Projects India (7.36%), BEML (4.34%), A B B (0.99%) and Bharat Electronics (0.21%).

§  The IT index was at 6659.54, up 142.07 points or 2.18%. Major gainers were H C L Technologies (4.59%), Oracle Financial Services Software (2.7%), Core Projects and Technologies (2.47%), Infosys Technologies (2.04%), and Mphasis (1.5%).

§  The IPO index was at 1804.92, up 37.32 points or 2.11%. Major gainers were Aster Silicates (6.74%), ARSS Infrastructure Projects (3.69%), Adani Power (2.16%), Aqua Logistics (1.87%), and Bajaj Corp (0.52%).

§  The IT index was at 3915.18, up 70.84 points or 1.84%. Major gainers were Oracle Financial Services Software (2.7%), Reliance MediaWorks (2.54%), Dish TV India (2.53%), Mphasis (1.5%) and Bharti Airtel (1.21%).

§  Globally, Asian indices ended in the green, while European indices were trading on a mixed note.