21 Nov: Sales Traders Commentary: Edelweiss

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Sales Traders Commentary

Indian equity benchmark Sensex recovered smartly from day's low in late trade, led by short covering on Friday, but sustained its downward spiral for the seventh consecutive session. Both Sensex and Nifty dipped 0.50% each while selling was seen in realty, FMCG, metal, auto and power stocks

The Sensex closed at 16371, down 90 points while Nifty slipped 29 points to end the day at 4905.

Major gainers were Hero Honda Motors (3.05%), Tata Power Company (2.42%), Wipro (1.88%), Sun Pharmaceutical Industries (1.36%), Housing Development Finance Corporation (1.34%), and Larsen & Toubro (0.85%).

Major losers were Bharat Heavy Electricals (3.06%), Tata Motors (2.74%), Mahindra & Mahindra (2.74%), I T C (2.46%), Tata Consultancy Services (2.24%), and Coal India (2.20%)

The HC index gained 0.19%. Major gainers were Cipla (0.77%), Fortis Healthcare (India) (0.56%), Lupin (0.45%), Dr Reddy`S Laboratories (0.25%) and Glaxo SmithKline Pharmaceuticals (0.21%).

The Realty index was down 1.59%. Major losers were D B Realty (6.18%), Anant Raj Industries (4.36%), Indiabulls Real Estate (2.38%), Godrej Properties (1.97%) and Housing Development and Infrastructure (1.08%).

The FMCG index slipped 1.39%; major losers were I T C (2.46%), Marico (1.96%), Nestle India (1.61%) and Colgate-Palmolive (India) (0.82%).

Major losers in the mid–cap space were A I A Engineering (3.65%), Alok Industries (1.88%), Alstom Projects India (1.78%), Aban Offshore (1.67%) and Alfa-Laval (India) (0.65%).

Major losers among small – cap  were Advanta India (7%), Aanjaneya Lifecare (4.15%), Genesys International Corporation (3.76%), Aegis Logistics (2.06%) and Action Construction Equipment (0.47%).  

Globally, Asian indices ended on a lower note while European indices are trading in the red.