23 Nov: Sales Traders Commentary: Edelweiss

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Sales Traders Commentary

Indian equity benchmark bounced back snapping the 8-day losing streak on Tuesday. Both Sensex and Nifty gained 0.70% each and the latter closed above 4800 led by IT, metal, auto, healthcare, oil&gas and financial stocks.  

The Sensex closed at 16065, up 120 points, while the Nifty jumped 34 points to end the day at 4812.

Major gainers were Tata Motors (6.91%), Jaiprakash Associates (4.28%), Tata Steel (2.77%), DLF (2.58%), Infosys Technologies (2.33%), and Hindalco Industries (2.27%).

Major losers were Bharti Airtel (2.48%), Tata Power Company (2.29%), ITC (1.61%), Bajaj Auto (1.42%), Hindustan Unilever (1.33%), and Mahindra & Mahindra (1.13%).

The IT index jumped 1.95%. Major gainers were Infosys (2.33%), Tech Mahindra (1.97%), Mphasis (1.56%), HCL Technologies (1.14%) and CORE Education and Technologies (0.86%).

The Metal index gained 1.54%. Major gainers were Hindalco Industries (2.27%), Hindustan Zinc (2.03%), Coal India (1.68%), National Aluminium Company (1.03%) and Bhushan Steel (0.82%).

The Auto index was up 1.08%. Major gainers were Tata Motors (6.91%), Apollo Tyres (2.17%), Maruti Suzuki India (1.83%) and Cummins India (0.01%).

The Consumer Durables index slipped 3.16%. Major losers were Titan Industries (6.53%), Blue Star (2.41%), VIP Industries (2.14%) and TTK Prestige (1.94%).

Major gainers in the mid–cap space were AIA Engineering (5.99%), Allcargo Logistics (5.35%), Aban Offshore (1.99%), CORE Education and Technologies (0.86%) and Alstom Projects India (0.09%).

Major gainers among small caps were Provogue (India) (8.4%), Advanta India (1.15%), Aarti Industries (0.95%), Trident (0.59%) and INEOS ABS (India) (0.25%).

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