25 Nov: Sales Traders Commentary: Edelweiss

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Sales Traders Commentary

On Thursday, the Indian equity market recovered from the day’s low on back of short covering in late trade; positive European markets pushed the Sensex and Nifty 1% higher. Buying was seen in auto, capital goods, IT, healthcare, realty and power stocks.  

The Sensex closed at 15858, up 159 points, while the Nifty jumped 50 points to end the day at 4756.

Major gainers were Bharti Airtel (3.65%), Maruti Suzuki India (3.55%), Oil & Natural Gas Corporation (2.90%), Bharat Heavy Electricals (2.85%), Tata Motors (2.76%), and Larsen & Toubro (2.76%).

Major losers were Hero MotoCorp (1.56%), Hindalco Industries (1.26%), Sterlite Industries (India) (0.67%), I T C (0.10%), and State Bank of India (0.06%).

The Auto index was up 2.45%. Major gainers were Apollo Tyres (5.42%), Cummins India (4.57%), Exide Industries (3.06%), Bharat Forge (3.05%) and Bajaj Auto (2.72%).

The Capital Goods index jumped 2.31%. Major gainers were BGR Energy Systems (4.52%), BEML (3.49%), Bharat Electronics (1.37%), Alstom Projects India (1.04%) and A B B (0.24%).

The TECk index was up 1.74%. Major gainers were Mphasis (5.54%), Bharti Airtel (3.65%), Reliance MediaWorks (2.35%), Dish TV India (1.66%) and Idea Cellular (0.74%).

The Consumer Durables index slipped 0.21%. Major losers were C.Mahendra Exports (4.5%), Gitanjali Gems (3.91%), Rajesh Exports (0.81%), Blue Star (0.3%) and Whirlpool of India (0.19%).

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