Jan 17: Sales Traders Commentary : Edelweiss,

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Sales Traders Commentary On Monday, the Indian equity market closed flat on the first day of the week it was under pressure in the first half of trade due to weak Asian cues. Sensex and Nifty gained marginally by 0.20% each. Buying was seen in capital goods, IT, auto, FMCG and metal stocks. Sensex closed at 16189, up 35 points. The Nifty jumped 08 points to end the day at 4874. Major gainers were Bharat Heavy Electricals (3.67%), Maruti Suzuki India (2.89%), Sterlite Industries (India) (2.56%), Larsen & Toubro (2.56%), State Bank of India (2.22%), and Tata Motors (2.20%). Major losers were Reliance Industries (2.55%), NTPC (2.35%), H D F C Bank (1.74%), Hindustan Unilever (1.56%), D L F (1.55%), and Sun Pharmaceutical Industries (1.47%). The Capital Goods index was up 2.07%. Major gainers were Alstom Projects India (4%), Bharat Heavy Electricals (3.67%), Larsen & Toubro (2.56%), A B B (1.92%) and BEML (0.18%). The IT index was up 1.80%. Major gainers were Mphasis (2.81%), Infosys (1.88%), H C L Technologies (1.77%), Hexaware Technologies (0.91%) and Tech Mahindra (0.12%). The Oil & Gas index was down 1.71%. Major losers were Indian Oil Corporation (1.24%), Gujarat State Petronet (0.57%), G A I L (India) (0.42%), Hindustan Petroleum Corporation (0.37%) and Bharat Petroleum Corporation (0.29%). Major losers in the mid–cap space were CORE Education and Technologies (0.58%), Alok Industries (0.52%), A I A Engineering (0.35%), Allcargo Logistics (0.04%) and Alfa-Laval (India) (0%). Major gainers among small caps were Adhunik Metaliks (2.49%), Aanjaneya Lifecare (1.81%), Advanta India (1.13%), Aegis Logistics (1.1%) and Trident (0.54%). Globally, while Asian indices ended lower, European indices were trading mixed.