Jan 4: Sales Traders Commentary : Edelweiss,

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Sales Traders Commentary

On Tuesday, the Indian equity market continued its positive uptrend for the second consecutive session in 2012 on back of short covering and positive global cues. The Sensex and Nifty gained 2.70% each and the latter closed above 4750. All sectoral indices closed in the green. Metal, consumer goods, financials, realty, power and PSU stocks were major gainers that led the rally.  

The Sensex closed at 15939, up 422 points. The Nifty jumped 129 points to end the day at 4765.

Major gainers were D L F (6.84%), Tata Steel (6.06%), Jindal Steel & Power (5.67%), Tata Motors (5.50%), Tata Power Company (5.16%), and Larsen & Toubro (5.04%).

Major losers were Mahindra & Mahindra (1.09%) and Hero MotoCorp (0.06%).

The Metal index was up 5.05%. Major gainers were Bhushan Steel (5.75%), Jindal Steel & Power (5.67%), Coal India (4.84%), Hindustan Zinc (3.99%) and Hindalco Industries (2.41%).

The Capital Goods index was up 4.40%. Major gainers were BGR Energy Systems (7.2%), Alstom Projects India (4.3%), Bharat Electronics (3.13%), A B B (1.92%) and BEML (1.69%).

The Bankex was up 4.35%. Major gainers were Bank of India (7.68%), Federal Bank (5.05%), Canara Bank (5.02%), Bank of Baroda (4.7%) and H D F C Bank (2.8%).

The Realty index was up 4.28%. Major gainers were D L F (6.84%), D B Realty (4.94%), Housing Development and Infrastructure (4.35%), Godrej Properties (2.06%) and Sunteck Realty (1.91%).

Major gainers in the mid-cap space were Alstom Projects India (4.3%), Aban Offshore (3.36%), A I A Engineering (1.83%), A2Z Maintenance & Engineering Services (1.3%) and CORE Education and Technologies (0.6%).

Major gainers among small caps were A B G Infralogistics (4.96%), Provogue (India) (3.58%), Trident (1.62%), Aarti Industries (0.85%) and INEOS ABS (India) (0.31%).

Globally, Asian indices ended on a positive note while European indices were trading mixed.