13 March : Sales Traders Commentary :: Edelweiss

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Sales Traders Commentary

Indian equity benchmarks continued to rise for the second day on Monday on the back of stronger-than-expected IIP no.s. Both Sensex and Nifty jumped 0.50% each and the latter closed above 5350 levels. Sustained buying was seen in capital goods, consumer durables, realty, oil&gas financial and metal stocks.

The Sensex closed at 17587, up 84 points, while the Nifty jumped 26 points to end the day at 5359.

Major gainers were State Bank Of India (3.96%), Larsen & Toubro (3.54%), Reliance Industries (3.02%), Bharat Heavy Electricals (2.32%), Hindalco Industries (2.15%), and Bajaj Auto (2.10%).

Major losers were Cipla (1.83%), Mahindra & Mahindra (1.80%), Oil & Natural Gas Corporation (1.70%), Infosys Technologies (1.51%), Housing Development Finance Corporation (1.16%), and Tata Consultancy Services (1.35%).

The Capital Goods index jumped 2.56%. Major gainers were BEML (3.24%), Bharat Heavy Electricals (2.32%), Bharat Electronics (0.64%), Praj Industries (0.32%), and Alstom Projects India (0.26%).

The Consumer Durables index was up 1.90%. Major gainers were Gitanjali Gems (3.53%), Titan Industries (2.89%), Whirlpool Of India (2.61%), Blue Star (2.11%), and   C.Mahendra Exports (0.44%).

The Bankex gained 1.22%. Major gainers were Federal Bank (2.19%), I C I C I Bank (1.63%), Bank Of India (1.42%), Bank Of Baroda (1.32%), and Canara Bank (1.00%).

The IT index slipped 1.06%. Major losers were Financials Tech (3.54%), Infosys (1.51%), TCS (1.35%), Tech Mahindra (0.88%), Oracle Finance (0.83%), and HCL Tech (0.24%).

Major gainers in the mid–cap space were D B Realty (8.02%), Bharat Forge (5.42%), Andhra Bank (5.19%), Apollo Tyres (2.77%), Aurobindo Pharma (2.48%), Dena Bank (3.88%), and Blue Star (1.61%).

Major gainers among small caps were BS Transcomm (9.27%), Adhunik Metal (4.36%), Arss Infra Project (3.86%), Aptech (3.78%), Ajanta Pharma (3.44%), Escorts (2.04%), and Deepak Fert (1.20%).

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