15 March: Sales Traders Commentary ::Edelweiss

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Sales Traders Commentary

On Wednesday, Indian equity markets closed higher for the fourth consecutive session tracking positive global cues and in anticipation of the RBI monetary policy review tomorrow. Both Sensex and Nifty gained more than 0.50% each. Sustained buying was seen in financials, capital goods, PSU, power and FMCG stocks, which gained more than 1% each.
The Sensex closed at 17919, up 106 points, while the Nifty jumped 34 points to end the day at 5463.
Major gainers were NTPC (2.63%), I C I C I Bank (2.61%), Larsen & Toubro (2.47%), Oil & Natural Gas Corporation (2.21%), Tata Motors (2.19%), and Hindalco Industries (2.02%).
Major losers were Tata Consultancy Services (3.56%), Wipro (1.41%), Tata Steel (1.10%), Jindal Steel & Power (1.06%), Bajaj Auto (0.93%), and D L F (0.92%).
The Bankex was up 1.83%. Major gainers were Bank Of India (5.21%), Bank Of Baroda (2.97%), Canara Bank (1.88%), Federal Bank (0.68%), and H D F C Bank (0.43%).
The Capital Goods index jumped 1.60%. Major gainers were A B B (1.72%), Bharat Electronics (1.51%), A I A Engineering (0.93%), BEML (0.9%), and Alstom Projects India (0.26%).
The PSU index gained 1.38%. Major gainers were Bank Of India (5.21%), Bank Of Baroda (2.97%), Bank Of Maharashtra (0.75%), Andhra Bank (0.59%), and Allahabad Bank (0.1%).
The Realty index was down 0.96%. Major losers were Housing Development and Infrastructure (4.77%), Sunteck Realty (2.05%), Sobha Developers (1.85%), D L F (0.92%), and Unitech (0.8%).
Major gainers in the mid–cap space were Allcargo Logistics (4%), A B G Shipyard (1.63%), A I A Engineering (0.93%), Alstom Projects India (0.26%), and Alfa-Laval (India) (0.03%).
Major losers among small caps were A B G Infralogistics (3.46%), Adhunik Metaliks (2.96%), Reliance MediaWorks (2.33%), A2Z Maintenance & Engineering Services (1.08%), and Action Construction Equipment (1.02%).
Globally, Asian indices ended on a mixed note while European indices were trading in the green.