28 March: Sales Traders Commentary - Edelweiss

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Sales Traders Commentary

On Tuesday, the Indian equity market bounced back snapping earlier losses, helped by global cues. Both Sensex and Nifty gained more than 1.1% each, with Nifty closing at 5200 levels. Sustained buying was seen across sectors except power. Major gainers were consumer durables, FMCG, realty, metal, IT and financials stocks.   

The Sensex closed at 17257, up 205 points while the Nifty jumped 59 points to end the day at 5243.Major gainers were D L F (4.31%), Sterlite Industries (India) (3.56%), Cipla (3.46%), Hindustan Unilever (3.42%), Bharti Airtel (3.00%), and Housing Development Finance Corporation (2.50%). Major losers were Maruti Suzuki India (1.79%), Bharat Heavy Electricals (1.05%), Coal India (0.69%), and Sun Pharmaceutical Industries (0.19%).

The Consumer Durables index gained 2.07%. Major gainers were Titan Industries (3.96%), Rajesh Exports (2.51%), Bajaj Electricals (1.5%), C.Mahendra Exports (1.2%), and Whirlpool Of India (0.57%).The FMCG index was up 1.69%. Major gainers were Hindustan Unilever (3.42%), Colgate-Palmolive (India) (1.73%), I T C (1.58%), Dabur India (0.91%), and Marico (0.58%). The Realty index jumped 1.56%. Major gainers were D L F (4.31%), Phoenix Mills (2.97%), Oberoi Realty (1.59%), Sunteck Realty (1.5%), and Anant Raj Industries (0.17%). The TECH index was up 1.23%. Major gainers were Tata Teleservices (Maharashtra) (4.18%), Dish TV India (3.72%), Bharti Airtel (3%), D B Corp (0.68%) and Oracle Financial Services Software (0.1%).

Major losers in the mid – cap space were Amtek Auto (2.57%), Allcargo Logistics (1.14%), CORE Education and Technologies (1.05%), Andhra Bank (0.58%), and Alok Industries (0.26%).

Major losers among small caps were A B G Infralogistics (2.2%), Action Construction Equipment (1.55%), INEOS ABS (India) (1.04%), Aarti Industries (0.76%), and Trident (0.67%).

Globally, Asian indices ended on a positive note, while European indices also reflected similar sentiments.