30 March: Sales Traders Commentary:: Edelweiss

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Sales Traders Commentary

On Tuesday, Indian equity markets ended on a lower note amid weak global cues and volatility due to March expiry. Both Sensex and Nifty dipped marginally by 0.30% each, with Nifty closing below 5200 levels. Sustained selling was seen in capital goods, IT, FMCG, financials and PSU stocks.
The Sensex closed at 17058, down 63 points while Nifty slipped 16 points to end the day at 5179.
Major gainers were Jindal Steel & Power (4.42%), Tata Power Company (2.99%), Hero Honda Motors (1.55%), Wipro (1.17%), Oil & Natural Gas Corporation (1.14%), and Bajaj Auto (1.11%).
Major losers were Larsen & Toubro (2.09%), Infosys Technologies (1.78%), Tata Consultancy Services (1.71%), Bharti Airtel (1.60%), Bharat Heavy Electricals (1.35%), and Hindustan Unilever (0.95%).
The HC index jumped 0.92%. Major gainers were Apollo Hospitals Enterprise (2.81%), Cadila Healthcare (2.26%), Aurobindo Pharma (1%), Dr Reddy`S Laboratories (0.37%), and Divis Laboratories (0.13%).
The Consumer Durables index gained 0.88%. Major gainers were C.Mahendra Exports (6.85%), Rajesh Exports (2.41%), Whirlpool Of India (2.1%), Titan Industries (1.76%), and Blue Star (0.54%).
The Capital Goods index slipped 1.61%. Major losers were BEML (2.12%), Alstom Projects India (1.91%), Bharat Heavy Electricals (1.35%), A I A Engineering (1.34%), and Bharat Electronics (1.29%).
The IT index was down 1.17%. Major losers were Mphasis (2.59%), Infosys (1.78%), and Tata Consultancy Services (1.71%).
Major gainers in the mid–cap space were CORE Education and Technologies (1.72%), Aban Offshore (1.05%), Allcargo Logistics (0.59%), Amtek Auto (0.3%), and Amara Raja Batteries (0.07%).
Major gainers among small caps were Aanjaneya Lifecare (1.67%), A B G Infralogistics (1.44%), Aarti Industries (1.12%), A2Z Maintenance & Engineering Services (0.9%), and Trident (0.2%).
Globally, Asian indices ended on a negative note, while European indices were trading in the red.