Sales Traders Commentary : 21 March: Edelweiss

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Sales Traders Commentary

Indian equity benchmarks snapped their three-day losing streak and closed with moderate gains on Tuesday. Both Sensex and Nifty gained marginally by 0.25% each despite weak global markets. Buying was seen in consumer durables, realty, FMCG, healthcare and oil&gas stocks.  

The Sensex closed at 17316, up 42 points, while the Nifty jumped 17 points to end the day at 5274.

Major gainers were Sun Pharmaceutical Industries (2.69%), H D F C Bank (2.08%), Jindal Steel & Power (1.51%), D L F (1.37%), Cipla (1.30%), and Tata Steel (1.29%).

Major losers were Tata Motors (4.21%), Coal India (2.31%), Hindalco Industries (1.74%), Bajaj Auto (1.24%), Bharti Airtel (0.71%), and Hero Honda Motors (0.50%).

The Consumer Durables index was up 2.35%. Major gainers were T T K Prestige (5.19%), Titan Industries (3.64%), Blue Star (0.97%), Bajaj Electricals (0.95%) and Whirlpool of India (0.41%).

The Realty index jumped 1.44%. Major gainers were Housing Development and Infrastructure (2.51%), D L F (1.37%), Oberoi Realty (1.01%), Parsvnath Developers (0.17%) and Sunteck Realty (0.13%).

The FMCG index gained 1.04%. Major gainers were Godrej Consumer Products (4.15%), I T C (1.29%), Dabur India (0.96%), Colgate-Palmolive (India) (0.87%) and Hindustan Unilever (0.34%).

The Auto index was down 1.5%. Major losers were Tata Motors (4.21%), Bajaj Auto (1.24%), Hero Motocorp (0.5%), Mahindra & Mahindra (0.46%) and Maruti Suzuki India (0.37%).

Major gainers in the mid–cap space were Alstom Projects India (2.36%), CORE Education and Technologies (1.72%), Aban Offshore (0.53%), A I A Engineering (0.29%) and Alfa-Laval (India) (0.09%).

Major losers among small caps were Aanjaneya Lifecare (5.15%), A B G Infralogistics (5%), Action Construction Equipment (2.13%), Trident (1.68%) and A2Z Maintenance & Engineering Services (0.13%).

Globally, Asian indices ended on a mixed note while European indices were trading in the red.