Sales Traders Commentary :Edelweiss

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Sales Traders Commentary

On Wednesday, the domestic equity market continued to fall for the third day led by metal, PSU, power and oil & gas stocks. The Sensex and Nifty dipped marginally and were trading at one-month low.
The Sensex closed at 17145, down 27 points, while the Nifty slipped 02 points to end the day at 5220.
Major gainers were Wipro (1.97%), H D F C Bank (1.52%), Bajaj Auto (1.13%), D L F (1.09%), Infosys Technologies (1.07%), and I C I C I Bank (0.93%).
Major losers were Sterlite Industries (India) (3.95%), NTPC (2.41%), Reliance Industries (1.94%), Bharti Airtel (1.91%), Bharat Heavy Electricals (1.85%), and Jindal Steel & Power (1.78%).
The Realty index was up 0.90%. Major gainers were Phoenix Mills (1.65%), Housing Development and Infrastructure (1.1%), D L F (1.09%), D B Realty (0.83%) and Sunteck Realty (0.32%).
The IT index jumped 0.78%. Major gainers were Hexaware Technologies (4.81%), H C L Technologies (3.08%), CORE Education and Technologies (1.7%), Infosys (1.07%) and Tech Mahindra (0.58%).
The Metal index slipped 1.51%. Major losers were Hindustan Zinc (3.45%), Jindal Steel & Power (1.78%), Coal India (1.01%), Bhushan Steel (0.68%) and Hindalco Industries (0.34%).
The Oil & Gas index was down 1.51%. Major losers were Hindustan Petroleum Corporation (3.59%), Indian Oil Corporation (2.39%), Bharat Petroleum Corporation (1.36%), Cairn India (1.07%) and G A I L (India) (0.38%).
Major losers in the mid-cap space were Aban Offshore (1.67%), Allcargo Logistics (1.39%), Alstom Projects India (1.24%), A B G Shipyard (0.88%) and Alfa-Laval (India) (0.01%).
Major losers among small caps were Action Construction Equipment (2.8%), A B G Infralogistics (1.92%), Trident (1.56%), A2Z Maintenance & Engineering Services (1.49%) and INEOS ABS (India) (1.47%).
Globally, Asian indices ended on a negative note while European indices were trading in the green