17 April : Sales Traders Commentary :Edelweiss

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Sales Traders Commentary

The Indian equity markets closed just 0.3% higher on Monday, with support especially from rate sensitives ahead of RBI's annual monetary policy for FY13 scheduled to be announced on April 17. Buying was seen in auto, financials, capital goods, realty, FMCG and consumer durables stocks.

The Sensex closed at 17150, up 56 points, while the Nifty jumped 19 points to end the day at 5226.

Major gainers were Tata Motors (3.91%), State Bank Of India (2.44%), I T C (2.07%), Larsen & Toubro (1.54%), Maruti Suzuki India (1.41%), and I C I C I Bank (1.02%).

Major losers were Bharti Airtel (1.74%), Infosys Technologies (1.41%), Sun Pharmaceutical Industries (1.20%), Hindustan Unilever (0.68%), Mahindra & Mahindra (0.64%), and Oil & Natural Gas Corporation (0.54%).

The Auto index was up 1.31%. Major gainers were Maruti Suzuki India (1.41%), Apollo Tyres (0.81%), Hero Motocorp (0.4%), Bajaj Auto (0.26%), and Bharat Forge (0.08%).

The Bankex jumped 1.22%. Major gainers were Bank Of India(2.29%), Canara Bank (1.86%), I C I C I Bank (1.02%), Federal Bank (0.81%), and  Bank of Baroda (0.29%).

The capital goods index gained 1.10%. Major gainers were Havell`S India (4.52%), Alstom Projects India (2.81%), Bharat Heavy Electricals (0.87%), Lakshmi Machine Works (0.27%), and A B B (0.07%).

The TECk index was down 0.65%. Major losers were HT Media (3.95%), Idea Cellular (2.07%), Bharti Airtel (1.74%), Infosys (1.41%), and Mahanagar Telephone Nigam (0.18%).

Major gainers in the mid–cap space were Alstom Projects India (2.81%), A B G Shipyard (1.62%), CORE Education and Technologies (1.14%), Allcargo Logistics (0.66%), and Aban Offshore (0.23%).

Major gainers among small caps were INEOS ABS (India) (6.47%), A B G Infralogistics (1.7%), Action Construction Equipment (0.95%), Adhunik Metaliks (0.59%) and A2Z Maintenance & Engineering Services (0.53%).

Globally, Asian indices ended on a negative note while European indices were trading in the green.