2 April: Sales Traders Commentary :Edelweiss

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Sales Traders Commentary

On Friday, Indian equity markets had a great start for the April series as Nifty opened above the 5,200 mark on its first day, led by strong buying across the sectors that include oil&gas, banks, technology, capital goods, realty, auto and metals stocks and good recovery in the global markets.

The Sensex closed at 17058, up 346 points while Nifty jumped 116 points to end the day at 5295.

Major gainers were Tata Steel (4.04%), Maruti Suzuki India (3.76%), Hindalco Industries (3.73%), I C I C I Bank (3.64%), Reliance Industries (3.23%), and Bharat Heavy Electricals (3.21%).

Major losers were Jindal Steel & Power (0.69%), and Sun Pharmaceutical Industries (0.23%)

The Oil & Gas index was up by 2.82%. Major gainers were Hindustan Petroleum Corporation (6.97%), Indian Oil Corporation (3.08%), Bharat Petroleum Corporation (2.26%), G A I L (India) (1.86%) and Gujarat State Petronet (1.06%).

The Realty index was jumped by 2.61%. Major gainers were D B Realty (4.86%), Housing Development and Infrastructure (4.02%), D L F (1.66%), Anant Raj Industries (1.65%) and Godrej Properties (1.34%).

The Metal index was gained by 2.58%. Major gainers were Bhushan Steel (4.94%), Hindustan Zinc (3.99%), Hindalco Industries (3.73%), Coal India (3.09%) and JSW Steel (1.77%).

The PSU index was up by 2.57%. Major gainers were Bank Of Baroda (2.75%), Bank Of India (2.75%), Andhra Bank (2.14%), Allahabad Bank (1.66%) and Balmer Lawrie & Company (0.64%).

Major gainers in the mid – cap space were Ballarpur Industries (7.69%), Alstom Projects (4.30%), Alok Industries (3.43%), AIA Engineering (2.87%), Aban Offshore (2.68%) and Chennai Petro (1.42%)

Major gainers among Elder Pharma (5.37%), Aarti Industries (4.55%), Ashoka Buildcon (4.55%), Advanta India (2.87%), Ceat (2.85%), Dishman Pharma (1.89%) and Everest Kanto (1.73%)

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