31 May: Sales Traders Commentary :Edelweiss

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Sales Traders Commentary

On Wednesday, the Indian equity market settled on a lower note amid volatility due to weak global markets. Both Sensex and Nifty dipped 0.75% each. Auto, consumer durables, realty, financial and capital goods stocks led the decline. 

The Sensex closed at 16312, down 126 points, while the Nifty slipped 39 points to end the day at 4950.

Major gainers were Sun Pharmaceutical Industries (2.76%), Maruti Suzuki India (2.12%), Tata Power Company (1.51%), Hindustan Unilever (1.10%), Infosys Technologies (0.64%), and Reliance Industries (0.63%).

Major losers were Tata Motors (11.80%), Bharat Heavy Electricals (3.05%), I C I C I Bank (2.62%), D L F (2.53%), Sterlite Industries (India) (2.06%), and G A I L (India) (1.76%).

The IT index jumped 0.38%. Major gainers were Tech Mahindra (3.8%), CORE Education and Technologies (0.77%), Infosys (0.64%), H C L Technologies (0.64%) and Wipro (0.61%).

The Auto index slipped 3.97%. Major losers were Apollo Tyres (3.37%), Exide Industries (2.91%), Ashok Leyland (2.79%), Bajaj Auto (0.74%) and Bharat Forge (0.38%).

The Consumer Durables index was down 2.25%. Major losers were Bajaj Electricals (5.36%), Titan Industries (3.17%), Whirlpool of India (1.75%), Gitanjali Gems (0.58%) and Rajesh Exports (0.28%).

The Realty index was down 2.18%. Major losers were D B Realty (2.84%), D L F (2.53%), Housing Development and Infrastructure (2.39%), Anant Raj Industries (0.64%) and Sunteck Realty (0.56%).

Major losers in the mid–cap space were Aban Offshore (3.09%), Alstom Projects India (2.53%), Allcargo Logistics (1.53%), A B G Shipyard (0.97%) and A I A Engineering (0.77%).

Major losers among small caps were Styrolution ABS (India) (4.24%), Aanjaneya Lifecare (2.67%), A2Z Maintenance & Engineering Services (1.87%), Trident (1.42%) and Aarti Industries (0.61%).

Globally, Asian indices ended on a lower note while European indices’ sentiments were weak.