1 June: Sales Traders Commentary :Edelweiss

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Sales Traders Commentary

On Thursday, Indian equities ended on a lower note, led by the disappointing GDP figures and weak global markets. Both Sensex and Nifty dipped more than 0.50% each. Auto, financials, consumer durables, capital goods and metal stocks saw immense selling pressures.

The Sensex closed at 16218, down 94 points while the Nifty slipped 26 points to end the day at 4924.

Major gainers were HIndalco Inds (2.06%), NTPC (1.28%), Cipla (1.08%), HDFC Bank (1.06%), Infosys (0.72%), Coal India (0.70%), ONGC (0.42%) and TCS (0.40%)  

Major losers were ICICI Bank (4.0%), Maruti Suzuki (3.86%), Jindal Steel (2.57%), State Bank of India (2.0%), Tata steel (1.80%), Sterlite Inds (1.21%) and Gail India (0.42%)

The Realty index jumped up 1%. Major gainers were Phoenix Mill (4.72%), Unitech (2.88%), Prestige Estate (1.63%), DLF (0.79%) and Parsvnath Dev (0.47%)

The Auto index slipped 1.96%. Major losers were Tata Motors (4.17%),  Maruti Suzuki (3.86%), Hero MotoCorp (0.95%), Mahindra & Mahindra (0.84%) and Bajaj Auto (0.38%)

The Bankex index was down by 0.87%. Major losers were ICICI Bank (4.0%), Axis Bank (3.02%), State Bank of India (2.0%), Indusind Bank (0.81%) and Bank Of Baroda (0.21%)

The Consumer Durables index was down by 0.81%. Major gainer were C.Mahendra Exports (11.15%), TTK Prestige (2.85%), VIP Inds (1.82%) and Rajesh Exports (1.45%),

Major gainers in the mid – cap space were Andhra Bank (4.64%), AIA Engineering (3.87%), Apollo Hosp (2.54%), CESC (1.71%), Bajaj Corp (1.06%) and Hindustan Oil (1.05%)

Major losers among small – caps were Ajanta Pharma (15.64%), 3I Infotech (4.26%), Ceat (3.08%), AP Paper (2.37%), Essel Propack (1.84%) and GTL Infra (1.25%)

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