08 June 2012

8 June: Sales Traders Commentary : Edelweiss



Sales Traders Commentary
On Thursday, the Indian equity market continued to surge on rising hope of policy rate cut and positive market sentiments after the PM announced a big push to infrastructure development and positive global cues. Both Sensex and Nifty gained more than 1% each and the latter closed above 5000. Sustained buying was seen in realty, financials, auto, metal and power stocks. While the Sensex closed at 16649, up 195 points, the Nifty jumped 53 points to end the day at 5049.

Major gainers were Sterlite Industries (India) (3.85%), H D F C Bank (3.45%), Maruti Suzuki India (3.14%), D L F (3.11%), I C I C I Bank (2.83%), and Hero Motocorp (2.38%).
Major losers were Wipro (1.88%), Tata Consultancy Services (1.02%), G A I L (India) (1.00%), Hindalco Industries (0.41%), and Cipla (0.13%).

The Realty index jumped 2.19%. Major gainers were Housing Development and Infrastructure (3.46%), D L F (3.11%), D B Realty (2.02%), Oberoi Realty (2%) and Godrej Properties (1.04%).
The Bankex gained 2.11%. Major gainers were H D F C Bank (3.45%), I C I C I Bank (2.83%), Bank of India (1.58%), Federal Bank (0.13%) and Canara Bank (0.01%).

The Metal index was up 1.32%. Major gainers were JSW Steel (3.56%), Jindal Steel & Power (1.91%), Bhushan Steel (1.44%), Coal India (0.98%) and NMDC (0.09%).
The Consumer Durables index was down 0.38%. Major losers were Rajesh Exports (1.52%), Titan Industries (1.21%), Videocon Industries (0.38%), Gitanjali Gems (0.21%) and Whirlpool of India (0.07%).

Major gainers in the mid–cap space were A I A Engineering (1.97%), CORE Education and Technologies (1.71%), Allcargo Logistics (1.53%), Aban Offshore (1.2%) and Alstom Projects India (0.3%).

Major gainers among small caps were A B G Infralogistics (3.11%), Reliance MediaWorks (2.45%), A2Z Maintenance & Engineering Services (1.88%), Aarti Industries (1.74%) and Adhunik Metaliks (0.3%).
Globally, Asian indices ended on a higher note while European indices were trading in the green.




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