12 June 2012

Sales Traders Commentary : 12 June: Edelweiss


Sales Traders Commentary
On Monday, the domestic equity market settled flat with negative bias following sudden news of possibility of downgrade in India’s investment grade rating by S&P. Both Sensex and Nifty dipped 0.30% each. Selling was seen in capital goods, healthcare, realty, oil&gas and financial stocks.
While the Sensex closed at 16668, down 51 points, the Nifty slipped 15 points to end the day at 5054.
Major gainers were Tata Power Company (2.18%), Bajaj Auto (1.85%), Hindustan Unilever (1.58%), G A I L (India) (1.55%), Coal India (1.44%), and Sterlite Industries (India) (0.84%).
Major losers were Cipla (2.25%), Bharat Heavy Electricals (2.21%), Larsen & Toubro (1.99%), Jindal Steel & Power (1.93%), Tata Motors (1.40%), and Hero Motocorp (1.36%).
The Consumer Durables index jumped 0.99%. Major gainers were Titan Industries (0.99%), T T K Prestige (0.68%), Whirlpool Of India (0.44%), Rajesh Exports (0.39%) and Blue Star (0.18%).
The Capital Goods index slipped 1.64%. Major losers were BEML (2.52%), A I A Engineering (1.88%), Bharat Electronics (1.67%), Alstom Projects India (1.52%) and A B B (0.47%).
The HC index was down 1.34%. Major losers were Cipla (2.25%), Divis Laboratories (1.87%), Apollo Hospitals Enterprise (0.95%), Cadila Healthcare (0.86%) and Biocon (0.37%).
The Realty index was down 1.02%. Major losers were Prestige Estates Projects (5.77%), D B Realty (4.24%), Indiabulls Real Estate (2.84%), D L F (1.58%) and Godrej Properties (0.61%).
Major losers in the mid–cap space were A I A Engineering (1.88%), Alstom Projects India (1.52%), Aban Offshore (1.25%), A B G Shipyard (0.96%) and CORE Education and Technologies (0.73%).
Major gainers among small caps were Adhunik Metaliks (1.46%), Reliance MediaWorks (1.01%), Aanjaneya Lifecare (0.94%), Action Construction Equipment (0.52%) and A2Z Maintenance & Engineering Services (0.19%).
Globally, Asian indices ended on a higher note while European indices were trading in the green



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