14 June 2012

Sales Traders Commentary : 14 June: Edelweiss



Sales Traders Commentary
On Wednesday, the Indian equity market closed marginally positive in an extremely volatile session. Both Sensex and Nifty gained marginally by 0.10% each. Buying was seen in capital goods, FMCG, healthcare and IT stocks while realty, auto, consumer durables and metal stocks faced selling pressure.

While the Sensex closed at 16880, up 18 points, the Nifty gained 06 points to end the day at 5121.

Major gainers were were Hindustan Unilever (3.03%), Oil & Natural Gas Corporation (2.83%), Larsen & Toubro (2.60%), Sun Pharmaceutical Industries (2.37%), Jindal Steel & Power (1.67%), and I C I C I Bank (1.23%).

Major losers were Maruti Suzuki India (3.38%), NTPC (2.51%), Sterlite Industries (India) (2.31%), Tata Motors (2.10%), Mahindra & Mahindra (1.86%), and Tata Power Company (1.77%).

The Capital Goods index jumped 1.58%. Major gainers were Alstom Projects India (2.21%), Alstom T&D India (1.22%), Bharat Heavy Electricals (0.59%), A B B (0.21%) and Bharat Electronics (0.15%).

The FMCG index gained 1.06%. Major gainers were Dabur India (3.35%), Hindustan Unilever (3.03%), I T C (0.64%), Colgate-Palmolive (India) (0.35%) and Jubilant FoodWorks (0.15%).

The Auto index slipped 1.47%. Major losers were Mahindra & Mahindra (1.86%), Hero Motocorp (1.72%), Bharat Forge (1.31%), Bajaj Auto (0.73%) and Exide Industries (0.34%).

The Realty index was down 1.47%. Major losers were Oberoi Realty (4.15%), Godrej Properties (2.97%), Indiabulls Real Estate (1.2%), D L F (1.14%) and Housing Development and Infrastructure (0.66%).

Major losers in the mid–cap space were A I A Engineering (1.73%), Amara Raja Batteries (1.22%), CORE Education and Technologies (0.57%), Alok Industries (0.54%) and A B G Shipyard (0.11%).

Major gainers among small caps were A2Z Maintenance & Engineering Services (3.26%), Reliance MediaWorks (2.09%), Trident (0.63%), A B G Infralogistics (0.45%) and Genesys International Corporation (0.39%).

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



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