05 June 2012

Sales Traders Commentary : 5 June: Edelweiss



Sales Traders Commentary
On Monday, the Indian equity market ended on a flat note with positive bias, after recovering from the day’s low on back of some bargain hunting and profit taking by shorts. The up move was also supported by mild gains in the rupee. Both Sensex and Nifty gained marginally 0.15% each. Capital goods, realty, oil&gas and auto stocks gained while consumer durables, FMCG, metal and IT stocks traded lower.  

While the Sensex closed at 15988, up 24 points, the Nifty jumped 07 points to end the day at 4848. Major gainers were Larsen & Toubro (3.43%), Oil & Natural Gas Corporation (3.19%), D L F (1.97%), Tata Motors (1.89%), Reliance Industries (1.31%), and Hero Honda Motors (1.16%).  Major losers were G A I L (India) (3.47%), Jindal Steel & Power (2.72%), Tata Power Company (2.49%), Bharti Airtel (2.31%), Sterlite Industries (India) (2.30%) and Hindustan Unilever (1.55%). The Capital Goods index jumped 2.08%. Major gainers were A B B (1.43%), Bharat Electronics (1.16%), Havell`s India (1.04%), Crompton Greaves (0.83%) and Bharat Heavy Electricals (0.17%).

The Consumer Durables index slipped 2.92%. Major losers were Titan Industries (5.21%), Bajaj Electricals (3.11%), Blue Star (2.14%), Videocon Industries (0.53%) and Rajesh Exports (0.15%). The FMCG index was down 1.53%. Major losers were Colgate-Palmolive (India) (3.93%), Godrej Consumer Products (2.35%), Hindustan Unilever (1.55%), I T C (1.54%) and Dabur India (0.73%). The Metal index slipped 0.6%. Major losers were Jindal Steel & Power (2.72%), Sesa Goa (2.15%), Hindalco Industries (0.95%), Hindustan Zinc (0.69%) and Coal India (0.47%). Major losers in the mid–cap space were Aban Offshore (5.08%), Allcargo Logistics (1.65%), Alstom Projects India (0.99%), CORE Education and Technologies (0.7%) and A I A Engineering (0.5%). Major losers among small caps were Aanjaneya Lifecare (3.1%), Trident (1.66%), A B G Infralogistics (0.6%), Action Construction Equipment (0.53%) and Styrolution ABS (India) (0.02%). Globally, Asian indices ended on a lower note while European indices were trading mixed.


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