Sales Traders Commentary: 10 July: Edelweiss

Sales Traders Commentary

The domestic equity market ended lower on Monday tracking weak global markets. Metal, power, auto and capital goods stocks led the decline.

While the Sensex closed at 17391, down 130 points, the Nifty slipped 42 points to end the day at 5275.

Major gainers were Tata Consultancy Services (0.95%), Dr. Reddy`s Laboratories (0.82%) and Hindalco Industries (0.12%).

Major losers were Hero Motocorp (2.62%), Jindal Steel & Power (2.56%), Tata Steel (2.32%), Bajaj Auto (2.30%), Maruti Suzuki India (2.28%) and Tata Power Company (1.98%).

The Metal index was down 1.55%. Major losers were Hindustan Zinc (4.61%), Jindal Steel & Power (2.56%), JSW Steel (1.6%), Bhushan Steel (0.36%) and Coal India (0.24%)

The Power index slipped 1.54%. Major losers were G M R Infrastructure (4.96%), Adani Power (4.75%), Reliance Infrastructure (3.55%), A B B (2.16%) and Bharat Heavy Electricals (1.08%).

The Capital Goods index was down 1.25%. Major losers were BEML (4.28%), A B B (2.16%), Bharat Electronics (1.46%), Alstom Projects India (1.33%) and Bharat Heavy Electricals (1.08%).

The Auto index was down 1.12%. Major losers were Hero Motocorp (2.62%), Bharat Forge (2.5%), Bajaj Auto (2.3%), Cummins India (2.21%) and Ashok Leyland (0.19%).

Major losers in the mid–cap space were Alok Industries (3.01%), Aban Offshore (1.77%), Alstom Projects India (1.33%), CORE Education and Technologies (1.17%) and A B G Shipyard (0.82%).
Major losers among small caps were A2Z Maintenance & Engineering Services (5.06%), Trident (2.87%), Aarti Industries (1.44%), Aanjaneya Lifecare (0.84%) and A B G Infralogistics (0.68%).

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

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