Sales Traders Commentary : 13 July: Edelweiss

Sales Traders Commentary

On Thursday, the Indian equity market closed lower on back of weak Infosys Q1FY13 results and FY13 guidance and weak global cues. Sustained selling was seen in IT, consumer durables, capital goods, auto, metal and financial stocks.  

While the Sensex closed at 17232, down 257 points, the Nifty slipped 71 points to end the day at 5235.

Major gainers were Oil & Natural Gas Corporation (1.33%), Hero Motocorp (1.05%), Cipla (0.54%), G A I L (India) (0.45%), Coal India (0.38%), and Hindustan Unilever (0.23%).

Major losers were Infosys Technologies (8.35%), Wipro (4.17%), Bharti Airtel (3.12%), Tata Motors (2.20%), Tata Consultancy Services (2.18%) and Mahindra & Mahindra (2.17%).

The Realty index jumped 0.94%. Major gainers were Indiabulls Real Estate (4.29%), Unitech (3.29%) and Anant Raj Industries (0.9%).

The IT index was down 5.11%. Major losers were Hexaware Technologies (5.01%), H C L Technologies (2.66%), Oracle Financial Services Software (1%), CORE Education and Technologies (0.7%) and Mphasis (0.33%).

The TECk index slipped 4.43%. Major losers were Idea Cellular (3.24%), Bharti Airtel (3.12%), Reliance MediaWorks (3.02%), Dish TV India (2.02%) and Mphasis (0.33%).

The Consumer Durables index was down 1.78%. Major losers were Whirlpool of India (4.98%), Blue Star (2.05%), C.Mahendra Exports (0.34%), Bajaj Electricals (0.13%) and Gitanjali Gems (0.03%).

Major losers in the mid-cap space were Alstom India (1.69%), Alok Industries (1.42%), Aban Offshore (1.37%), CORE Education and Technologies (0.7%) and A B G Shipyard (0.31%).
Major losers among small caps were Adhunik Metaliks (2.46%), Action Construction Equipment (1.33%), A2Z Maintenance & Engineering Services (1.16%), Styrolution ABS (India) (0.37%) and Aarti Industries (0.34%).

Globally, Asian indices ended on a lower note while European indices were trading in the red.

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