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19 July 2012

Sales Traders Commentary : 19 July: Edelweiss



Sales Traders Commentary
    On Wednesday, the Indian market ended a choppy session on a positive note led by metal and capital goods stocks.
    The Sensex closed at 17185, up 80 points, while the Nifty rose 23 points to end the day at 5216.
    Major gainers were Bajaj Auto (5.32%), Tata Power Company (3.34%), Sesa Goa (2.91%), Jindal Steel & Power (2.71%) and Maruti Suzuki India (2.71%).
    Major losers were Punjab National Bank (2.98%), Tata Motors (1.95%), Bank of Baroda (1.95%), Dr Reddy`s Laboratories (1.91%) and Ranbaxy (1.06%).
    The Metal index was at 10567.63, up 153.98 points or 1.48%. Major gainers were Jindal Steel & Power (2.67%), Coal India (1.41%), Hindalco Industries (0.54%), Bhushan Steel (0.41%) and JSW Steel (0.35%).
    The Capital Goods index was at 9978.36, up 105.38 points or 1.07%. Major gainers were Larsen & Toubro (1.69%), Bharat Heavy Electricals (1.5%), Alstom India (1.43%), A B B (1.03%) and Bharat Electronics (0.18%).
    The Realty index was at 1692.01, up 15.53 points or 0.93%. Major gainers were Indiabulls Real Estate (3.21%), D L F (1.56%), Anant Raj Industries (1.54%), Phoenix Mills (1.5%) and D B Realty (1.32%).
    On the other hand, the Oil & Gas index was at 7984.75, down 17.9 points or 0.22%. Major losers were Hindustan Petroleum Corporation (0.88%), Cairn India (0.73%), Indian Oil Corporation (0.59%), Reliance Industries (0.53%) and G A I L (India) (0.37%).
    Globally, Asian indices ended on a mixed note while European indices were trading firm.


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