23 July 2012

Sales Traders Commentary : 22 July: Edelweiss



Sales Traders Commentary
On Friday, the Indian equity market ended on a lower note on back of weak European markets and selling pressure on higher levels. Both Sensex and Nifty dipped 0.70% each. Selling pressure was seen in banking, capital goods, realty, power and oil&gas stocks.
While the Sensex closed at 17158, down 120 points, Nifty slipped 37 points to end the day at 5205.
Major gainers were Bajaj Auto (2.67%), Maruti Suzuki India (2.43%), Tata Consultancy Services (1.86%), Coal India (0.38%), Tata Steel (0.28%) and Jindal Steel & Power (0.26%).
Major losers were Dr Reddy`s Laboratories (2.68%), Bharat Heavy Electricals (2.47%), I C I C I Bank (1.58%), Cipla (1.52%), Wipro (1.47%) and Housing Development Finance Corporation (1.38%).
The Auto index jumped 0.27%. Major gainers were Bajaj Auto (2.67%), Maruti Suzuki India (2.43%), Exide Industries (1.61%), Bharat Forge (0.1%) and Cummins India (0.01%).
The Bankex slipped 1.28%. Major losers were Federal Bank (2.64%), H D F C Bank (1.04%), Bank of India (0.52%), Canara Bank (0.51%) and Bank of Baroda (0.06%).
The Capital Goods index was down 1.14%. Major losers were Alstom India (1.51%), Bharat Electronics (1.15%), A B B (0.81%), BEML (0.19%) and A I A Engineering (0.14%).
The Realty index was down 0.99%. Major losers were Anant Raj Industries (2.77%), D B Realty (2.39%), Housing Development and Infrastructure (2.27%), Indiabulls Real Estate (2.1%) and D L F (1.16%).
Major losers in the mid–cap space were Alstom India(1.51%), Allcargo Logistics (1.02%), Aban Offshore (0.89%), CORE Education and Technologies (0.31%) and A I A Engineering (0.14%)
Major losers among small caps were A2Z Maintenance & Engineering Services (2.03%), Styrolution ABS (India) (1.27%), Aanjaneya Lifecare (1.2%), Aarti Industries (1.15%) and Trident (0.53%).
Globally, Asian indices ended on a mixed note while European indices were trading lower.


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