Sales Traders Commentary : 3 July: Edelweiss

Sales Traders Commentary

On Monday, the Indian equity market ended a volatile session on a flat note with negative bias. Both Sensex and Nifty dipped marginally down 0.10% each. Buying was seen in realty, consumer durables, PSU and financials, while FMCG, auto and IT stocks faced selling pressure.  

While the Sensex closed at 17398, down 31 points, the Nifty slipped 01 points to end the day at 5279.

Major gainers were HDFC Bank (1.84%), Bharti Airtel (1.59%), Sterlite Industries (India) (1.56%), Bharat Heavy Electricals (1.31%), Tata Steel (1.29%), and Housing Development Finance Corporation (1.08%).

Major losers were I T C (3.42%), Jindal Steel & Power (2.49%), Hindustan Unilever (1.61%), Tata Motors (1.53%), Tata Consultancy Services (1.36%), and Hero Motocorp (1.30%).

The Realty index was up 2.32%. Major gainers were D L F (3.13%), Indiabulls Real Estate (2.94%), Housing Development and Infrastructure (2.13%), Phoenix Mills (0.82%) and Oberoi Realty (0.29%).

The Consumer Durables index jumped 1.24%. Major gainers were Rajesh Exports (3.29%), Gitanjali Gems (1.34%), Bajaj Electricals (0.41%), Whirlpool Of India (0.18%) and Blue Star (0.03%).

The PSU index gained by 0.74%. Major gainers were BEML (4.35%), Balmer Lawrie & Company (1.03%), Allahabad Bank (0.77%), Bank Of Maharashtra (0.5%) and Bank Of India (0.36%).

The FMCG index was down 2.08%. Major losers were I T C (3.42%), Hindustan Unilever (1.61%), Colgate-Palmolive (India) (1.56%) and Dabur India (0.39%).

Major gainers in the mid–cap space were Alok Industries (1.98%), Aban Offshore (1.61%), ABG Shipyard (1.08%), Allcargo Logistics (0.49%) and CORE Education and Technologies (0.17%).

Major gainers among small caps were A2Z Maintenance & Engineering Services (5.3%), Aarti Industries (3.49%), Trident (2.03%), Action Construction Equipment (1.53%) and A B G Infralogistics (0.65%).

Globally, Asian indices ended on a mixed note, while European indices were trading in the green.

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