05 July 2012

Sales Traders Commentary : 5 July: Edelweiss

Sales Traders Commentary
    On Wednesday, the Indian equity market ended a volatile session marginally higher. While metals, realty, consumer durables gained ground, oil & gas, FMCG, healthcare and IT declined.
    While the Sensex closed at 17462, up 37 points, the Nifty jumped 15 points to end the day at 5302.
    Major gainers were Sterlite Industries (India) (5.27%), Jindal Steel & Power (3.37%), Maruti Suzuki India (2.56%), Bharti Airtel (2.19%), State Bank of India (1.85%) and Tata Steel (1.45%).
    Major losers were Oil & Natural Gas Corporation (1.68%), Dr. Reddy`s Laboratories (1.57%), Wipro (1.47%), Hindustan Unilever (0.98%), Coal India (0.79%) and Infosys Technologies (0.66%).
    The Metal index jumped 2.12%. Major gainers were JSW Steel (4.42%), Jindal Steel & Power (3.37%), Hindustan Zinc (3.11%), Bhushan Steel (2.15%) and Hindalco Industries (1.33%).
    The Realty index gained 1.91%. Major gainers were Anant Raj Industries (4.65%), Indiabulls Real Estate (2.38%), D L F (1.73%), D B Realty (0.67%) and Godrej Properties (0.32%).
    The Consumer Durables index was up 0.68%. Major gainers were Blue Star (12.56%), Whirlpool of India (10.18%), T T K Prestige (2.14%), Rajesh Exports (1.43%) and Gitanjali Gems (1.07%).
    The Oil & Gas index slipped 0.56%. Major losers were Hindustan Petroleum Corporation (1.68%), Oil & Natural Gas Corporation (1.68%), Indian Oil Corporation (0.96%), Bharat Petroleum Corporation (0.88%) and Oil India (0.54%).
    Major gainers in the mid–cap space were Amtek Auto (7.13%), Alstom Projects India (2.92%), Aban Offshore (2.81%), Alok Industries (0.84%) and Amara Raja Batteries (0.05%).
    Major gainers among small caps were Action Construction Equipment (3.33%), A2Z Maintenance & Engineering Services (1.64%), Trident (1.2%), Aarti Industries (0.71%) and A B G Infralogistics (0.55%).
    Globally, Asian indices ended on a mixed note, while European indices were trading in the red


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