Sales Traders Commentary : 6 July: Edelweiss

Sales Traders Commentary

On Thursday, the Indian equity benchmark ended a volatile session with some gains on back of positive European market. Both Sensex and Nifty gained 0.40% each. FMCG, banking, capital goods and power stocks gained, while realty, oil&gas and metal stocks declined.

While the Sensex closed at 17538, up 76 points, the Nifty jumped 25 points to end the day at 5327.

Major gainers were Cipla (2.67%), I C I C I Bank (2.04%), Tata Motors (1.61%), I T C (1.58%), Maruti Suzuki India (1.55%) and Bharat Heavy Electricals (1.01%).

Major losers were Oil & Natural Gas Corporation (2.02%), Bajaj Auto (1.78%), Coal India (1.37%), Sterlite Industries (India) (1.04%), Bharti Airtel (0.78%) and Dr. Reddy`s Laboratories (0.75%).

The FMCG index jumped 1.03%. Major gainers were Jubilant FoodWorks (1.66%), I T C (1.58%), Godrej Consumer Products (1%), Dabur India (0.61%) and Hindustan Unilever (0.48%).

The Bankex gained 1.01%. Major gainers were I C I C I Bank (2.04%), Canara Bank (1.6%), H D F C Bank (0.86%), Indusind Bank (0.68%) and Federal Bank (0.6%).

The Capital Goods index was up 0.87%. Major gainers were Alstom Projects India (5.22%), Crompton Greaves (1.94%), BEML (1.11%), Bharat Heavy Electricals (1.01%) and A B B (0.53%).

The Realty index slipped 0.43%. Major losers were Housing Development and Infrastructure (1.35%), D L F (1.15%), Oberoi Realty (0.68%), Godrej Properties (0.41%) and Parsvnath Developers (0.33%).

Major gainers in the mid–cap space were Alstom Projects India (5.22%), Aban Offshore (3.71%), Alok Industries (1.39%), Amara Raja Batteries (1.01%) and Allcargo Logistics (0.8%).

Major gainers among small caps were Styrolution ABS (India) (3.06%), Trident (2.39%), Reliance MediaWorks (0.86%), Aarti Industries (0.26%) and Advanta India (0.05%).

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

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