16 July 2012

Sales Traders Commentary : Edelweiss: Jul 16, 2012



Sales Traders Commentary
On Friday, the Indian equity market ended on a flat note with negative bias. Both Sensex and Nifty were marginally down by 0.10% each. Consumer durables, realty, metal, power and IT stocks led the decline.
While the Sensex closed at 17213, down 18 points, the Nifty slipped 08 points to end the day at 5227.
Major gainers were Hero Motocorp (1.44%), H D F C Bank (1.21%), Tata Consultancy Services (1.10%), Oil & Natural Gas Corporation (0.92%), Cipla (0.77%), and I T C (0.75%).
Major losers were Jindal Steel & Power (3.24%), Hindalco Industries (2.11%), Tata Power Company (2.08%), State Bank Of India (1.69%), Infosys Technologies (1.65%), and Sterlite Industries (India) (1.34%).
The FMCG index jumped 0.22%. Major gainers were United Spirits (1.18%), Colgate-Palmolive (India) (0.95%) and I T C (0.75%).
The Consumer Durables index was down 1.63%. Major losers were Titan Industries (3.13%), Rajesh Exports (2.37%), C.Mahendra Exports (1.03%), Videocon Ind ustries (0.29%), and Whirlpool Of India (0.25%).
The Realty index slipped 1.37%. Major losers were Housing Development and Infrastructure (2.58%), Anant Raj Industries (2.22%), Indiabulls Real Estate (1.63%), D L F (1.3%), and Godrej Properties (1.15%).
The Metal index was down 1.15%. Major losers were Jindal Steel & Power (3.24%), Hindalco Industries (2.11%), JSW Steel (1.38%), Hindustan Zinc (0.63%), and Coal India (0.18%).
Major losers in the mid–cap space were CORE Education and Technologies (0.68%), Alok Industries (0.57%), AIA Engineering (0.52%), Alstom India (0.31%), and A B G Shipyard (0.19%).
Major losers among small caps were A2Z Maintenance & Engineering Services (3.41%), Trident (1.22%), Aarti Industries (0.97%), Aanjaneya Lifecare (0.74%), and Styrolution ABS (India) (0.62%).
Globally, Asian indices ended on a higher note, while European indices were trading in the green.


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