26 July 2012

Sales Traders Commentary - July 26, 2012-EDEL



Sales Traders Commentary
    The Indian equity market settled lower on Wednesday amid weak global cues. Both Sensex and Nifty dipped marginally, down 0.40% each. Metal, consumer durables, power and auto stocks led the decline.
    While the Sensex closed at 16846, down 72 points, the Nifty slipped 19 points to end the day at 5109.
    Major gainers were I T C (1.70%), G A I L (India) (0.53%), H D F C Bank (0.29%), Tata Consultancy Services (0.17%), Cipla (0.11%) and Housing Development Finance Corporation (0.08%).
    Major losers were Jindal Steel & Power (4.10%), Bharti Airtel (2.61%), Hindustan Unilever (2.43%), Tata Steel (2.41%), Hindalco Industries (2.22%) and Wipro (2.01%).
    The FMCG index jumped 0.41%. Major gainers were United Breweries (8.44%), I T C (1.7%) and United Spirits (0.32%).
    The Metal index was down 2.03%. Major losers were Jindal Steel & Power (4.1%), Hindalco Industries (2.22%), Coal India (1.43%), Hindustan Zinc (0.43%) and Bhushan Steel (0.11%).
    The Consumer Durables index slipped 1.7%. Major losers were Titan Industries (3.05%), T T K Prestige (0.99%), Rajesh Exports (0.68%), Videocon Industries (0.59%) and C.Mahendra Exports (0.05%).
    The Power index was down 1.41%. Major losers were Reliance Infrastructure (3.27%), Crompton Greaves (3%), G M R Infrastructure (2.29%), Adani Power (1.33%) and Bharat Heavy Electricals (0.44%).
    Major losers in the mid–cap space were Aban Offshore (2.8%), CORE Education and Technologies (1.87%), A I A Engineering (1.8%), Alstom India (1.2%) and Alok Industries (0.59%).
    Major losers among small caps were A2Z Maintenance & Engineering Services (3.43%), A B G Infralogistics (1.99%), Action Construction Equipment (1.59%), Aanjaneya Lifecare (1.47%) and Aarti Industries (1.35%).
    Globally, Asian indices ended on a lower note while European indices were trading positive


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