29 August 2012

Sales Traders Commentary- August 29, 2012-EDEL


Sales Traders Commentary
    On Tuesday, Indian markets closed lower on weak European markets. Both Sensex and Nifty dipped marginally by 0.2% each. Metal stocks plunged the most followed by capital goods, auto and banking while IT and FMCG gained.
    The Sensex closed at 17631, down 47 points whereas the Nifty slipped 16 points to end the day at 5335.
    Major gainers were Tata Consultancy Services (2.24%), Sun Pharmaceutical Industries (1.69%), Tata Power Company (1.55%), Dr Reddy`S Laboratories (1.53%), NTPC (1.48%), and I T C (1.02%).
    Major losers were Sterlite Industries (India) (5.36%), Jindal Steel & Power (4.88%), Hindalco Industries (3.09%), Larsen & Toubro (2.53%), Oil & Natural Gas Corporation (1.91%), and Tata Steel (1.84%)
    The IT index was up by 0.92%. Major gainers were Tata Consultancy Services (2.24%), Hexaware Technologies (1.46%), CORE Education and Technologies (1.07%), Wipro (0.69%) and Infosys (0.53%).
    The Metal index was down by 2.44%. Major losers were Jindal Steel & Power (4.88%), Hindustan Zinc (4.02%), Hindalco Industries (3.09%), Coal India (1.69%) and Bhushan Steel (0.82%).
    The Capital Goods index slipped by 1.66%. Major losers were Alstom India (2.14%), Crompton Greaves (1.89%), Havells India (1.39%), Bharat Heavy Electricals (0.91%) and A B B (0.47%).
    Major losers in the mid – cap space were Alok Industries (18.24%), Allcargo Logistics (2.93%), Alstom India (2.14%), Aban Offshore (1.64%) and A B G Shipyard (1.37%).
    Major losers among small - cap were A2Z Maintenance & Engineering Services (9.67%), Aanjaneya Lifecare (4.52%), A B G Infralogistics (3.86%), Trident (0.56%) and Aarti Industries (0.42%).
    Globally, Asia ended on a mixed note while Europe indices were trading in the red

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