13 September 2012

Sales Traders Commentary :: 13 Sept: Edelweiss


Sales Traders Commentary
    The Indian equity markets surpassed the 18000 level quite smartly in late trade on Wednesday, for the first time since Feb 23, 2012, on the back of positive global cues. Both Sensex and Nifty gained 0.70% each. Metal, auto, capital goods, IT and realty stocks were gainers.
    The Sensex closed at 18000, up 147 points while the Nifty jumped 41 points up to end the day at 5431.
    Major gainers were Tata Motors (5.29%), Jindal Steel & Power (3.79%), Coal India (2.91%), Larsen & Toubro (2.84%), Tata Steel (2.68%), and Wipro (2.48%).
    Major losers were Cipla (2.73%), NTPC (2.18%), GAIL (India) (1.66%), Bharat Heavy Electricals (1.64%), Hero Motocorp (0.92%), and Sun Pharmaceutical Industries (0.31%)
    The Metal index gained 2.14%. Major gainers were Jindal Steel & Power (3.79%), Coal India (2.91%), Hindustan Zinc (2.84%), Bhushan Steel (0.53%) and Hindalco Industries (0.18%).
    The Auto index was up by 1.26%. Major gainers were Tata Motors (5.29%), Ashok Leyland (3.37%), Bharat Forge (0.89%), Maruti Suzuki India (0.41%) and Bajaj Auto (0.26%).
    The Capital Goods index was up by 1.20%. Major gainers were Punj Lloyd (2.92%), Larsen & Toubro (2.84%), S K F India (2.75%), Jindal Saw (1.51%) and Pipavav Defence and Offshore Engineering Company (0.07%).
    The Power index was down by 0.98%. Major losers were Crompton Greaves (2.42%), Bharat Heavy Electricals (1.64%), Reliance Infrastructure (1.29%), Adani Power (1.05%) and A B B (0.45%).
    Major gainers in the mid  cap space were Apollo Tyres (6.36%), Apollo Hospitals Enterprise (1.79%), Amtek India (0.92%), Allcargo Logistics (0.62%) and CORE Education and Technologies (0.46%).
    Major gainers among small - cap were Advanta India (5.63%), A B G Infralogistics (3.26%), Styrolution ABS (India) (0.76%), Adhunik Metaliks (0.35%) and Trident (0.11%).
    Globally, Asia ended on a higher note while European indices were trading in the green

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