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14 September 2012

Sales Traders Commentary : 14 Sept:Edelweiss, pdf LINK


Sales Traders Commentary
    The Indian equity markets settled marginally higher on Thursday ahead of the Federal Reserve policy meeting that may include an announcement of further stimulus measures. FMCG, oil & gas and PSU stocks led the rise while mid and small-caps underperformed the benchmark indices
    The Sensex closed at 18021, up 21 points while the Nifty jumped 5 points up to end the day at 5436.
    Major gainers were Hero Motocorp (1.87%), Bharat Heavy Electricals (1.57%), Hindustan Unilever (1.18%), Oil & Natural Gas Corporation (1.16%), Bajaj Auto (1.15%), and ICICI Bank (1.02%).
    Major losers were Bharti Airtel (2.85%), Cipla (2.44%), Tata Motors (1.41%), Jindal Steel & Power (1.27%), Mahindra & Mahindra (0.95%), and Sterlite Industries (India) (0.94%)
    The FMCG index was up by 0.58%. Major gainers were United Breweries (12.07%), Hindustan Unilever (1.18%), Colgate-Palmolive (India) (1.17%), Godrej Consumer Products (0.27%) and I T C (0.22%).
    The PSU index was up by 0.55%. Major gainers were Container Corporation Of India (2.55%), Bharat Petroleum Corporation (1.9%), Bharat Heavy Electricals (1.57%), Coal India (0.94%) and Corporation Bank (0.05%).
    The HC index was down by 1.15%. Major losers were Biocon (2.96%), Cipla (2.44%), Cadila Healthcare (1.92%), Divis Laboratories (1.73%) and Aurobindo Pharma (0.73%).
    Major losers in the mid – cap space were Alok Industries (4.78%), Alstom India (1.65%), Aban Offshore (1.35%), Allcargo Logistics (1.14%) and CORE Education and Technologies (0.8%).
    Major losers among small - cap were Action Construction Equipment (3.12%), Styrolution ABS (India) (2.69%), A B G Infralogistics (2.56%), Aanjaneya Lifecare (2.24%) and A2Z Maintenance & Engineering Services (1.74%).
    Globally, Asia ended on a mixed note while European indices were trading in the red.

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