06 September 2012

Sales Traders Commentary -Sept 6 2012-EDEL


Sales Traders Commentary
    On Wednesday, the Indian equity market ended lower on back of weak global cues and selling pressure on higher levels. Both Sensex and Nifty dipped more than 0.6% each. Metal, capital goods, financial, power, and auto stocks led the fall. FMCG and technology stocks managed to outperform the market.
    The Sensex closed at 17313, down 128 points, while the Nifty slipped 48 points to end the day at 5226.
    Major gainers were Bharti Airtel (3.28%), Hindustan Unilever (1.84%), Tata Consultancy Services (1.41%), ITC (0.66%), Oil & Natural Gas Corporation (0.57%), and HDFC Bank (0.36%).
    Major losers were Bharat Heavy Electricals (4.98%), Jindal Steel & Power (4.78%), ICICI Bank (3.56%), Tata Steel (3.42%), Sterlite Industries (India) (3.17%), and Larsen & Toubro (2.89%).
    The FMCG index jumped 0.72%. Major gainers were Hindustan Unilever (1.84%), Tata Global Beverages (1.21%), ITC (0.66%), and United Spirits (0.47%).
    The Metal index slipped 2.64%. Major losers were Jindal Steel & Power (4.78%), JSW Steel (3.33%), Hindalco Industries (2.65%), Hindustan Zinc (1.56%), and Coal India (0.49%).
    The Capital Goods index was down 2.54%. Major losers were Bharat Heavy Electricals (4.98%), Larsen & Toubro (2.89%), Lakshmi Machine Works (2.49%), Bharat Electronics (2.28%), and A B B (1.16%).
    The Bankex was down 1.82%. Major losers were ICICI Bank (3.56%), Bank Of Baroda (2.68%), Bank Of India (2.59%), Canara Bank (0.8%), and Federal Bank (0.69%).
    Major losers in the mid-cap space were Amtek Auto (1.96%), Aban Offshore (1.83%), Anant Raj Industries (0.92%), Amara Raja Batteries (0.8%), and CORE Education and Technologies (0.43%).
    Major losers among small caps were Styrolution ABS (India) (5.45%), Aarti Industries (4.87%), A2Z Maintenance & Engineering Services (3.98%), Action Construction Equipment (2.66%), and A B G Infralogistics (1.57%).
    Globally, Asia ended on a lower note while Europe indices were trading mixed

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