28 September 2012

Sales Traders Commentary - September 28, 2012-EDEL


Sales Traders Commentary
    On Thursday, the upmove in ITC, L&T and SBI counterbalanced the weakness in oil & gas, technology and private banking stocks. The Sensex closed at  18579.50, down 0.28%. The Nifty ended down 0.25% at 5649.50.
    Gainers were Tata Power Company (2.63%), Larsen & Toubro (2.09%), HCL Tech (1.96%), Hindustan Unilever (1.72%) and DLF (1.35%). Losers were Steel Authority of India (3.81%), Sesa Goa (3.38%) Sterlite Industries (3.13%), Cairn India (2.20%) and ONGC (2.13%).
    The Oil & Gas index was at 8558.85, down 162.49 points or 1.86%. Major losers were Cairn India (2.11%), Hindustan Petroleum Corporation (1.7%), Bharat Petroleum Corporation (0.88%), G A I L (India) (0.52%) and Gujarat State Petronet (0.25%).
    The IT index was at 5898.43, down 56.86 points or 0.95%. Major losers were CORE Education and Technologies (2.4%), Infosys (1.26%), Mphasis (0.53%), Oracle Financial Services Software (0.47%) and Hexaware Technologies (0.25%).
    The TECk index was at 3391.33, down 26.79 points or 0.78%. Major losers were Bharti Airtel (1.6%), G T L Infrastructure (1.09%), Mphasis (0.53%), Oracle Financial Services Software (0.47%) and HT Media (0.43%).
    On the other hand, the FMCG index was at 5430.55, up 81.50 points or 1.52%. Major gainers were Jubilant FoodWorks (1.75%), Hindustan Unilever (1.71%), Godrej Consumer Products (1.35%), I T C (1.18%) and Colgate-Palmolive (India) (0.26%).
    Globally, Asia ended on a mute note while Europe was trading up.

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