08 December 2010

Sales Traders Commentary -Edelweiss, December, 8 2010

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Sales Traders Commentary
§  Equity benchmarks today closed a range-bound session on a flat note. Indices crossed their psychological levels in the opening trade, but could not hold for the rest of the day. Overall, market consolidated for the third consecutive session.
§  Sensex closed at 19934, down 46.67 points and Nifty was at 5976, down 15.7 points.
§  Gainers were Hindalco Industries (2.71%), NTPC (2.41%), Maruti Suzuki India (1.58%), Bajaj Auto (1.28%), Bharti Airtel (1.14%), and Reliance Energy (1.14%).
§  Losers were ICICI Bank (3.42%), DLF (2.64%), State Bank of India (2.57%), Tata Motors (1.72%), Jaiprakash Associates (1.51%), and Tata Consultancy Services (1.21%).
§  The Oil & Gas index was up 0.88%. Major gainers were Petronet LNG (2.75%), GAIL (India) (2.48%), Oil India (1.22%), Oil & Natural Gas Corporation (1.08%), and Cairn India (0.46%).
§  The Metal index was up 0.87%. Major gainers were Hindalco Industries (2.71%), JSW Steel (0.81%), Hindustan Zinc (0.23%), Jindal Steel & Power (0.21%), and National Aluminium Company (0.17%).
§  The HealthCare index was up 0.56%. Major gainers were Glaxo SmithKline Pharmaceuticals (1.53%), Ipca Laboratories (1.01%), Dr Reddy`S Laboratories (0.97%), Glenmark Pharmaceutical (0.8%), and Cipla (0.46%).
§  The Bankex index was down 2.56%. Major losers were Bank of India (3.85%), ICICI Bank (3.42%), Bank of Baroda (2.34%), Federal Bank (1.51%), and HDFC Bank (1.1%).
§  Globally, Asian markets ended flat, while Europe was trading in the green.

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