Edelweiss: Sales Traders Commentary: 31 Jan 2011

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Sales Traders Commentary

§  On Friday, equity benchmark continued to slip for the third day on weak European and Asian markets. Realty, consumer durables, auto, and capital goods shares faced heavy selling pressure.

§  The Sensex closed at 18396, down 288 points, while the Nifty slipped 92 points to 5512.

§  Major gainers were Oil & Natural Gas Corporation (1.89%), Reliance Energy (1.13%), Hindustan Unilever (0.54%), Bharti Airtel (0.45%), H D F C Bank (0.30%), and I T C (0.30%).

§  Major losers were DLF (7.02%), Mahindra & Mahindra (4.93%), Hero Honda Motors (4.30%), Hindalco Industries (4.27%), Tata Motors (4.07%), and Bharat Heavy Electricals (3.91%).

§  The Realty index dipped 4.96%. Major losers were D L F (7.02%), Ackruti City (6.56%), D B Realty (4.61%), Indiabulls Real Estate (3.3%), and Mahindra Lifespace Developers (1.01%).

§  The Consumer Durables index slipped 3.91%. Major losers were Blue Star (11.44%), Whirlpool of India (5.9%), Gitanjali Gems (4.66%), Rajesh Exports (4.21%), and Bajaj Electricals (0.84%).

§  The Auto index was down 3.56%. Major losers were Amtek Auto (6.47%), Apollo Tyres (4.66%), Ashok Leyland (3.25%), Bajaj Auto (2.52%), and Exide Industries (1.86%).

§  The Capital Goods index dropped 3.06%. Major losers were BGR Energy Systems (7.08%), Alstom Projects India (3.91%), BEML (1.61%), Bharat Electronics (1.34%), and A B B (0.73%).

§  Major losers in the mid cap space were A2Z Maintenance & Engineering Services (5.32%), Core Projects and Technologies (5.09%), Alstom Projects India (3.91%), Aban Offshore (3.63%), and A B G Shipyard (1.18%).