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05 January 2011

Sales Traders Commentary: Edelweiss, Jan 5, 2011

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Sales Traders Commentary
§  On Tuesday, the benchmark Nifty snapped its four-day winning streak and closed the range-bound session with moderate losses; it saw consolidation around the 6150 level. Financials, telecom, capital goods, auto, and realty stocks witnessed sell-offs.
§  The Sensex closed at 20498, down 62 points, while the Nifty dipped 11 points at 6146.
§  Major gainers were Hindustan Unilever (2.54%), Reliance Industries (2.12%), ITC (1.78%), Reliance Infrastructure (1.70%), Cipla (1.64%), and Jindal Steel & Power (1.12%).
§  Major losers were ICICI Bank (3.45%), Bajaj Auto (3.12%), State Bank of India (3.09%), Reliance Communications (2.50%), HDFC Bank (1.97%), and Tata Consultancy Services (1.36%).
§  The FMCG index was up 1.70%. Major gainers were Hindustan Unilever (2.54%), Godrej Consumer Products (2.13%), Dabur India (2.04%), ITC (1.78%) and Colgate-Palmolive (India) (0.07%).
§  The Bankex dipped 2.48%. Major losers were Bank of India(2.8%), Federal Bank (2.73%), Canara Bank (2.12%), HDFC Bank (1.97%), and Bank of Baroda (1.58%).
§  The Realty index was  down 1.12%. Major losers were Indiabulls Real Estate (2.44%), DLF (1.35%), Ackruti City (0.54%), Mahindra Lifespace Developers (0.29%), and Anant Raj Industries (0.05%).
§  The Consumer Durables index fell 0.59%. Major losers were Whirlpool of India (3.19%), Bajaj Electricals (1.35%), Titan Industries (0.67%), Blue Star (0.6%), and Rajesh Exports (0.53%).
§  Major losers amongst mid caps were Allahabad Bank (3.71%), AIA Engineering (1.05%), Core Projects and Technologies (0.84%), Ackruti City (0.54%), and Allcargo Global Logistics (0.24%).
§  Major losers in small caps were Aarti Industries (3.11%), ABG Infralogistics (1.73%), Provogue (India) (1.18%), A K Capital Services (0.67%), and INEOS ABS (India) (0.05%).
§  Globally, while Asian indices ended positive, Europe indices were trading higher.

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