Edelweiss -Sales Traders Commentary- March 4, 2011

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Sales Traders Commentary

§  On Thursday, equity benchmarks closed an extremely volatile session on a flat note, led by recovery in Capital Goods, Auto, Consumer Durables, Realty and Power stocks; profit booking was seen in Metal, Oil&Gas and IT stocks.

§  The Sensex closed at 18489, up 43 points, while the Nifty gained 14 points at 5536.

§  Major gainers were Jaiprakash Associates (3.31%), BHEL (3.30%), Reliance Communications (3.27%), L&T (3.17%), Tata Power (3.09%).

§  Major losers were Reliance Infra (3.30%), Bharti Airtel (2.12%), Infosys Technologies (2.02%), Tata Steel (1.72%), Sterlite Industries (1.7%), ONGC (1.52%), NTPC (1.3%) and Hindalco (1.11%).

§  The Capital Goods index jumped 2.35%. Major gainers were Punj Lloyd (4.74%), BHEL (3.30%), Havells  India (2.26%), BGR Energy (2.07%), Gammon India (1.66%) and ABB (0.84%).

§  The Auto index rose 1.86%. Major gainers were Exide Industries (4.28%), Apollo Tyres (3.49%), Tata Motors (3.08%), Maruti Suzuki (2.73%), Ashok Leyland (1.83%), Bajaj Auto (1.19%) and Mahindra & Mahindra (1.13%).

§  The Realty index gained 0.38%. Major gainers were Sobha Developers (5.85%), Orbit Corp (5.26%), Ackruti City (3.73%), DB Realty (1.80%) and DLF (0.81%).

§  The Bankex jumped 0.19%. Major gainers were HDFC Bank (2.66%), Axis Bank (1.28%), IDBI Bank (0.87%) and Yes Bank (0.48%).

§  Globally, Asian indices ended positive, while European indices were trading higher.