28 Nov: Sales Traders Commentary: Edelweiss

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Sales Traders Commentary

Indian equity markets closed lower on the back of weak global sentiments and selling pressures at higher levels. Both Sensex and Nifty dipped 1% each. Selling was seen IT, metal, oil&gas, auto and FMCG stocks which fell more than 1% each.

The Sensex closed at 15695, down 163 points while the Nifty slipped 46 points to end the day at 4710.

Major gainers were Bharat Heavy Electricals (3.45%), Larsen & Toubro (3.40%), D L F (3.24%), State Bank Of India (2.27%), Coal India (1.51%) and H D F C Bank (0.36%).

Major losers were Maruti Suzuki India (3.89%), Hindalco Industries (3.73%), Sterlite Industries (India) (3.29%), Tata Steel (2.82%), Hero Honda Motors (2.70%), and Jindal Steel & Power (2.69%)

The Capital Goods index jumped up 2.64%; major gainers were BEML (4.67%), A B B (4.39%), Bharat Heavy Electricals (3.45%), Crompton Greaves (2.82%) and Bharat Electronics (1.38%).

The Realty index was up by 1.32%. Major gainers were D B Realty (4.28%), D L F (3.24%), Godrej Properties (1.62%), Indiabulls Real Estate (1.53%) and Anant Raj Industries (1.21%).

The IT index was down 2.06%. Major losers were Infosys (2.48%), Tata Consultancy Services (2.41%), Mphasis (1.7%), H C L Technologies (1.61%) and Tech Mahindra (1.53%).

The Metal index slipped by 1.65%. Major losers were Hindalco Industries (3.73%), Jindal Steel & Power (2.69%), Sesa Goa (2.36%), JSW Steel (2.02%) and Bhushan Steel (1.15%).

Major gainers in the mid – cap space were Allcargo Logistics (7.49%), CORE Education and Technologies (5.64%), A I A Engineering (2.64%), Amara Raja Batteries (1.99%) and Anant Raj Industries (1.21%).

Major gainers among small – cap were Aanjaneya Lifecare (9.71%), Aarti Industries (2.24%), Advanta India (2.04%), Provogue (India) (1.49%) and Ahluwalia Contracts (India) (0.21%).

Globally, Asian indices ended on a negative note while European indices are trading with similar sentiments.