25 April: Sales Traders Commentary : Edelweiss

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Sales Traders Commentary

On Tuesday, Indian equity market recovered from the day’s low on the back IT stocks attracting buying interest, amid positive global cues. TCS witnessed almost 10% gains on declaring a better than expected Q4FY12 result. Buying was seen in IT, power, metal and FMCG stocks.    

The Sensex closed at 17207, up 111 points while the Nifty jumped up 22 points to end the day at 5222.

Major gainers were Tata Consultancy Services (12.84%), Wipro (4.41%), Tata Power Company (2.54%), Hero Honda Motors (2.30%), Infosys Technologies (1.58%), and Hindalco Industries (1.39%).

Major losers were Larsen & Toubro (2.63%), Bharti Airtel (2.02%), Bajaj Auto (1.54%), D L F (1.46%), G A I L (India) (1.23%), and Jindal Steel & Power (1.05%)

The IT index was up 4.93%. Major gainers were Tata Consultancy Services (12.84%), Hexaware Technologies (4.36%), H C L Technologies (3.02%), Infosys (1.58%) and Tech Mahindra (0.14%).

The TECk index gained 3.34%. Major gainers were Deccan Chronicle Holdings (3.53%), H C L Technologies (3.02%), D B Corp (1.59%), Infosys (1.58%) and Dish TV India (1.28%).

The Power index was up 0.53%. Major gainers were Crompton Greaves (3.57%), Reliance Infrastructure (1.54%), Bharat Heavy Electricals (0.66%), GVK Power & Infrastructure (0.6%) and G M R Infrastructure (0.36%).

The Capital Goods index slipped 1.29%. Major losers were Havells India (2.52%), A I A Engineering (1.44%), BEML (1.18%), A B B (1.07%) and Bharat Electronics (0.46%).

Major losers in the mid – cap space were Allcargo Logistics (1.97%), CORE Education and Technologies (1.58%), A I A Engineering (1.44%), Amtek Auto (0.82%) and A B G Shipyard (0.63%).

Major losers among small - cap were A2Z Maintenance & Engineering Services (2.92%), Aanjaneya Lifecare (2.74%), INEOS ABS (India) (2.46%), Adhunik Metaliks (1.8%) and Reliance MediaWorks (1.29%).

Globally, Asian indices ended on a mixed note while European indices were trading in the green.