Sales Traders Commentary :26 April: Edelweiss

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Sales Traders Commentary

Benchmark share indices ended lower on Wednesday amidst a report by Standard & Poor which lowered India’s credit rating to negative from stable. The report states that investment and economic growth has slowed down, current account deficit has widened and expects government to face headwinds in implementing policy measures.
The Sensex closed at  17151.29, down 0.33%. The Nifty ended down 0.40% at 5202.
Gainers were Hero Honda Motors (2.34%), Sterlite Industries (India) (2.22%), Sesa Goa (2.08%), Maruti Suzuki India (1.76%) and Bharti Airtel (1.71%).  
Losers were Wipro (6.99%), Reliance Power (3.95%), GAIL (India) (3.43%), Siemens (2.64%) and IDFC (2.62%).
The Capital Goods index was at 9297.16, down 172.27 points or 1.82%. Major losers were Bharat Heavy Electricals (2.57%), Larsen & Toubro (2.17%), A B B (1.68%), BEML (0.18%) and A I A Engineering (0.13%).
The Realty index was at 1684.06, down 30.51 points or 1.78%. Major losers were D B Realty (4.66%), Housing Development and Infrastructure (2.31%), Godrej Properties (1.29%), D L F (1.29%) and Anant Raj Industries (0.27%).
The Consumer Durables index was at 6510.47, down 113.3 points or 1.71%. Major losers were Titan Industries (3.12%), Gitanjali Gems (2.04%), C.Mahendra Exports (1.35%), T T K Prestige (0.81%) and Whirlpool Of India (0.71%).
The Power index was at 2013.80, down 32.6 points or 1.59%. Major losers were GVK Power & Infrastructure (3.3%), Bharat Heavy Electricals (2.57%), Reliance Infrastructure (2.48%), Adani Power (1.73%) and A B B (1.68%).
Globally, Asia ended on a mute note while Europe was trading up.