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24 August 2012

Sales Traders Commentary : 24 Aug: Edelweiss


Sales Traders Commentary
    Indian equity markets settled flat on Thursday. IT, metal, healthcare and FMCG stocks gained while oil & gas, auto, capital goods and power witnessed profit booking.
    The Sensex closed at 17850, up 4 points whereas the Nifty jumped up 3 points to end the day at 5416.
    Major gainers index were Wipro (2.61%), Tata Consultancy Services (2.25%), Infosys (1.73%), Tata Steel (1.53%), Hindustan Unilever (1.45%), and Coal India (0.97%).
    Major losers were Reliance Industries (1.68%), Larsen & Toubro (1.63%), Oil & Natural Gas Corporation (1.59%), Mahindra & Mahindra (1.55%), Bajaj Auto (1.11%), and Tata Motors (1.09%)
    The IT index was up by 1.80%. Major gainers were Tata Consultancy Services (2.25%), Infosys (1.73%), Tech Mahindra (1.18%), H C L Technologies (1.15%) and Hexaware Technologies (0.73%).
    The Oil & Gas index was down by 1.05%. Major losers were Reliance Industries (1.68%), Oil & Natural Gas Corporation (1.59%), Indian Oil Corporation (0.96%), G A I L (India) (0.42%) and Hindustan Petroleum Corporation (0.06%).
    The Auto index was down by 0.83%. Major losers were Bharat Forge (1.31%), Bajaj Auto (1.11%), Ashok Leyland (0.68%), Hero Motocorp (0.17%) and Cummins India (0.09%).
    The Capital Goods index slipped by 0.76%. Major losers were Larsen & Toubro (1.63%), A B B (1.3%), A I A Engineering (0.67%), Havell'S India (0.39%) and Bharat Electronics (0.35%).
    Major losers in the mid – cap space were A B G Shipyard (1.31%), Allcargo Logistics (0.82%), CORE Education and Technologies (0.72%), Aban Offshore (0.68%) and A I A Engineering (0.67%).
    Major losers among small - cap were A2Z Maintenance & Engineering Services (2.72%), Action Construction Equipment (2.52%), Aarti Industries (2.12%), A B G Infralogistics (1.96%) and Styrolution ABS (India) (0.74%).
    Globally, Asia ended on a higher note while Europe indices were trading in the green

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