10 September 2012

Sales Traders Commentary :10 Sept: Edelweiss


Sales Traders Commentary
    On Friday, the domestic market ended on a higher note after ECB announced potentially unlimited bond buying plan to save the region’s currency. Both Sensex and Nifty gained 2% each and the latter closed above 5300. Capital goods, realty, metal, financial, and auto stocks gained ground.
    The Sensex closed at 17683, up 338 points, while the Nifty jumped 104 points to end the day at 5342.
    Major gainers were Tata Steel (5.72%), ICICI Bank (4.68%), Tata Motors (4.40%), Larsen & Toubro (3.86%), Hindalco Industries (3.39%), and Reliance Industries (3.08%).
    The Capital Goods index was at 9536.70, up 281.70 points or 3.04%. Major gainers were Crompton Greaves (3.72%), Bharat Heavy Electricals (1.74%), A B B (1.69%), BEML (0.79%), and Alstom India (0.28%).
    The Realty index was up 2.70%. Major gainers were DLF (5.26%), Housing Development and Infrastructure (3.92%), D B Realty (3.59%), Indiabulls Real Estate (1.6%), and Anant Raj Industries (1.15%).
    The Metal index jumped 2.66%. Major gainers were Hindalco Industries (3.39%), Hindustan Zinc (2.35%), Jindal Steel & Power (1.42%), Coal India (0.85%), and Bhushan Steel (0.05%).
    The Bankex gained 2.29%. Major gainers were Canara Bank (3.32%), Bank Of Baroda (2.87%), Bank Of India (1.5%), Federal Bank (0.75%), and HDFC Bank (0.71%).
    Major gainers in the mid–cap space were CORE Education and Technologies (2.48%), Amara Raja Batteries (1.53%), Anant Raj Industries (1.15%), ABG Shipyard (0.52%), and Alstom India (0.28%).
    Major gainers among small caps were ABG Infralogistics (8.28%), Trident (2.92%), Aanjaneya Lifecare (1.18%), A2Z Maintenance & Engineering Services (1.11%), and Aarti Industries (0.74%).
    Globally, Asia ended on a higher note while Europe indices were trading in similar sentiments.

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