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12 September 2012

Sales Traders Commentary: 12 Sept: Edelweiss


Sales Traders Commentary
    Indian equities sustained gains for the fifth day on Tuesday. Both Sensex and Nifty gained 0.50% each despite weak global cues. Buying was seen in realty, IT, power, financials and oil&gas stocks.
    The Sensex closed at 17853, up 83 points, while the Nifty jumped 27 points to end the day at 5390.
    Major gainers were Housing Development Finance Corporation (2.49%), NTPC (1.81%), GAIL (India) (1.66%), Bharat Heavy Electricals (1.41%), Tata Consultancy Services (1.41%), and ICICI Bank (1.20%).
    Major losers were Sterlite Industries (India) (4.43%), Jindal Steel & Power (3.13%), Hero Motocorp (1.00%), Tata Steel (0.79%), Hindustan Unilever (0.58%), and Larsen & Toubro (0.46%)
    The Realty index was up by 0.94%. Major gainers were Anant Raj Industries (3.43%), Indiabulls Real Estate (2.15%), Godrej Properties (1.86%), Oberoi Realty (1.04%) and Phoenix Mills (0.46%).
    The IT index gained 0.88%. Major gainers were CORE Education and Technologies (6.8%), Hexaware Technologies (3.98%), Infosys (0.7%), HCL Technologies (0.62%) and Oracle Financial Services Software (0.18%).
    The Power index was up 0.81%. Major gainers were Bharat Heavy Electricals (1.41%), ABB (1.3%), Adani Power (0.83%), Reliance Infrastructure (0.16%) and Crompton Greaves (0.09%).
    The Metal index was down by 1.48%. Major losers were Jindal Steel & Power (3.13%), NMDC (1.62%), Hindustan Zinc (0.96%), JSW Steel (0.93%) and Coal India (0.3%).
    Globally, Asia ended on a mixed note while European indices were trading lower

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