03 September 2012

Sales Traders Commentary : 3 Sept: Edelweiss


Sales Traders Commentary
    On Friday, Indian equity markets ended the session on a lower note, led by metal, power, oil & gas, realty, auto and IT stocks which faced selling pressure.
    The Sensex closed at 17380, down 161 points, while Nifty slipped 56 points to end the day at 5259. Major gainers were Cipla (1.64%), Housing Development Finance Corporation (1.31%), Bharti Airtel (1.22%), State Bank of India (0.26%) and Oil & Natural Gas Corporation (0.16%).
    Major losers were Coal India (2.64%), Hindalco Industries (2.21%), Reliance Industries (2.19%), Bharat Heavy Electricals (2.10%), Hero Motocorp (2.02%) and Sterlite Industries (India) (1.99%)
    The HC index was up by 0.01%. Major gainers were Biocon (4.49%), Cadila Healthcare (2.31%), Cipla (1.64%), Aurobindo Pharma (1.46%) and Glaxo SmithKline Pharmaceuticals (0.27%).
    The Metal index was down by 1.39%. Major losers were Coal India (2.64%), Hindalco Industries (2.21%), Bhushan Steel (0.45%), JSW Steel (0.32%) and Jindal Steel & Power (0.07%).
    The Power index slipped by 1.33%. Major losers were GMR Infrastructure (4.7%), Bharat Heavy Electricals (2.1%), NTPC (1.9%), JSW Energy (1.72%) and Reliance Infrastructure (0.48%).
    The Oil & Gas index was down by 1.31%. Major losers were Hindustan Petroleum Corporation (3.43%), Bharat Petroleum Corporation (2.94%), Gujarat State Petronet (2.43%), Cairn India (0.76%) and G A I L (India) (0.13%).
    Major gainers in the mid – cap space were Alok Industries (3.03%), Allcargo Logistics (1.7%), Amtek India (1.08%), Aban Offshore (1.03%) and CORE Education and Technologies (0.82%).
    Major gainers among small - cap were Advanta India (7.56%), Aanjaneya Lifecare (4.39%), Action Construction Equipment (3.95%), Adhunik Metaliks (1.8%) and Ahluwalia Contracts (India) (1.48%).
    Globally, Asia ended on a lower note while Europe indices were trading higher.

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