Sales Traders CommentaryOn Friday, Indian equity markets closed higher after the government implemented its decision to allow FDI in multi-brand retail sector. Both Sensex and Nifty gained more than 2% each and traded at 12-month high. Power, capital goods, metal, financials, PSU and realty stocks gained more than 2% each.
The Sensex closed at 18752, up 404 points while the Nifty jumped 137 points up to end the day at 5691.
Major gainers were Bharat Heavy Electricals (7.12%), Jindal Steel & Power (6.41%), Sterlite Industries (India) (5.20%), State Bank Of India (4.30%), ICICI Bank (4.19%), and Larsen & Toubro (4.15%).
Major losers were Tata Consultancy Services (1.38%), Dr Reddy`s Laboratories (1.38%), Infosys (0.80%), and Sun Pharmaceutical Industries (0.10%)
The Power index was up by 4.35%. Major gainers were Reliance Infrastructure (9.48%), Bharat Heavy Electricals (7.12%), Adani Power (5.04%), Crompton Greaves (4.59%) and A B B (3%).
The Capital Goods index was also up by 4.12%. Major gainers were A B B (3%), BEML (2.54%), Alstom India (2.49%), A I A Engineering (2.12%) and Bharat Electronics (1.36%).
The Metal index gained 4.06%. Major gainers were Jindal Steel & Power (6.41%), Hindalco Industries (3.34%), Coal India (1.9%), Hindustan Zinc (1.81%) and Bhushan Steel (1.15%).
The IT index was down by 0.68%. Major losers were Hexaware Technologies (3.59%), Tata Consultancy Services (1.38%), CORE Education and Technologies (0.99%), Infosys (0.8%) and Oracle Financial Services Software (0.01%).
Major gainers in the mid – cap space were ABG Shipyard (3.61%), Aban Offshore (2.69%), Alstom India (2.49%), A I A Engineering (2.12%) and Allcargo Logistics (1.92%).
Major gainers among small - cap were Trident (7.05%), A2Z Maintenance & Engineering Services (4.25%), A B G Infralogistics (1.92%), Aarti Industries (0.71%) and Styrolution ABS (India) (0.38%).
Globally, Asia ended on a higher note while European indices were trading with the same sentiment.
�� --> The Sensex closed at 18752, up 404 points while the Nifty jumped 137 points up to end the day at 5691.
Major gainers were Bharat Heavy Electricals (7.12%), Jindal Steel & Power (6.41%), Sterlite Industries (India) (5.20%), State Bank Of India (4.30%), ICICI Bank (4.19%), and Larsen & Toubro (4.15%).
Major losers were Tata Consultancy Services (1.38%), Dr Reddy`s Laboratories (1.38%), Infosys (0.80%), and Sun Pharmaceutical Industries (0.10%)
The Power index was up by 4.35%. Major gainers were Reliance Infrastructure (9.48%), Bharat Heavy Electricals (7.12%), Adani Power (5.04%), Crompton Greaves (4.59%) and A B B (3%).
The Capital Goods index was also up by 4.12%. Major gainers were A B B (3%), BEML (2.54%), Alstom India (2.49%), A I A Engineering (2.12%) and Bharat Electronics (1.36%).
The Metal index gained 4.06%. Major gainers were Jindal Steel & Power (6.41%), Hindalco Industries (3.34%), Coal India (1.9%), Hindustan Zinc (1.81%) and Bhushan Steel (1.15%).
The IT index was down by 0.68%. Major losers were Hexaware Technologies (3.59%), Tata Consultancy Services (1.38%), CORE Education and Technologies (0.99%), Infosys (0.8%) and Oracle Financial Services Software (0.01%).
Major gainers in the mid – cap space were ABG Shipyard (3.61%), Aban Offshore (2.69%), Alstom India (2.49%), A I A Engineering (2.12%) and Allcargo Logistics (1.92%).
Major gainers among small - cap were Trident (7.05%), A2Z Maintenance & Engineering Services (4.25%), A B G Infralogistics (1.92%), Aarti Industries (0.71%) and Styrolution ABS (India) (0.38%).
Globally, Asia ended on a higher note while European indices were trading with the same sentiment.
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