Markets lost ground on poor Infosys results and IIP No.s

Today domestic markets closed on a negative note amid Euro zone's failure to solve the greek debt crises and disappointing IIP Numbers which grew by just 5.6 percent in May 2011, year-on –year against analysts expectations of 8.5 percent, also infosys missed market expectations. Infosys reported a net profit of Rs 1,818 crore in the March quarter of the previous fiscal (2010-11),On a year-on-year basis, the company has reported a 15.7% growth in net profit.


Today BSE Sensex lost  309.77 points and closed at 18,411.62,  Nifty lost 89.95 points and closed at 5,526.15.


Money Matters F S Limited:Money Matters F S Limited (Money Matters Financial Services Limited): There is no stopping for Money Matters Financial Service Ltd, despite of market metldown still the company shares  gained 2.03%. After the news provided about the stake hike by promoters, the scrip started gaining smartly and sky rocked from Rs.58 to CMP of Rs.98.05. We recommended and provided the news about stake hike when the counter price is at Rs.58. Below is the news snapshot that we provided to our paid members on 30th May 2011 itself, "Money Matters (Bse Code: 531595):The company is going to acquire 5% stake from the open Market" and see the result the scrip  totally gained 70% after the news provided to all the paid members.

Olympic Oil Industries Limited: Olympic oil Industries Limited, which currently operators in buying/selling/import/export dealing of Minerals, oils and engineering goods and machinergy, the management of the company is aggressively looking at foraying into new business segments of real  estate and shipping.  The management of the company has various proposals and agreesively looking at foraying into new business segments.  One can consider this gem and hold it in their portfolios for some superb profits in short to medieum.