Not so encouraging speech by Federal reserve chairaman bernanke, and on lack of any monetary easing pulled down the global equity markets where market man are expecting an announcement of a bailout package. US President Barack Obama’s jobs package proposal which was in line with the street expectation also failed to enthuse the participants. The BSE Sensex closed at 16,866.97, down 298.57 points or 1.74% from the previous close, while the NSE’s broad-based Nifty shed 93.80 points or 1.82% to close at 5,059.45.
Axis IT & T: Axis IT & T which was recommended in this week sunday report continously closing in green, Today also the counter closed in green at Rs.102.10 by gaining 2.66% for the day, the price of the scrip when we have recommended & provided news is 79.85. Axis IT & T board meeting of Axis IT&T will be again meeting on 12th of Sept 2011 to finalise the merger/amalgamation/restructuring options of the various group entities based on independent professional recommendations.
Rander Corporation Ltd: There no breakage for the scrip despite of market closed in deep red, the counter sharply rebounded and continously hitting upper circuits, below is the link for the research report/updates on the company updated on the blog.
http://venkistockcalls.blogspot.com/2011/08/rander-corporation-ltd-bse-code-31228.html
Acropetal Technologies Ltd: Acropetal Technologies Ltd which was recommended to buy on all declines starting from Rs.17 today closed at Rs.17.48 by gaining 9.87% for the day. The company is set to gain nicely in future.
Apart from this our recommended counters, ShreeYash Industries, TCI Finance, locked at 5% upper circuit.
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