Domestic bourses closed on a negative note, on heavy selling witnessed across the IT sector stocks after the quarterly earnings of IT majors TCS and HCL, as the quarterly earnings report of India’s largest software exporter, TCS, came in below expectations. Moreover, weak cues from global markets also weighed on the sentiments of the investors. The slowdown in Chinese economic growth in Q3,2011 also weakened sentiment. China's GDP for the 3rd quarter came in weaker than expected, posting an annualized reading of 9.1%, compared to 9.3% forecast, and 9.5% in the 2nd quarter, thereby confirming the fears that tightening campaign by the central bank meant to tame inflation caused the economy to cool.
BSE SENSEX closed at 16,748.29 down by 276.8 points, at the same time Nifty ended at 5,037.5 down by 80.75 points.
Zenu Infotech: Zenu Infotech Ltd which was recommended in the month of July at Rs. 26.60 where we have already booked 50% profits in the counter and holding rest for superb gains going forward, today locked at 5% upper circuit and closed at Rs. 36.40. visit our previous write ups on the blog to know more about the news on the scrip.
Banas Finance Ltd : The counter with in 2.5 months time frame, provided 150% returns to our paid members. In the last week of July month, we asked our clients to consider the counter in their portfolios and then the counter is hitting continous upper circuits, the counter is recommended at Rs.152 and the counter after split of shares from Rs.10 to Rs.1, started hitting upper circuits continously and today also hitted upper circuit and closed at Rs. 41.25.
Net Vista Information Technology Ltd: Net Vista information technology Ltd sharply rebounded on the street, the counter is resisting to go down and today also locked at 5% upper circuit and closed at Rs.3.20.
BSE SENSEX closed at 16,748.29 down by 276.8 points, at the same time Nifty ended at 5,037.5 down by 80.75 points.
Zenu Infotech: Zenu Infotech Ltd which was recommended in the month of July at Rs. 26.60 where we have already booked 50% profits in the counter and holding rest for superb gains going forward, today locked at 5% upper circuit and closed at Rs. 36.40. visit our previous write ups on the blog to know more about the news on the scrip.
Banas Finance Ltd : The counter with in 2.5 months time frame, provided 150% returns to our paid members. In the last week of July month, we asked our clients to consider the counter in their portfolios and then the counter is hitting continous upper circuits, the counter is recommended at Rs.152 and the counter after split of shares from Rs.10 to Rs.1, started hitting upper circuits continously and today also hitted upper circuit and closed at Rs. 41.25.
Net Vista Information Technology Ltd: Net Vista information technology Ltd sharply rebounded on the street, the counter is resisting to go down and today also locked at 5% upper circuit and closed at Rs.3.20.
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