Domestic markets ended the choppy day of trade in red as trader’s avoided placing risky bets ahead of the weekend meeting of European leaders on progress in resolving the region's debt crisis. Investors squared off positions given the increasing uncertainty on when the crisis would be resolved, Investors were also cautious ahead of the RBI’s mid quarterly monetary policy review on October 25, 2011, wherein RBI is expected to deliver one final interest rate hike before pausing interest rate hike.
BSE Sensex closed at 16,785.64, down by 151.25 points from the previous close, at the same time Nifty declined by 41.95 points and closed at 5,049.95.
Tera Software Ltd: Tera software which was recommended to buy and hold from Rs.47 in the Month of May and recommended to hold it for medieum term as very good fundamentals and now the members are reaping the benefits from the counter, today the counter closed at Rs.80.55, by providing, 70% returns. Members who has asked me what to do with the counter and always told to buy and hold this counter who has very good fundamentals, all the members are now enjoying the ride.
Zenu Infotech: Zenu Infotech Ltd which was recommended in the month of July at Rs. 26.60 today also locked at 5% upper circuit and closed at 41.65, visit our previous write ups on the blog to know more about the news on the scrip. We have already booked 50% profits in the counter and holding rest fo handsome returns.
Net Vista Information Technology Ltd: Net Vista information technology Ltd sharply rebounded on the street, the counter is resisting to go down and today locked at 5% upper circuit and closed at 3.35 Rs. The counter which was updated as a company with good future ahead on the blog during 1st week of September, the counter is updated on the blog for the benefit of free blog readers, below is the link for the counter update on the blog.
http://venkistockcalls.blogspot.com/2011/09/netvista-information-technology-ltd-bse.html
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