The Nifty fell by 12 points and the sensex went up by 7 points to 11588 and 39097 respectively. Today it was a healthy correction after two blockbuster days. PSU Banks plummeted and IT stocks shined. Though PSU Banks plummeted City Union Bank rose to 223/ rupees a rise if rs7/ 3.24% appreciation, this bank we had recommended at 45/ on 24/09/2010 a nearly 43% plus every year or nearly 388 % rise in 9 years.
Some stocks though banking sector is weak will be profitable. Stocks like CUB have less NPA, and are performing well.Keep an eye on selective stocks and track their movement.
