Wednesday, March 21, 2007

Blue Chips stand tall - Banking services / Energy sectors lead the way

Wrote on March 9 .... 'Bargain hunt in blue chips '....... 'ICICI Bank, Reliance Industries, Infosys..... Maharashtra Seamless, Crompton Greaves ......good bets with very limited downside'. All these stocks have stood rock solid even in the face of market carnage. Today ICICI up 5.60%, Reliance Ind up 1.06%,Infosys up 1.85%, Maharashtra Seamless up 1.06%, Crompton Greaves up 4.50%. Per March 15 note in this blog.......'the sectors to look out for will be energy / alternate energy, services / hospitality and IT in particular'...... today's best performers were energy stocks like Reliance Energy up 3.10%, CESC up 3.40% apart from good all round gains in banking services stocks like ICICI Bank up 5.60%, PNB up 3.56%, SBI up 3.21% etc.

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