Wednesday, November 02, 2005

3i Infotech jumped 4% to Rs 122 after the company said it had acquired US based software company FormulaWare

1.6 lakh shares changed hands in the counter on BSE by afternoon trade.

FormulaWare specialises in software aimed at the chemical and paint
industries. 3i Infotech did not indicate the cost of the acquisition, but
said it planned to expand its offerings to the lubcricants, paint, inks and
glues industries.

This is the second US acquisition announced by 3i Infotech in less than two
months. In late September 2005, 3i Infotech acquired Innovative Business
Solutions - a US based specialty IT solutions company - for $ 3.6 million.

Over the years, 3i Infotech (earlier ICICI Infotech) has transformed itself
from the back office of ICICI Bank to a software products-cum-services
company focused on the banking, financial services and insurance field.


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Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.

Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.

All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
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2:46 AM  

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