Ring out the old, bring in the new!
An optimist stays up to see the New Year in. A pessimist waits to make sure the old one leaves.
Compliments of the season and wish you a Merry Christmas. A little early to wish you a Happy New Year. But we thought its better to remind you early that you could use the New Year as an excuse to do some cleaning and churning of your portfolio if required.
You have the whole year ahead to make your money next year. The Sensex has already gained over 4,000 points this year. The Sensex closed at 13,471.74 on Friday as against 9,397.93 on the last trading day of 2005.
The bulls and bears will continue to fight it out. The holiday season may make the battle appear more ferocious though volumes could take a bigger beating. December F&O series comes to an end. Some short positions have been created for the January series while longs for the current-month contracts have been cut. As mentioned earlier, Dec 29 will see the introduction of around 29 more securities in the F&O segment. This could cause some adjustments in portfolios.
The opening is expected to be muted. All in all, no clear trends till the New Year sets in. Till then remain on the sidelines, enjoy the holiday mood.
Among the Bulk Deals, Blue Bird was bought by Merrill Lynch Capital. Sujana Metal was picked up by Morgan Stanley. TRF Ltd was bought by Birla Mutual Fund and sold Goldman Sachs.
Insider Trades:
Kirloskar Oil Engines Ltd: Mr. Vikram Shreekant Kirloskar, Director has sold in the open market 10000 equity shares of Kirloskar Oil Engines Ltd on 19th December, 2006.
Shringar Cinemas Limited: Mr. Balkrishna Shroff, Director has purchased from open market 3997 equity shares of Shringar Cinemas Limited on 19th December, 2006.