Dalal Street might wrap up the last day of the year with a ranged trade as traders look forward to new year celebrations. Year 2010 delivered excellent returns to investors.
Nikkei and Kospi were closed today on account of holidays.
News Bytes
* iGate to control Patni with 60% stake buy
* Citi, Goldman plan to buy 5% in Reliance Broadcast
* Manganese Ore in talks with Gabon: source
* SBI to raise Rs 12,000 cr from bonds by Mar 2012
* K S Oils to allot 1.64 cr shares to promoters
* SSWL commences Wheels Rims supply to Tata Motors
* Food inflation accelerates to 10-week high
* PNB seeks partners for insurance business
Market Outlook
Nifty delivered a surprise visit to 6100 levels, hitting all call writers till 6000 levels. We believe Markets might see new highs soon. With fresh inflows expect in January this time it might be unstoppable for Markets to hit new highs.
Stay invested.