Boring day.

The market movement today reminded me of the Verisign logo ;-). The Sensex plunged some 200 odd points at one point of time, only to recover and finish with a fine gain of 117 points. Of course, none of this melodrama made any difference to my portfolio.

Most of the scrips remained flat. Tech Mahindra (+5.65%) and Reliance (+2.85%) were the only heroes of the day. Bajaj Hindustan and Parsvnath, both plunged by a bad 3%. Need to see how the sugar stocks perform tomorrow as the Government has decided on lifting the sugar export ban.

LT Overseas had a disappointing listing today. The scrip listed at a premium of 7%, but ended the day 5% down.

Applied for Pyramid Saimira today. The issue had got over-subscribed 16 times (overall). Interesting bit is the participation from the retail investors. The issue has been oversubscribed 14 times in the Retail category, which I think is a little high and unusual for an issue that has been oversubscribed overall 16 times.

As I said in my earlier post, I need to invest another 25k for this financial yr to exploit 80C completely. Couple of minutes back, my guru gave me a suggestion to invest that in a SIP (something like 6k a month) over the next 4 months to cover that amount. Of course, all SIPs demand a minimum period of 1 yr, so I will have put 48k in the next financial year towards the same. Bottomline, need to be careful on my pick.