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Experts warn of correction as Sensex takes flight
Ludhiana, December 6 “Market has been performing well. However, the Sensex that touched 14,000 mark is likely to witness a correction anytime now,” said Mr H.S. Sidhu, executive director, Ludhiana Stock Exchange (LSE). “Most of the times when the market takes such an upward turn, one gets confused. This time I feel one must not miss the opportunity to book profits. The performance of the top 10 scrips that drove the market upward, will show an impact on other stocks as well,” said Mr Gautam Kaushik, an investor. At the LSE trading volume remained good, said officials concerned. Majority of the investors said the current rally was not unexpected but a correction could cause heavy losses if one missed the opportunity to book profits. "I dread correction and hope the market continues to move upward, at least for the next few days. I will wait for a few days and sell in case the market shows even a little downward trend as I don’t want to incur losses,” said Mr Ashwani Sharma, a bank employee. According to experts aspects like company fundamentals must be taken care of while investing. Asserting that those investing their money in shares should keep an average time of two-three years, experts said with the bullish trend on it is good time to book gains. “When the market starts moving up, many people invest thoughtlessly or go in for advise from sources that are not reliable. Instead of relying on information on television or by word of mouth, they should either restrict themselves to blue chips, seek expert advise, or invest in mutual funds,” Mr Sidhu added.
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Fog makes mornings tough
Ludhiana, December 6 The worst affected were morning walkers, commuters, hawkers and students. School vans and other transport were delayed because of the fog. Though a majority of schools have changed the timings because of the persisting cold, parents feel that timings should be delayed by at least half hour more as it was difficult for small children to get up early. The attendance at offices, banks, colleges and business houses was low but as the day progressed, people started coming out of their houses to go to work. Ms Rajwant Kaur, a bank employee, said she had to come from Mullanpur daily and she was delayed by an hour as the bus from Jagraon had not reached on time due to poor visibility.
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Chill may
return
Ludhiana, December 6 According to Dr Paramjit Singh Sehra and Dr Kulwinder K. Gill of Punjab Agricultural University, weather is expected to remain partly cloudy with the possibility of isolated showers over Punjab and adjoining areas during the next 24 hours. If the weather clears up tomorrow, night temperatures are likely to fall by 3-5°C but will remain slightly above normal. With the weather clearing up fog conditions are likely to develop over the plains of north-west India. In 2005 the maximum temperatures were near to normal during October and November. However, the minimum temperatures were 1.4 above normal during October but near to normal during November. The weather remained dry and clear with no rainfall and near normal sunshine hours during October and November. The minimum temperature for November during 2000, 2001, 2002, 2003, 2004, 2005 and 2006 was 12.1, 11.2, 11.6, 10.5, 11.8, 10.1 and 12.8°C, respectively, whereas the normal minimum temperature for November is 10.2°C. Dr Sehra and Dr Gill said during the current year in the first fortnight of November, the maximum temperatures were either normal or slightly above normal but the minimum temperatures remained 3-4.5°C above normal. This year November continued to be warm but the last week was certainly cold and recorded the lowest temperature of 5.4°C. In the second fortnight of this month 14 mm rainfall was recorded on November 22, which is 4.6 mm above normal for this month. The beginning of December was again accompanied with cloudy weather along with 6.4 mm rainfall till today. The prevailing day temperatures are more or less near normal but the night temperatures are going above normal these days.
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Fate of students hangs in balance
Mandi Ahmedgarh, December 6 Dense fog failed to deter members of the Punjab State-Aided School Teachers' Union who marched towards the state capital in large numbers from here and surrounding areas falling under the jurisdiction of Sangrur and Barnala district. According to Mr Amrit Pal, president, and Mr Pawan Bansal, secretary of the district unit of the union, hundreds of teachers from 22 government-aided schools had staged rallies at their respective schools and then marched towards Chandigarh to court arrest. 163 employees from Sangrur and Tarantaran districts, including 73 women, courted arrest today. None of the 547 teachers arrested so far had sought bail, asserted the union leaders. Earlier a rally was organised at MGMN Senior Secondary School here to protest against the alleged indifferent attitude of the state government towards their demands. Officer-bearers of management committees of Gandhi School, Jain Muni Shri Kanya Mahavidyalya and Guru Nanak Kanya Mahavidyalya flagged of a jatha of protestors led by Mr Pardeep Sharda. Though the state government had implemented pension scheme for private-aided school teachers with effect from February 1987, it was withdrawn after May 31, 2003. Meanwhile, management committees of these schools came openly in support of the agitation launched by their employees. Mr Mangat Jain and Mr Vijay Kakria office-bearers of the Ahmedgarh Vidya Parcharak Sabha, urged the Chief Minister and the Education Minister to invite protestors negotiations and ensure resumption of uninterrupted teaching. The teachers were prepared to stay in jail as they were carrying bags. The agitating teachers joined by other employees were demanding implementation of the 1992 Pension Scheme, which was interrupted by the state government from June 1, 2003, and lifting of ban on recruitments.
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MC wake up, listen to Kidwai Nagar residents
Ludhiana, December 6 Parks in the area, particularly opposite Devki Devi Jain College for Women and Suffian Chowk, are not being maintained properly. Residents alleged that a part of the park was being encroached upon by some residents but despite a number of representations to the authorities concerned no action had been taken against defaulters. There is no provision of lights in these parks, leading to some incidents of chain snatching. Residents complained that there was no provision of a horticulture official and a gardener. There are no benches, the walkers' path was not being maintained and there were no toilets. The parks had been virtually turned into garbage dumps with stray dogs adding to the nuisance. “We had a meeting with MC officials and area councillor in zone B office of the civic body in November. They assured us that our grievances would be redressed but nobody seems to be in a mood to pay heed,’’ said Mr R.R. Katyal, a resident, who had been spearheading a campaign in Kidwai Nagar in this regard. He said deep trenches had been dug up in the area for laying sewerage and underground cables by the PSEB for the past one year. The conditions of roads in the Improvement Trust flats area is also in a pitiable condition and the newly carpeted roads had been damaged.
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Cong hails SC ruling against Badal
Ludhiana, December 6 They said in a joint statement that the cases pending against Mr Badal would be taken to their logical end. Congress leaders said the ruling had come as a major setback to Mr Badal who had been claiming that the corruption cases had been initiated against him out of sheer vindictiveness. They maintained that the Congress had faith in the judicial system and hoped that the corrupt leaders would get suitable punishment for their misdeeds. They alleged that during the tenure of Mr Badal, corruption had crossed all limits. The corrupt deeds of Mr Badal and his colleagues in the SAD and BJP stood exposed before the people. They claimed it was the Chief Minister who had launched a drive to expose the large-scale corruption by Mr Badal and his colleagues.
TNS
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A ‘red letter’ day for SSF activists
Ludhiana, December 6 SSF activists took out their blood using syringes and put it into an inkpot in front of mediapersons. Mr Grewal was the first to offer his blood for the purpose. A letter was then written using that blood. The letter written in Punjabi assured Mr Badal of full support for the rally. Mr Grewal said 5,000 activists of the SSF would offer their blood from across the state for writing the letter that would be handed over to Mr Badal at Moga on December 8 during his birthday celebrations. He said although there was no doubt in anybody’s mind about the unfailing loyalty and commitment of the SSF towards the Shiromani Akali Dal and its leader, Mr Parkash Singh Badal, yet they wanted to show they were really sincere and serious in standing by their leader.
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Poll officer visits booths
Samrala, December 6 She interacted with people present there and enquired about the on-going process of photography. The Returning Officer, Samrala, Mr Baldev Singh, said around 83 per cent of the work had been completed.
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5,000 lawyers to attend Moga rally: Dhanda
Ludhiana, December 6 He said around 5,000 members of the legal cell would attend the rally at Moga on December 8. As per the list issued here, Mr Lekh Raj Sharma of Chandigarh has been appointed senior vice-president. Mr Brij Mohan Vinayak of Amritsar will be the convener, Mr Sukhdeep Singh Bhinder from Bhatinda the organising secretary, Mr Iqbal Singh Gill the secretary general, Mr Parvinder Singh of Ludhiana the co-convener, Mr B.P. Singh Gill the chief spokesperson of the legal cell. Seventeen persons have been appointed vice-president, 19 general secretaries, nine joint secretaries and one finance secretary. Names of 18 district presidents of the cell have also been announced. The list of 17 vice-presidents includes: Mr Ramjit Singh Ratol (Ludhiana), Mr Sukhdev Singh Bahia (Bathinda), Mr Tara Singh (Ferozepore) and Mr Randhir Singh (Patiala). Among the 19 secretaries six are from Ludhiana namely, Mr Waheguru Pal Singh, Mr Inderjit Singh, Mr Baljinder Singh Saini, Mr Kulwant Singh Arora, Mr Rakesh Chopra and Mr Gurmeet Singh Sandhu. The state finance secretary, Mr Naginder Singh, also hails from the city.
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Eatries raided; 10 food
samples taken
Ludhiana, December 6 Giving this information here today, Dr Yash Pal Singla, Civil Surgeon, said on receipt of the report, the department would take action under the relevant rules against those found guilty of adulteration of food items. In a note of warning to owners of eating joints and sellers of food products in the district, he said those indulging in preparation or sale of sub-standard or adulterated products would not be spared.
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Tributes paid to Jagmohan Kaur
Ludhiana, December
6 Talking to Ludhiana Tribune, he said though Jagmohan Kaur died in 1997, her melodious songs were still imprinted on her mind. Jagmohan's numbers like 'Bapu Ve Ad Huni Aan',and 'Mera Bara
Kararapudna', had earned her the sobriquet of 'Melody Queen of Punjab'. She immortalised Punjabi folk singing with her powerful yet sweet voice. K. Deep said he was planning to set up a cultural centre at Aab-e-Hayyat on the Ferozepore Road ,Ludhiana, in her memory.
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Biz Clips
Ludhiana New outlet: Cotton County has opened a factory outlet in the city. "Ludhiana is a highly lucrative market for readymade garments. The new outlet will offer our entire range in formals, casuals and winter wear," said Mr Dheeraj, area sales manager of the company, in a press note. TNS 
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