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1. This news is to bring cheer in your life that after every dark night a day follows and after every fall the rise in market occurs. With this as an aim the biggest financial house of India has decided to put in Rs 17,000 crore in the equity market during the January-March 2009 period.
2. Thus one need not worry as FIIs will also surely start returning to the market as Indian share market is trading at attractive valuations and these FIIs can not sit idle on cash because they have to justify their investors that why they are holding cash. If they keep on holding cash than general public will ask them that why they are sitting on cash like a duck and the same can be done by them too and for holding their assets in cash they will not like to pay them the recurring charges.
3. The life insurance major is targeting investments worth Rs 40,000 crore into equities in the current financial year. LIC is disbursing loans aggressively. If I were Finance Minister I would have had levied a surcharge of 1% and would have had used that fund to prchase the stocks for Govt of India at throw away prices.
4. Another good news which can rein inflation is reduction in petrol price by Rs. 5 per litre, diesel by Rs 2 per litre, and LPG by Rs 25 per cylinder and this will be the second cut in two months. The fuel price cut will come into effect from January 29.
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