==>> We wont see major correction from here onwards

FII's still have faith in the long term growth story of India. FII's who have registered with the regulator has risen to over 1,400 while sub-account registrations have topped the 4,000-mark. Apart from the long term growth story of India, what worked in favour was the easing up of the norms for sub-accounts. Also the closure of the participatory note route helped spur more registrations. Nearly 60% of new entrants are investors from the US with the balance coming in from European, Japan and West Asia.

Oil prices tanked to 142$ per barrel. Inflation is not rising at the faster rate as it was rising before by 1-1.5% on week on week basis. American markets are marginally down, but hangseng is down by around 750 points. Our markets will also open in the negative zone, but i dont think so that we will the same fall that was witnessed earlier. Yesterday it was mentioned that, this is the right time for the long term investor to invest in the Indian markets. Each fall will give the opportunity to invest........