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First Trading Session in 2011 : The Healthy start

Markets started off 2011 in positive terrain supported by strong auto sales in December 2010 and optimistic rally across the globe. The gaining momentum is likely to be extended in today?s session due to strong global cues.

Indian markets are looking attractive despite their high valuations because economic growth is likely to accelerate. Return of foreign investors funds post vacations will lift volumes on the bourses. However, caution prevails ahead of the start of earnings season later in the month.

Daily trend of FII/MF investment in equities

The FIIs have bought Indian stocks worth a net of Rs616.70 crore on January 03, 2011 as compared to the net buy of Rs2,352.70 crore on December 31, 2010. The domestic investors have sold Indian shares worth a net of Rs233.50 crore on December 28, 2010.