The moves raised hopes that fresh money will flow into the market and helped boost sentiment.

The Shanghai Composite Index may test the key 1300 level again today, but further gains will be limited by profit-taking pressure.

More selling is possible in the future, because of the changes in the demand-supply situation.

The strong performance of auto shares helped stabilize sentiment, but many sectors, such as metals and properties, are under profit-taking pressure.

Many shares appear to be a bit expensive after recent strong gains and investors are starting to cash out.

We give money to children and young unmarried people. It goes from the higher generation to the lower one - you wouldn't give money to your parents, for example. People also exchange gifts. It could be anything - people spend a lot of money.