13 -Feb -2008 : Today could be a mixed bag!

First, the overnight headlines from some of the websites
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Pre -Market News:-
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Economic Times

India's industrial activity is expected to cool due to the impact of RBI's policy tightening and the rupee's appreciation: HSBC

Financial Express

In a move that is expected to spur consumer spending, finance minister P Chidambaram on Tuesday asked public sector banks (PSBs) to ensure adequate credit supply for home and consumer durables purchases

At 24%, India to log highest SMB IT spend in BRIC

TCS to restructure for agility

Industrial growth plummets to 7.6%

Tea exports in 2007 fall 28% on rupee rise

Coffee touches a decade high

IBN Live

Market mayhem: Parliament panel wants change in norms

ChannelNewsAsia

US job cuts mount as slowdown erodes corporate profits

US stocks end mixed as Buffett reaches out to insurers

MoneyControl

Don't see knee jerk reaction below 16k: Mangal Keshav

Mkts can fall another 7%: India Infoline

Feb 11 crash similar to May '06 correction

Business Standard

CBDT wants capital gains tax for all FIIs :- n its pre-Budget proposals to the finance ministry, CBDT has sought an amendment to Section 115 AD of the Income Tax Act so that all foreign institutional investors (FIIs) pay capital gains tax on their profits in India

Revisit realty sector exemptions: I-T Dept

ICICI-Pru to launch first fixed maturity plan for retail investors

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Analysts Views:-
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Ashwani Gujral, technical analyst, on CNBC Awaaz :

Sentiments have turned negative in the market which has become 'sell on rise and not buy on dips'

Chetan Ahya of Morgan Stanley, on NDTV Profit :

Indian growth story is less likely to be affected by a US slowdown. Indian GDP growth is expected to be at 7.4% in FY09 and Indian inflation is being assumed at 4.7% average for FY09, he adds. Emerging markets are better poised to face a mild US recession, he says

Anil Maghnani, technical analyst, on CNBC-TV18 :

Nifty has strong resistance at the 200 DMA level of 4975 and till it closes above that convincingly one should not go long in this market

Rajat Rajgarhia, Motilal Oswal, on CNBC TV18 :

Sensex is likely to be in the range of 20,000-24,000 in one year

Gaurang Shah, Geojit Financials, on Zee Business :

The banking sector is likely to outperform in the long term and stocks that can be accumulated in this space include ICICI Bank, SBI, Axis Bank and Kotak Mahindra Bank

Prashant Jain, HDFC MF, on CNBC Awaaz :

The market is likely to see short-term volatility but India's long-term story is intact

Sandep Wagle, Angel Broking, on NDTV Profit :

If Sensex breaks 15300 then it could be called a bear market but until then it could be termed a corrective phase

Ridham Desai, Morgan Stanley, on CNBC TV18 :

About 10% lower than current levels would be a fair value for the market. The market is expected to give 18-20% earnings growth and one should stay with the largecap stocks. The Indian IPO market is likely to remain lackluster and investors may use lower prices to buy stocks

RK
http://www.RentalAndRealEstate.com