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See more correction in midcaps: IL&FS (CNBC TV18, Moenycontrol.com 9th Jan 2008) Vibhav Kapoor of IL&FS told CNBC-TV18 that he continues to be pretty bullish. He adds that the midcap and smallcap indices were up some 30-35%, so obviously some sort of correction was very much on the cards and that’s what been happening for the last 3 or 4 days. Provided the corporate results don’t disappoint, there will be upward move resumption very soon, he says. Read the Complete Interview

Earnings for Sensex cos to grow at 17.5%: DSP ML (CNBC-TV18, Moneycontrol.com 8th Jan 2008) DSP ML expects earnings for the Sensex companies to grow at 17.5%, but it will be slowest in 8 quarters. It added that growth will be led by industrials, telecom and financials and the laggards are autos, pharma, energy and metals, reports CNBC-TV18. According to DSP ML, margins are likely to fall in sectors like IT, autos and energy. More

Stay cautious on midcap space - Udayan Mukherjee of CNBC TV 18 (CNBC TV18, Moneycontrol.com 9th Jan 2008) The US markets have been down for 4 out of the past 5 days, but the Asian markets are not sulking; only some of them are down. The midcap space is not looking good for the last 3 days, there was a complete selloff yesterday. That space needs to be watched. Our markets: We have twin hangover, of the midcaps sell off yesterday and the US markets sell off overnight. Not that Asia is sulking very much this morning. The Asian markets are down but not a whole lot. So we are dealing with US pain quite okay and quite well this morning but even so this is yet another sell off in the US markets and no redemption from there at all. Yesterday the Sensex might have been flat but the midcap and the smallcap indices got clobbered. So that’s the space one needs to watch extremely closely, as we go into trade today. It’s not been looking very good for the last three days for midcaps and yesterday ...

Sensex to give 15-20% returns in long-term: Quantum Adv (Moneycontrol.com 29th Dec 2007) Ajit Dayal of Quantum Advisors says Sensex has given compounded returns of 35% peranum in the last 7 years and one must not expect similar returns but returns of 15-20% over the long-term is possible.He further told CNBC-TV18 that valuations in India are not cheap but they are not near bubble phase either and so they are not uncomfortable with current valuations. At present at Quantum Advisors they have fairly low cash levels said Dayal.Excerpts from CNBC-TV18's exclusive interview with Ajit Dayal: Q: The expectation is that come January there is going to be big dollops of cash and that’s probably going to take the market a bit higher than where it is. Would you go with that theory? A: We have to go back a bit and look at- if you had put Rs 100 in the BSE 30 Index in January 2001, today that Rs 100 standing in December 2007, seven years later effectively would have been Rs 874. So that’s a pro...