MARKET TALK

Indian Mkts Close To Finding Bottom - Lotus AMC
[Dow Jones] India stock markets close to "being out of the woods"
and finding a bottom, says Lotus Asset Management CEO Ajay Bagga, after
positive news from the U.S markets in form of Lehman Brothers Holdings Inc.
(LEH) announcement it will raise a higher-than-expected $4 billion in preferred
stock; says, further writedowns to tune of $50 billion expected from U.S but
people are beginning to "see light at the end of the tunnel". Advises investors
to begin entering Indian stocks with longer term view cautiously at these
levels; tips large caps, banks and infrastructure to lead bounceback when rally
comes but techs and realty may drag.

Msg By Mr Ravindra