Book Profits.~08-11-2006.

Market does not hold great upside for the day. There can be a downside correction definitely. Be selective in your stocks. The Union Government proposes to tap the cashrich West Asian countries for investments in power and other infrastructure projects in India. Tata Teleservices is believed to be back at the negotiating table with South Korea Telecom to sell stake to the company. Asian markets were mixed in midmorning trading Wednesday, with Japan\’s Nikkei 225 Index falling back as investors looked beyond gains on Wall Street to focus on a rise in the yen and possible negative effects on exporters such as Canon Inc.