India stocks seen at 13,000 by end 2008 - Credit Suisse Mon Jun 9, 2008 2:49pm IST MUMBAI (Reuters) - India's main stock index may fall to a 10-month low of around 13,000 points by end-2008, as the central bank may raise interest rates to check inflation due to record oil prices, Credit Suisse said on Monday. "The market is still not pricing in the much lower earnings growth being forecast by corporates and banks," Nilesh Jasani, head of research at the Indian unit of the Swiss bank told reporters at a briefing. Indian stocks fell as much as 2.5 percent on Monday on top of a 5.1 percent decline last week and has shaved off a quarter of its value so far in 2008 as foreigners sold $4.8 billion worth of stocks amid concerns of rising inflation and slowing growth
