Sensex ends near 16000; Coal India, Sterlite down

	Dated:26 September,2011

Sensex ends near 16000; Coal India, Sterlite down Indian markets ended in the red for third consecutive session as concerns of recession in the US, financial crisis in Europe and slow-down back home continued to hurt sentiments. Current situation is more serious than 2008 crisis: Adrian Mowat, JP Morgan We are sitting with 3 major risk factors, US recession, Greece crisis and stubbornly high inflation in India and China, says Adrian Mowat, JP Morgan. Tough times ahead for Indian markets as overseas investors pull out With India & China, the two growth engines that pulled the world out of a recession in 2009 faltering, investors are chasing US treasuries. Market Round-up SENSEX 16051.10 -110.96 NIFTY 4835.40 -32.35 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change PG Electroplast Ltd. 415.30 + 97.76 Gallantt Metal Ltd. 16.95 + 13.76 Rushil Decor Ltd. 185.30 + 13.75 Sanwaria Agro Oils Ltd. 20.00 + 13.31 Peacock Industries Ltd. 3.00 + 13.21 NSE Losers Scrip Price(Rs.) %Change Tata Power Company Ltd. 96.90 -90.22 Thiru Arooran Sugars Ltd. 75.90 -16.82 Celebrity Fashions Ltd. 5.85 -15.83 Entegra Ltd. 21.10 -12.99 Sambhaav Media Ltd. 1.15 -11.54 Views on Stocks/Markets Hold on to existing portfolio: Deepak Mohoni Risk prone investors can take positions: C K Narayan IT stocks yet to rebound: Mitesh Thacker IPO/Global Markets World mkts rattled by debt crisis You can miss Flexituff IPO World stocks, euro off lows Rupee / Gold Rupee ends at 49.445/455 per $ Gold eyes biggest fall in 28 yrs Silver loses Rs 500 More 'Market' News Gold price correction will last for months; buy on dips: Jim Rogers "I doubt if gold will go to $2000 an ounce in 2011, it is more likely to have a correction and if it goes down some more, I would buy it," says Jim Rogers. India should encourage more dollar inflows: Keki Mistry, HDFC In an interview with ET Now, Keki Mistry, Vice Chairman & CEO, HDFC, gives his views on the falling rupee and whether the RBI should intervene at the moment or not.Excerpts: Negative on IT sector despite rupee depreciation: Harit Shah Nirmal Bang Institutional Equities has come out with a report stating about how rupee at 28-month low vs the dollar has certain implications for Indian IT. ET Now talked to Harit Shah, Senior Research Analyst, Nirmal Bang Institutional Equities, for his views on the same. Excerpts: