Sensex rebounds 2.95% on Europe hopes; realty, IT, oil & gas lead

	Dated:27 September,2011

Sensex rebounds 2.95% on Europe hopes; realty, IT, oil & gas lead Sensex rose for the first time in five sessions, rebounding 2.95% as global risk appetite was bolstered by optimism European leaders 'Present global scenario not favourable for emerging markets' Currently the Sensex is around 16500 and Nifty around 4975. On valuations it will be 14 times forward price to earning ratio Mkt may rally 10-15% on short-term Greece soln: Sandip Sabharwal In an interview with ET Now, Sandip Sabharwal, CEO-PMS, Prabhudas Lilladher, talks about the factors he thinks will drive the market as well as the sectors he is overweight on. Excerpts: Market Round-up SENSEX 16524.03 472.93 NIFTY 4971.25 135.85 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Kothari Petrochemicals Lt 8.25 + 19.57 Den Networks Ltd. 72.75 + 17.62 PG Electroplast Ltd. 483.20 + 16.35 Hathway Cable & Datacom L 102.70 + 16.24 Kinetic Motor Company Ltd 17.45 + 12.58 NSE Losers Scrip Price(Rs.) %Change Jocil Ltd. 147.80 -46.56 Zodiac Clothing Company L 249.30 -32.84 Dhunseri Investments Ltd. 76.50 -12.07 Indian Terrain Fashions L 96.15 -8.38 Patspin India Ltd. 12.85 -7.89 Views on Stocks/Markets Analysts' view on where the market is headed Buy large cap IT stocks on corrections: M Irani Don't trade R-Cap on upside: Ashwani Gujral IPO/Global Markets World stocks gain on euro hope US stock index signal gains Nikkei rises nearly 2% Rupee / Gold Rupee ends at 49.065/075 per $ Gold rises by Rs 275 Silver rises more than 6% More 'Market' News Reliance Capital mulling bonus, banking entry: Anil Ambani Reliance Capital could make an entry into the banking sector & name the financial power Reliance Bank, group chairman Anil Ambani said. Markets likely to trade in 4700-5100 range for some time: Vibhav Kapoor, IL&FS In an interview with ET Now, Vibhav Kapoor, Group CIO, IL&FS, shares his outlook for the Indian markets in the years ahead and sectors that he would invest in from a long term perspective. Excerpts: Goldman Sachs eyes major spending cuts: Report Goldman Sachs is mulling drastic spending cuts as it braces for what could be one of its worst quarterly reports since it went public more than a decade ago, the New York Times reported Tuesday.