SENSEX ZOOMS 472 PTS ON STRONG GLOBAL CUES

Tuesday, Sep 27, 2011 SENSEX ZOOMS 472 PTS ON STRONG GLOBAL CUES   The market snapped four-day losing streak on Tuesday after rallying 500 points intra-day, aided by strong global support and short-covering in the most beaten down stocks. Expectation of a well co-ordinated bailout plan for Europe triggered a rally across globe. The Sensex shot up 472.93 points to close at 16,524.03 and Nifty rose 135.85 points to end at 4,971.25 led by broadbased buying. Investors were richer by Rs 1.3 lakh crore. read more   WORLD STOCKS REBOUND ON EURO BAILOUT HOPE   World stocks rose for a third straight session on Tuesday, with European shares up 2%, as investors took comfort from reports that officials were working to add to measures to calm the eurozone debt crisis. Mirroring a similar sentiments, the U.S. markets opened higher on Tuesday with Dow Jones rising by nearly 200 points. read more   LEAD STORIES GOVT MAY PUT DIVESTMENT PLANS ON HOLD, REVISE TARGETS   The government, it is learnt, has put its divestment plans on hold in view of the poor market condition. read more U.S. HAS MORE SERIOUS PROBLEMS THAN EUROPE: JIM ROGERS   Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S which has a huge trade deficit, says Jim Rogers. read more TOP STORIES • PM hits out at the Opposition for seeking early polls   • 2G: Centre opposes CBI probe in Chidambaram role   • Cash-for votes: Former Advani aide Kulkarni jailed   • Cash-for-votes: Amar Singh's bail extended   • ONGC gives consent for Cairn-Vedanta deal   • Deloitte sued for $7.6 bn, accused of missing fraud   • To shut Karnataka plant if ore supply dwindles: JSW   • Reliance Bank? Yes, if Anil Ambani has his way   • TRAI clears confusion over SMS limit   • Let all pharma M&As be cleared by CCI: Plan Panel   • Essar GM arrested over payment to Maoists   • Eight core infra sectors grow 3.5% in Aug   • High inflation 'inimical to growth': Subbarao   • Indian Inc GDR issues fall 79% till date: CRISIL   • ABG Ports, Singapore's PSA win Rs 6700 cr project   • Qualcomm's request for ISP licence rejected   • Inbound M&A volume swells to $27.6 billion   • Honda launches small car Brio at Rs 3.95 lakh   • Greece makes 'superhuman effort' to slash debt   • U.S. regulators probe Motorola Solutions for bribery   more stories TOP VIDEOS Market Attractive, Closer To Bottom Formation: Arvind Sanger, Managing Partner, Geosphere Capital Management  < /div> Chidambaram Is A Co-consiprator And Senior Partner In The 2G Scam: Dr Subramanian Swamy, President, Janta Party   Gold May Hit $2053, See Crude At $88: Tom Dorsey, Founder and President, Dorsey Wright & Associates  < /div> AT A GLANCE BSE 16524.03 +472.93 NSE 4971.25 +135.85 TURNOVER Rs. 184,996 cr BSE CASH Rs. 2,289 cr NSE CASH Rs. 9,728 cr NSE F&O Rs. 172,977 cr BULLION GOLD 26380 +693 SILVER 54565 +2988 CRUDE NYMEX 83.72 +3.48 BRENT 106.34 +2.4 FOREX $ / Re 49.065 -0.38 £ / Re 76.671 -0.26 € / Re 66.616 -0.27 EVENTS 28 September Finance Ministry To Hold Secretary-level Meeting To Assess The Progress On Various Suggestions Given By India Inc To Give A Fillip To The Economy /b/ High Court Verdict On Singur Land 29 September Fin Min To Meet Industry Representatives On Corporate Debt Market /b/ 8th National Summit On E-governance, New Delhi 3 October Joint Panel Of Finance Ministry & RBI Meet To Decide On The Borrowing Calendar For The Second Half Of The Current Fiscal "So they're (Europe) going through a financial crisis that is scaring the world, and they're trying to take responsible actions, but those actions haven't been quite as quick as they need to be." Barack Obama President, U.S. "If inflation is below 6%, there's probably an argument that we can tolerate a bit of higher inflation, but when it is around 9%, as it is, we are way past the threshold. There is no question, inflation is inimical to growth.," Duvvuri Subbarao Governor, RBI "We are borrowing to repay. So many people in Greece ask me, is all the pain worthwhile, can we make it? ... my answer is, yes we can." George Papandreou Greek Prime Minister WATCH OUT   The Power Of Dreams - Young Turks Conclave Season 2   This week we bring you all the action from the Young Turks - Power of Dreams Conclave Season 2 that saw over 200 Young Turks come together to celebrate India's entrepreneurial excellence. A three part series, watch Kiran Mazumdar Shaw of Biocon, Aditya Ghosh of Indigo Airlines and Rajeev Samant of Sula Vineyards as they share their dreams and success stories. SHOW TIMINGS Wed 7:30 pm