Mkts celebrate Fed rate cut: Sensex closes above 16K!

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Market Round Up from Moneycontrol: More stock news. More stock advice.       Top News Mkts celebrate Fed rate cut: Sensex closes above 16K It was a phenomenal session for equity markets across the globe giving some blow out moves. Markets saw an emphatic breakout celebrating the rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke.... Cut may decouple BRIC mkts from US: Enam Manish Chokhani, MD of Enam Financial said that the Fed is signalling a recession and this may see money flowing into BRIC countries. He said this may also see BRIC markets decoupling from the US. ... Govt's sops in 10 days to benefit sugar cos: Tulsian The Fed cut the benchmark interest rate to 4.75 percent from 5.25%. This is the first cut in four years. Discount rates were lowered to 5.25%... RBI should take cue from Fed: Principal O(x)us Invst Surjit Bhalla of Principal O(x)us Investments said that the rate was overdue and that he expects that the RBI may also take a cue from it....       Stock in News Tata Motors among major gainer on the Sensex Sterlite Industries shoots up 5.4% M&M gears up 5% More Stocks : Maruti Udyog | Triveni Engg | GAIL HDFC | Bhart Airtel | Tata Motors Click For More       Stock Advice Buy Reliance Capital on dips: Sukhani Accumulate Bajaj Auto, target Rs 2424: HDFC Sec Advanta an outperformer: SSKI More Stocks : HCL Tech | TV18 | Unitech DLF | SBI | Bajaj Auto Click For More       IPO Corner Asit C Mehta high on Consolidated Construction IPO Take a long term view on Koutons Retail: Asian Mkts Sec Supreme Infra to set up RMC plant in Pune Click For More   Indian Markets 19-09-2007     Sensex 16322.75 653.63   Nifty 4732.35 186.15   Asian Markets 19-09-2007     Nikkei 16381.54 579.74   KOSPI 1902.65 64.04   Taiwan 8926.38 26.47   Hang Seng 25554.64 977.79   Straits Times 3594.36 116.61   Market Interviews Era of rate hikes over, except for China -Lehman Bros Further decline in Fed rates likely -Barclays Cap   Market Analysis Remain invested, outlook is strong: Ramesh Damani Sep-19 Fed move paves way for RBI to cut rates: Karma Capital Sep-19 Mkts may scale newer peaks soon: Prime Securities Sep-19   Stock Videos Buy Reliance Capital on dips: Sukhani ICICI Bank can cross Rs 950 Uttam Galva can touch triple figure mark SBI has long term target of Rs 2100 Phillips Carbon has target of Rs 215

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