Blood in the market

Indian stocks fell sharply on thursday on inflation basis. But, when inflation numbers came out in the evening, it wasnt that troublesome. Even though, numbers were high, it was at par with expectations, but there was nothing hard in the new inflation numbers to trigger a 130 point downward jump, Banks and Realty stocks getting hit badly.  Now, on the top of the bad inflation fears, other fears are coming from the west in the form of high oil price, which now is at 121, and a depreciating dollar.  Towards the end of Indian trading hours, European markets mirrored Indian market by going down the drain in a steep way. England’s FTSE was better when compared with France’s CAC and German DAX. Emerging market of Brazil, went against the global direction, by scoring a very positive trade in its hour. American market also buck the trend with some green numbers towards the end of the day. So, basically the question is can market crawl back some of its lost ground on the day following the carnage, or will market go further down the Alice’s deep hole on spiralling oil rates…