It was a sort of carnage on the D-Street yesterday and it reminded all us of about the black Monday haunting back again this time. Thanks to the bad global and Asian cues, sensex managed to close below the psychological 12,000 level mark for the first time since 2006.Sensex closed at 11,802 levels after a fall of about 725 points or 5.78% from its previous close and nifty lost about 216 points or 5.99% to close at 3,602 levels. And finally the predictions made here of 3,600 levels in Nifty came true. It was hard to digest the fact but now its reality.

All the major sectors of the economy like reality,banking,IT etc were heavily down ranging from 6-11% each. The Asian markets had also cracked by 4-6% each and the bad global cues led to the situation in the markets. The worst is yet to come, may be today it should arrive.

The Dow had also crashed badly in yesterday’s trade when it lost 370 points to close at 9955 levels for the first time since 2004. And Nasdaq was down by 4.34% yesterday.All this is basically happening due to the uncertainty surrounding the financial crisis in the USA and the world over. At one point Dow was down by almost 800 points which is an all time intraday record for it. All the sell off is coming even after the $700 billion bail out plan. So we can imagine the sentiments of the investors world over on this issue.

The Asian markets have started their day in deep losses today. The Nikkei-225 is down by 1.89% currently. So we must be ready to face another bloodbath on the streets today.The sensex would open gap down today and it might recover partially by the end of the day. So traders are advised to be very cautious today in the dealings. After this we will certainly get a very good opportunity to invest in the markets as the valuations have come down drastically by now.

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