Trend seems to have reversed

Markets in the week gone by opened on a positive note and were up on Monday. The optimism seemed to have then disappeared as we fell on each of the remaining four days of the week.

On Friday, one failed to understand the colour of festivities associated with Christmas Red, which was there all over Dalal Street, but it was blood on the streets. Markets fell a massive 980 points on BSESENSEX and 320 points on NIFTY. Surprising was the fact that there was no indication of this kind of carnage anywhere else in the world.

The previous week's headline of 'MAKE OR BREAK' has come true and it appears that markets have chosen the second option of breaking. BSESENSEX lost 1,492.52 points or 2.43 per cent to close at 59,845.29 points while NIFTY lost 462.20 points or 2.53 per cent to close at 17,806.80 points.