INDIAN STOCK MARKETS

It was a terrible weak for the Indian market as the gloom from overseas continued.
The rejection of the US bailout package and FII outflows saw a near panic sell off in today's market. Experts believe all theories are being turned on their head (crude lower, inflation downtrend yet market getting battered) and the huge global slowdown is here to stay.
The dismal figures this week are:
Sensex was down 4.7%, Nifty down 4.4%. BSE Midcap index was down 4.5% and BSE Smallcap index down 6.8% over the week.
BSE Metal index was down 11.5%, BSE Oil & Gas index down 7.5%, BSE CD index down 5%, BSE Realty index down 7.1% and BSE IT Index down 3.1%.

Today's recommendation:Larsen(LT) achieved target and Ranbaxy made high of 274.75