US markets zoomed up in last half an hour on Thursday, despite all negative news there. Indian markets were having almost all positive news, including US indices being up. Still, we fell and closed with deep cuts. If what happened in US is to be correlated, what happened in India is purely logical. Moral of the story is, the entire world markets are being manipulated by operators. With unexpectedly lower inflation below 9 and better IIP numbers, market is confident about rate cuts by RBI and fuel price cut by Oil Ministry. In normal case, Indian markets should have zoomed up 6-8% higher if we compare with US markets. Sensex opened lower, hit the day's high at 9826 and sunk to the day's low of 9267 and closed at 9385, still down 1.6%. It is worth noting that such a fall was articulated by concentrated selling in index heavy Reliance, ONGC, Tata Steel, ICICI Bank and similar counters, one by one at a time, in thin volumes. Overall turnover was below average. Market depth remained negative, AD ratio being 2:5. FII's and DII's both were reportedly net sellers, FII's more than 800 crores and DII's just above 20 crores.

Asian markets on Friday opened big gap up, after touching the day's highs, pared the gains after seeing India struggle in negative zone, still ended with modest gains although at almost the lowest, Nikkei and Hangseng up about 2.5% and others closer to the flat line. Europe too started off well,...