Yesterday we saw a nosedive drop in the US markets. Dow fell down to its 5 yr low and Nasdaq at its 6 yr low. S&P fell the most at 11 yr low. Dow Jones has a support at 7500 levels, as we have seen the Dow bouncing back at the same levels after the 9/11 incident. US Umployement claims increased by 20,000. Crude fell down at 48$ per barrel.
Rupee is rushing towards 51.