Market may go down today

U.S. stocks plunged on Tuesday, driving the benchmark S&P 500 to its worst day in one and a half years, as concern about Lehman Brothers' ability to raise capital and about the broader financial sector.Lehman's slide began on news that talks about a possible investment into Lehman from Korea Development Bank had broken down.A report showing a steeper-than-expected decline in pending sales U.S. homes in July added to the negative tone.

Though RBI Governor expressed his cautious approach on interest rate hikes, Market tend to go down before attempting to raise further. Hence my Yesterday's market view holds for today also. I expect a 100 points correction today.

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