FED Decided to increase bank discount rate after US Markets Shut
http://www.ft.com/cms/s/0/f51cab54-1...44feab49a.html
Futures fall sharply to 1%
Hang Seng Down 3%
Nikkie Down 1%
Australia Down 1%
SGX Nifty Down 1%
US Futures Stayed 1-1.5% down
Expect around 2% cut in Indian Markets but dont be fool if it tries to reach for 4920+ before going back and giving away all the gains..
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