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[Sumans_Fan]

Reasons of Today's fall:-

Inflation and crude at all time high, credit crisis not over - AIG disappoints

Govt unable to contain inflation, Steel companies budge under govt pressure to reduce price.

Oil prices are center stage today, maybe deliberately, maybe happenstance. Oil is the catalyst; it can make or break economies. However, I believe we are close to a major market key reversal in crude.

U.S. stocks also fell on Friday as the financial sector spouted more leaks after American International Group Inc. reported a $7.8 billion loss and Citigroup Inc. unveiled plans to shed about half a trillion dollars in assets.

"AIG is a reminder that while the bulk of the stock market is in good shape, the financials and consumer discretionary stocks are still having some difficulties,"