The markets were down today the BSE tanked 205 points touching 27710 and the Nifty tanked 56 points touching 8510. The markets were over valued and the results of 1st quarter are not that good. Banks have been pulled down because of NPA s results of Wipro and Infosys have been bad, software firms who have concentreted on Europe are facing a problem due to the recession there. Cement stocks seem to be doing well due to high demand. L&T Infotech opended in the negative today defying all market expectations. But over all markets seem to be good, due to the good Economic conditions manufacturing companies might do well. HAPPY TRADING AND INVESTING.