G20 summit could not do much about it. They know that they can only do something to avoid recurrence of such crisis in future. But the current mood could be changed only when confidence returns on the main street. Therefore, watch out for the economic data such as unemployment, consumer confidence, housing, inflation, GDP and quarterly earnings etc carefully, in the weeks to come.
Today, Japan and Hongkong have also entered into recession officially. But the world markets are mainly looking towards the trend in the DOW. But there are no signs of any fireworks there either! Breach of 8000 would be a signal of impending weakness.
Their General Motors(GM) is on the verge of bankruptcy that could shatter the Americans' confidence and morale. GM to America is what Maruti or Infosys is to India.

So, to sum it up, there is more likelihood of a sideways market with negative bias in days to come. More chances are of trending lower rather than breaking the ceiling on upside. Stay light!

Technically, BSE SENSEX closing below 9000(Nifty 2600) mark would be a signal of breaching the previous low of 7700(2300) in days to come. But a reversal from current levels could take it higher towards 11000(Nifty 3250) once again.

(Next update expected between 2.30 and 3.00 p.m.(9.30GMT) today).