The US market has been going down since 6 months, it is practically dismal how much stock market losses have piled up. The fact is- the entire world is affected by he soaring petroleum prices. The only people doing well are the dastardly Arabs, who are piling away $$. Saudis already Own 65% stake in Citicorp., and Bank America is next.
So, Indian markets not doing well is not news. We are all suffering.