The Volatile markets!

The Mumbai stock markets has been seeing rather a volatile trading session today. The market has been in the grip of a rather furious bull run which had pushed the stock indices to new heights. The BSE itself had crossed the 19,000 mark. As a way of controlling further FII's into the markets the SEBI had announced that it may take a look at regulating the P notes. These 'p notes' are one of the ways by which the FII's dump their money into the markets.
As a result of that news, the markets crashed right away losing almost 1700 basis points and then the circuit breakers were hit and trading was suspended. After statements from the finance minister indicating that the 'p notes' were not being banned in any form, the markets recovered rapidly and then dropped all over again. Today , the markets closed down at 17,000 and odd, down by 717 basis points. The shares moved in a broad range of 17,771-19,198 levels before closing at 17,998 levels. Will the Bull still run the markets tomorrow and will it still be volatile?
Lets hope that tomorrow is a better day for the markets at large!

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