Indian markets seems to be more resilient when compared to the world markets. Today most of the world markets are down by 2-5%. From today's low of 3324 it bounced back to 3370 ( NSE as of 12.15).
However, Indian Markets may be waiting for the European Markets to start and by end of today the Markets may go down by 3%.
Tip: Short Sell PNB at Rs.483 with a stoploss of Rs.487.30 and a target of Rs. 468-464.