There was a surprising turn to the sensex bull run after crossing 19K mark, marketing today crashed more than 1700 points, minutes after the opening bell. The sudden down fall of the market led SEBI to hit the panic button, closing the market for almost 30 minutes, before it resumed it trading for day.

The 30-share index, Sensex, tumbled to 17,307.90, a fall never seen before,and the impact wasn't limited to the Sensex only but also Nifty showed the symptoms and tumbles as much as 500 points after the opening bell.

Minutes after the market was closed for trading our honorable FM appeared on national television and urged investor and analyst, `not to panic` as this step was taken by the SEBI and it is aimed at arresting the surge in foreign inflows through PNs, which are offshore derivative instruments that allow foreign investors to invest indirectly in a the stock markets which has seen the BSE Sensex zoom more than 5,000 points in two months.

He also stated that there was nothing to be alert of and this was a normal procedure to curb the inflows of FII in Indian market.

With markets open at 10:55 am today, it has shown a signs of recovery as speculated by our honorable FM, all we have to see is can market recover till the day's end as quoted by FM.