WHERE HAS THE MONEY GONE FROM INDIAN MARKETS???

The Nikkei down by 468.12, KOSPI down by 41.98,Taiwan down 249.30pts , FTSE down by 71.80, CAC 26.94, Nasdaq -35.04, Dow Jones -55.76
Were these cues in the morning any indication of what the Indian markets are going to see today. The sensex bleed 382 pts and nifty chopped down by 138 pts. But the point to thing is where has all the money gone. Its has moved out of global markets and Indian markets also. Some experts believe that the Indian market fall was not because the foreign funds are not coming but the money is flowing towards the two IPOs. The reliance got 14 times and future got 131 times oversubscription. But if that is to be believed then we should be ready for really bad year and this year will see bigger and bigger IPOs tapping primary market…