Sensex today

It was as if Virender Sehwag had regained his long lost touch as the BSE Sensex today finally overcame the blues that it had suffered due to three consecutive sessions of heavy losses, scoring a triple ton. IT managed to collect runs on the back of a recovery in the base-metal prices as also due to recovery in Asian markets, especially Japan's Nikkei that managed a good show on waning concerns of a strengthening yen. The market was also responding to tame inflation data in the US, which generated hopes of a curb to further interest rate hikes.
The Indian market advanced consistently throughout the day, on broad-based buying witnessed in various strata of stocks.
The BSE Sensex ended with a spurt as buying momentum continued throughout the day for key pivotals.
The BSE Sensex advanced 344.08 points (2.90%), to 12,217.81
The S&P CNX Nifty surged 112 points (3.17%), to 3,635.10
Market breadth was good 27 advanced while only 3 declined
Metal stocks surged after a sharp fall in the past few days as product price firmed on the London Metal Exchange (LME). A host of metal stock plunged in the past few days on worries of softening metal prices.
Also, Mittal Steel’s takeover of world’s second largest steel company–Arcelor, being cleared by regulators from three countries also bolstered metal stocks.
The real estate sector has witnessed tremendous attention over the past two years owing to the booming Indian economy, increasing demand for better quality housing and commercial spaces and, consequently, rising prices of land holdings.
Also, see The Nikkei rose 149.25 points, to 16,307.67 after falling more than 1,100 points during the previous six sessions.

DOW and NASDAQ are a bit down today, so seems like its not the end of correction and we will see more downside from here.