Indian Markets : Are we at the end of the mayhem?

Just like optimism is at its highest during the last phase of a bull market could this be the lowest point that is common during the end of a bear market? I can't see how more pessimistic one can be! How can one explain blue chips falling 10% or more in a day! The markets are now purely fear driven and no one can talk about fundamentals anymore. Just sit and watch and hope!

Just a while ago Mr. Deepak Parekh said on CNBC that even 100 Crores were not available in the market today. You could feel the pain in his voice when he was talking and he went to the extent of blaming RBI for the mayhem today because of their rigidity in infusing liquidity in the market.

RK