The bulls are waiting in the darkness and praying for a miracle. But the nightmare is likely to continue.

Despite a pullback on Friday, Indian markets are expected to open on a weak note. The US Federal Reserve on Sunday slashed its discount rate by 25 basis points and sought to ease the liquidity crunch further. Expectations were of a higher cut and the Fed’s decision has not gone too well with the markets.

Despite a pullback on Friday, Indian markets are expected to open on a weak note. The US Federal Reserve on Sunday slashed its discount rate by 25 basis points and sought to ease the liquidity crunch further. Expectations were of a higher cut and the Fed’s decision has not gone too well with the markets.