Blood bath will continues today.

Thebullishtrends: After loosing consecutively for 5days in the last week the sensex down trend will continue today also. Asian markets are trading weak and manily Hang Seng down almost 650 points. US markets closed with losses on Friday. FIIs will continue drain funds from the stock markets today. Even domestic funds were active in the last week they bought nearly Rs.700 crore in the last week. As per the market sources the recent fall in domestic markets are because of trigger calls. US markets are now looking for US Fed rate cut.

Besides in IPO market today Cords Cable Industries Issue opens today the company offers Rs.10 face value shares with a price band of Rs.125-135 with a min lot of 50 shares. Cords Cable IPO will close on 24th January'08.(9:45AM)