Indian markets are likely to remain range bound tracking global indices.
US markets showed a lack of direction over the course of the trading session on
Thursday with the major averages bouncing back and forth across the unchanged
line. Despite the lackluster performance the techheavy Nasdaq reached a new
record closing high. The choppy trading on Wall Street partly reflected uncertainty
about the outlook for the markets after the major averages reached new record
closing highs on Wednesday.
The European markets spent much of Thursdays session in positive territory but
remained stuck in a sideways pattern. However the majority of the markets dropped
in late trade and finished the session in the red.
Indian markets ended a rangebound session slightly lower on Thursday ahead of
earnings results from market heavyweight Reliance Industries due out later in the

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