According to Magnum Equity Broking, Nifty is likely to trade between 7550 and 7400 with some positive bias.
Indian market remained under pressure on Monday, falling for a fifth consecutive session as foreign investors turned sellers, hitting blue-chips such as ICICI Bank and Hindustan Unilever .
The benchmark BSE index ended 0.07 percent lower at 25,006.98 points. The
broader NSE Nifty also edged down 0.07 percent to 7,454.15. Recent out performers among blue chips continued to be hit by profit-taking.
US stocks climbed on Monday, with the Dow industrials back above 17,000 and posting an intraday record, as investors welcomed better-than projected earnings from Citigroup and a bout of corporate takeovers. Asian stocks turned mixed on Tuesday as investors awaited a central bank decision in Japan and Federal Reserve Chair Janet Yellen's two-day testimony later in the day.
Global cues are upbeat today with them SGX Nifty is showing 25 points up move in morning trade indicating that Indian market would open positive today and Nifty is likely to trade between 7550 and 7400 with some positive bias.
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