Nifty in narrow range; RIL, ITC, NTPC, HUL, Infy, Cairn up

At 12:54 hours IST - equity benchmarks were consolidating at around yesterday's closing values after seeing rally in previous four sessions. The Nifty was trading in a narrow range of 6125-6160, with a negative bias. Financial, telecom, capital goods, realty and auto companies' shares were on sellers' radar along with Hindalco, ONGC, TCS and Tata Steel.

The 30-share BSE Sensex was trading at 20,499, with loss of 61 points and the 50-share NSE Nifty declined 15 points to 6,142.

Experts are bullish on Indian markets, even though the year kick-started with tepid volumes and just about a modest price appreciation. Kalpana Morparia, CEO, JP Morgan is expecting the Sensex to be at 24,000 by the year-end.

She said,