Indira Securities’ Market Report:
Local equity markets closed with significant losses in Monday's trade, which dragged both Sensex and Nifty below psychologically crucial 27,200 and 8,250 levels respectively. Cautiousness at the start of F&O expiry week and not so encouraging earnings from corporate also weighed on the sentiment.
Meanwhile, session also remained daunting for broader indices, which were trading with cut in the range of 1.50-2.50 percent. For today’s trade Nifty is likely to trade in the range between 8240 – 8260 in the upper side and 8190 – 8170 in the lower side.
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