Nifty may trade between 8345-8375: Indira Securities

Indira Securities’ Market Report:

Friday's trading session turned out to be a daunting one for stock markets in India and benchmarks ended below their crucial 27,500 (Sensex) and 8,350 (Nifty) levels with a cut of over a percentage points. Sentiments remained down-beat since beginning of the trade on report that foreign institutional investors were net sellers in equities to the tune of Rs 277 crore on Thursday, as per provisional stock exchange data.

Sentiments also remained dampened after Infosys reported lower-than-expected Q4 numbers. For today’s trade Nifty likely to trade in the range between 8345 – 8375 in the upper side and 8270 – 8250 in the lower side.

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