The 30-share Sensex is down 14.54 points (0.05 percent) at 27867.92, while the Nifty has fallen 6.45 points (0.07 percent) at 8634.80.
Sanjeev Prasad of Kotak Institutional Equities says the market has factored in the passing of the Goods and Services Tax (GST) and hence is likely to be rangebound.
Arvind Sanger of Geosphere Capital Management says the poor Q4 earnings season hints at the dismal condition of the economy as there was virtually no topline growth in the quarter.
Speaking to CNBC-TV18, Girish Pai, Independent Market Analyst says, that while the RBI has put off the repo rate hike, it is likely to come in January as the CPI is unlikely to fall below 8 percent.
Speaking to CNBC-TV18, Jonathan Barratt of barrattsbulletin.com says people are likely to sell their ETFs in order to move in more high yielding assets.
Amit Trivedi, co-founder, Investworks.in believes an investor should now be focusing on individual stocks and adds that stocks are fairly priced right now.
The rupee is likely to be in the range of 58-62 against the dollar, Ray Farris, director, Credit Suisse said.
In an interview to CNBC-TV18, Ashutosh Raina of HDFC Bank says the rupee will be hovering around 61-62 levels against the dollar.
CNBC-TV18's Udayan Mukherjee believes the market will linger in its present range and will not correct too much.
Independent analyst Ambareesh Baliga sees a rangebound Nifty in the days to come before Finance Minister, P Chidambaram announces the Union Budget 2013.
In an interview to CNBC-TV18, Sandeep J Shah, chief executive officer, Sampriti Capital gives his expectations on the market's performance. Shah expects the Nifty to be rangebound.
In an interview with CNBC-TV, market analyst, Sangeeta Purushottam gave insights about the market, sectors and her expectations from the earnings season.