After stunning performance of the market last week, investors opted for profit booking on Monday. The Sensex fell 79.49 points to close at 18,673.34. A quick look at global and local set-up.
Dhiren Sarin of Barclays says, the Nifty is very rangebound. "For the time being, given the European issues, the Nifty can start to drift back towards 5,025. The range essentially remains 5,000 to 5,350," he adds.