Indian equity markets are expected to remain range-bound as investors await the quarterly results of heavyweight companies including Reliance Industries, HDFC Bank and ICICI Bank. The GIFT Nifty indicated a flat-to-positive opening, while traders preferred to avoid aggressive positions before the earnings announcements.
The Sensex and Nifty have been consolidating over the past few sessions, supported by domestic institutional buying but weighed down by foreign investor selling and higher crude oil prices. Analysts believe strong earnings from banking and energy majors could determine the market’s next major move.
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