According to Mafatlal Securities' Morning Note, Indian Market is likely to remain range bound today.
Mafatlal Securities' Morning Note:
The Market is expected to open positive as the N-Deal has been accepted by the US government with 2/3 majority and further the bilateral trade between US and India is expected to be positive in future. However the Asian markets are trading mixed. Though the major stock markets in Asia opened positive on the back of positive cues from the US government about the $700 billion bail out plant but the bill would authorize $250 billion immediately, with another $100 billion upon presidential certification. A further $350 billion would also be available subject to congressional approval. US indices ended flat on Friday with the Dow Jones ended in a positive the NASDAQ down by 3 points. Indian Market is likely to remain range bound today.
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