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The markets are likely to remain range-bound in trade today in the absence of any major global or domestic cues.
In the near-term, the Nifty is likely to move in a range of 6,130-6,230 till we see a breakout in either direction. The bias is likely to remain positive as long as the Nifty sustains above 6,130, technical analysts suggest.
Overnight, U.S. stocks ended little changed on Monday with the Dow Jones industrial average closing 0.12 per cent lower at 15,335, while the Standard & Poor's 500 Index shed ended flat at 1,666 levels.
Asian shares were mixed in early trading. South Korean equities edged up 0.2 per cent after global markets mostly rose on Monday, but Japan's Nikkei index eased 0.1 per cent due to a pause in the yen's weakness.
At 705 am Indian Standard Time, the SGX Nifty was trading flat at 6,174 levels.
Among individual stocks, Adani Enterprises slipped into the red with a net loss of Rs 73.6 crore on standalone basis for the quarter ended March 2013, as compared to a profit of Rs 170.5 crore in the previous corresponding period.
India Cements will also react to 60 per cent dip in net profit at Rs 26.28 crore for its March 2013 quarter.
According to reports, Essar Oil is likely to sign a $1 billion loan deal with China on Tuesday that would be backed by supply of refined products to top state oil producer PetroChina.
Also keep a tab on Styrolution ABS (India) and Omaxe whose offer for sale will be open today.
