After a year of consolidation, Indian equities are likely to continue to stay in a trading range, albeit with high volatility.
"confidence in equities" was getting eroded and added that there was no reason to believe the Indian market will stand out in 2016 amid weak cues globally.
"The upside for the Indian market is capped but there is no strong case for a bear market right now,"
The market is absolutely flat with no strength seen. The Sensex is up 11.15 points at 25634.50 and the Nifty is up 4.55 points at 7795.85.
Tata Steel, GAIL, M&M, HDFC and Bajaj Auto are top gainers while Coal India, TCS, Infosys, Adani Ports and ICICI Bank are losers.
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