With the start of earnings season, analysts expect stock-specific action as well as sectorial rotation in the market. The IT sector would be in focus with TCS announcing its results post-market Wednesday, while Infosys and HCL Tech earnings are due later today.
Foreign portfolio investors remained net sellers in the market, as they net sold shares worth Rs 1,005 crore on Tuesday, according to the provisional data. On the contrary, DIIs net bought shares worth Rs 1,963 crore.
"Overall, we expect the market to remain range-bound with a bout of volatility given the uncertainty still looms globally, despite the ease in US 10-year bond yield and fall in crude oil prices,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.