''Indian markets are expected to be range bound tracking the muted trend in other global markets. In the near term, the market movement will be driven by fluctuations in energy, commodity prices and currency movements,'' said ICICIdirect.
Domestic markets ended positive as sentiments remained upbeat on the back of the statement of the International Monetary Fund (IMF) that near-term growth prospects remain favourable in India but some macroeconomic imbalances still exist.
US markets ended flat as traders looked ahead to the release of the Labour Department's closely watched monthly jobs report.
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