''For today's trade market likely to trade in the range between 8,420 - 8,440 in the upper side and 8,390 - 8,370 in the lower side,'' said the broking house Indira Securities.

''Indian equity markets closed with moderate gains in Thursday's trade. Investors have turned cautious ahead of the winter session of parliament which begins next week and RBI's policy review schedule on December 2, 2014. Traders were seen piling positions in IT, TECK and FMCG sector while selling was witnessed in Realty, Consumer Durables and Power sector stocks,'' it said.

''Sugar stocks were trading under pressure after Food Minister Ram Vilas Paswan stated that there are no plans as of now to extend sugar export subsidy in 2014-15 season,'' it added.

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