''For today's trade market likely to trade in the range between 8,060 - 8,080 in the upper side and 8,030 - 8,010 in the lower side,'' said the broking house Indira Securities.

''Indian equity markets closed with moderate losses in Monday's trade. India's main inflation gauge, based on monthly WPI, stood at 3.74% for the month of August as compared to 5.19% in the previous month and 6.99% during the corresponding month of the previous year. Meanwhile, market-participants also drew some solace from RBI's governor's statement. Reserve Bank of India (RBI) Governor Raghuram Rajan said India's macroeconomic indicators were improving and that inflation was coming down consistent with the central bank's forecast,'' it added.

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