''For today's trade market likely to trade in the range between 7,940 - 7,960 in the upper side and 7,910 - 7,870 in the lower side,'' said the broking house Indira Securities.

''Indian equity markets closed with significant gains in Tuesday's trade. The sentiments also got some support on report that foreign funds were net buyers in Indian stocks to the tune of Rs 10.4 billion on Oct. 20, 2014. Traders were seen piling positions in Infra, Power and Consumer Durables while selling was witnessed in Oil & Gas sector stocks.''

Indian markets settled higher on Tuesday led by sharp gains in realty, power and metal stocks. At the close, the benchmark 30-share index, BSE Sensex gained 145.80 points or 0.55% at 26,575.65 with 21 components posting rise. Meanwhile, the broad based NSE Nifty went up by 48.35 points or 0.61% at 7,927.75 with 36 components posting rise.

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