''After the profit booking seen yesterday, equity markets may open flat to positive today and remain range bound for the day. Interest rate sensitive sectors may trade with a positive bias,'' said ICICIdirect.
Domestic markets ended negative as investors grew cautious before the upcoming central bank's meetings and US jobs data even as the RBI cut the repo rate by 25 bps to 7.5%.
US markets ended negative partly due to profit taking, with traders continuing to cash in on the strength seen over the past few weeks along with a report from payroll processor ADP showing a notable slowdown in the pace of private sector job growth last month.
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