Sensex to range between 19200 - 19650 - ICICI Bank : Treasury Research

Indian stock markets opened in the green tracking positive cues from US and Asian peers. Caution is likely to prevail ahead of the start of the Apr-Jun earnings announcements and release of IIP and CPI data due this Friday. The movements in Rupee would be key in providing direction to stock markets. On the global front, the FOMC minutes due to be released later today would be closely watched for cues.

Meanwhile, the downward revision by the IMF in India's FY2014 GDP growth projection to 5.6% YoY from 5.8% YoY previously has had a limited impact. Technically, Sensex is expected to trade ranged between 19200-19650.

Source : Equity Bulls

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