Equities likely to be range-bound on mixed global cues

Indian markets are likely to move in a range in the early part of Wednesday amidst mixed global cues. The SGX Nifty at 15,623 (8 am IST) signals a flat opening for Nifty futures on Tuesday closed at 15,618.95.
Asian and US markets (overnight) present mixed cues. Most Asia-Pacific stocks such as Japan, Korea, Australia and Taiwan are ruling slightly ahead while Chinese markets are red. While Dow closed a tad higher, tech-focused Nasdaq and broader S&P 500 indices edged down marginally on Tuesday….

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