India one of the best performing markets globally this month

 The S&P BSE Sensex pared most of its morning gains and turned choppy in trade on Wednesday tracking muted trend seen in other Asian markets. According to analysts, the market may consolidate in the near term before continuing with its next leg of upmove

"The Indian market is expected to open flat to positive. During the day it may flirt with new highs may investors appear to remain cautious at these levels. Attention will again be on IT stocks especially TCSBSE -4.27 % after it signaled a weaker fourth quarter even as it remains confident of a stronger FY15.

The Nifty was at 6,507.70, down 10 points or 0.14 per cent. It touched a high of 6,534.75 and a low of 6,506.80 in trade today.

"On the upside 6600 - 6630  levels are seen as strong resistance zone, which we feel would be taken out very soon," the report added.

Nifty Losers :- TCS (3.75 per cent), WiproBSE -0.85 % (1.38 per cent), InfosysBSE -2.50 % (0.60 per cent), L&T (0.45 per cent) and MarutiBSE -0.21 % (0.38 per cent).

TCS was under pressure after the company signaled muted revenue growth in the January-March quarter due to decline in India revenues.

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