Indian markets are likely to remain range bound tracking global indices, said Angel Broking in its report.

US markets showed a lack of direction over the course of the trading session on Thursday, with the major averages bouncing back and forth across the unchanged line. Despite the lackluster performance, the tech-heavy Nasdaq reached a new record closing high. The choppy trading on Wall Street partly reflected uncertainty about the outlook for the markets after the major averages reached new record
closing highs on Wednesday.

The European markets spent much of Thursdays session in positive territory, but remained stuck in a sideways pattern. However, the majority of the markets dropped in late trade and finished the session in the red.

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