Mumbai, Dec. 30 -- Domestic benchmark equity indices opened on a subdued note on Tuesday, with market sentiment remaining cautious amid a lack of positive triggers. Experts expect markets to stay range-bound with a negative bias, driven by FPI outflows, monthly index expiry and mixed global cues.

The Nifty 50 index opened at 25,940.90, while the BSE Sensex began the session at 84,600.99, registering a marginal decline of 94.55 points or 0.11 per cent.

Market participants remained guarded despite strong domestic macro data.

Ajay Bagga, Banking and Market Expert, told ANI, "India saw a strong IIP number, but markets take these numbers with truckloads of salt, as the reporting by corporates is inconsistent and patchy, leading to wild vari...