New Delhi, July 4 -- The Indian stock market has been trading rangebound over the last few sessions, with the benchmark Nifty 50 remaining between 24,800 and 25,660.

Since the start of the July F&O series on Friday, June 27, the Nifty 50 has traded within a narrow band, fluctuating less than half a per cent in either direction. Thus, after posting gains for two consecutive weeks, the index now appears poised to close this week in the red.

On Friday, July 4, the index opened at 25,428.85, up from its previous close of 25,405.30, and hit an intraday high and low of 25,458.65 and 25,370.55, respectively.

The Sensex opened at 83,306.81, up from its previous close of 83,239.47, and hit an intraday high and low of 83,441.95 and 83,102.55, re...