“MSCI Global Standard Index saw a quarterly rejig today that could lead to inflows of nearly $1 billion from passive FII funds. Many stocks like NMDC, GMR Airports, Union Bank, BHEL, and Punjab National Bank were in focus after the MSCI review. After two days of sharp correction, the broader market saw some recovery. Going ahead Nifty is expected to remain in the broader range given the lack of positive triggers globally and mixed set of domestic Q3 earnings which too is unable to provide any support. All eyes will be on US inflation data that will be released late today, as it will hold key importance from the US Fed interest rate cut point of view,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.