The Indian market is likely to consolidate on Wednesday tracking muted global cues.
The S&P BSE Sensex fell more than 200 points while the Nifty50 managed to close above 20,100 levels on Monday. The stock market remained shut on Tuesday on account of a public holiday.
India VIX was down by 0.60% from 10.90 to 10.83 levels in the previous trading session. Volatility cooled off and as a result momentum lacked in the overall index.
