Equities are likely to open lower

Equities are likely to open lower following weak global markets and is likely to be rangebound ahead of extended weekend and inflation data

Bounce back in crude oil prices and pull-out of equity worth Rs 915 crore from FIIs may further dampen sentiments.

Crucial support for Nifty is at 4498 points; a decisive breach of it would test the next level at 4458 points.Markets are taking a breather in a curtailed week of trading. Be cautious as range expansion is likely in the coming days