Indian benchmark Nifty saw a range bound but positive movement yesterday. Nifty closed at day high of 8589, a striking distance from previous week high of 8605. The day was marked with outperformance from mid cap and small cap stocks along with consolidation of IT stocks. European Central Bank is expected to announce its credit policy today after market hours at 5:15 pm IST. Hopes of continued stimulus in the light of Brexit has become a possibility which should take all global markets higher.The top 5 gainers for Wednesday were AUROPHARMA, TATAPOWER, COALINDIA, BHEL and GAIL.Nifty is expected to open at 8584 as per SGX Nifty at 8:15 am IST, which was its yesterday's close.

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