Indian markets opened marginally higher but are likely to trade cautiously and range-bound amid continued FPI selling, mixed global cues and muted budget expectations. IT stocks supported early gains, while overall sentiment remained subdued despite optimism around possible trade deals

Answering queries during a press conference today on Conference of Speakers and Presiding Officers of the Commonwealth, Lok Sabha Speaker Om Birla said that the union budget will be presented at 11 am on February 1 in the House