New Delhi, May 27 -- The Indian stock market benchmarks, the Sensex and the Nifty 50, traded rangebound in morning trade on Wednesday, 27 May. The Sensex rose to an intraday high of 76,225 and touched an intraday low of 75,797 during the session. The NSE counterpart Nifty 50 touched an intraday high and low of 23,983 and 23,869, respectively.

Reports of US strikes on southern Iran and Israel's strikes in southern Lebanon are keeping investors cautious, even as the US and Iran continue their talks through intermediaries.

According to experts, the market may remain in a range unless there is clarity on the US-Iran peace talks front. On the technical front, the range of 24,100-24,200 is likely to act as an immediate resistance, while a dec...