Hi Saurav,
A 760/Q49 is an outstanding score - and you can comfortably apply to any Business Schools that interest you.
The process of applying to (and ultimately attending) Business School will require a big investment of time, money and energy on your part, so you really should make sure that the Programs that you apply to match your career goals/needs. There are a variety of factors that go into selecting the Schools that you'll apply to, so instead of just thinking in terms of the Programs in which you might have a good chance to 'get in', here are some other things to consider:
1) Is there a particular company that you want to work for or industry that you want to work in? Certain degrees are more appropriate than others if you have a specific career goal.
2) What do you want your MBA to do for you?
3) Do you want to go to School full-time or part-time?
4) Are you willing to relocate? Are you comfortable with working through a program that is primarily online?
5) Are you going to be applying for scholarships?
Etc.
Once you have a clearly defined Program "Goal", you can better research the Schools that fit what you're looking for.
GMAT assassins aren't born, they're made,
Rich