Bajaj Finance, Maruti Suzuki, Bata likely to be in focus today

Bull market or bear market?

The market is likely to extend the current positive trend on the expectation of dovish RBI policy outcome.

Stocks likely to be in limelight today?

Bajaj Finance, Maruti Suzuki, Hero MotoCorp, Bata India

Sectors likely to impact market today?

Banking, Consumer Discretionary and Auto sector on the expectation of change in RBI policy stance and gradual reduction in interest in near future.

Your mid-term view?

The market has turned positive post the interim budget as it was better than expected. While Q3 results so far were has been mixed. The continuity of the positive momentum largely depends on the outcome of RBI policy meet and direction of global markets. Having said that the upside may be capped as general elections are near the corner.

What drove markets on Wednesday?

The domestic market rallied 1% led by broad-based buying across sectors, Nifty breached its narrow trading band of 10650-10950 on the expectation of a shift in RBI's policy stance and strong FII inflows. Additionally, a drop in bond yield and marginal strength in rupee adding strength to this expectation.

Vinod Nair, head of research, Geojit Financial Services