"Banking and commodity stocks to gain limelight today"

Bull market or bear market?

We expect the markets to turn bearish.

Stocks likely to be in limelight today?

Banking and Commodity stocks will take the centre stage.

Sectors likely to impact market today?

Banks - Quarterly results from State Bank of India will set the tone.

Your mid-term view?

Nifty has touched our intermediate target. We had been expecting mid and small stocks to outperform the broad index. Mid-cap is up 9% and small-cap index is up10% from its recent low. Nifty has risen 5% from recent low touched in mid-July.

What drove markets on Thursday?

Metals and Banking stocks. Corporate lenders lead the banking sector higher.

VK Sharma, head PCG and Capital Market Strategy, HDFC Securities