Consumer durables, oil and gas could do well today, FMCG may underperform

1. Bull market or bear market today?

Mildly bullish market.

2. Stocks likely to be in limelight today?

ICICI Bank, BPCL and Praj Industries.

3. Sectors likely to impact market today?

Consumer durables and oil and gas could do well, while FMCG (fast-moving consumer goods) could underperform.

4. Your mid-term view?

11,118 level on the Nifty could prove to be a resistance over the next few days. Small and midcap stocks have risen for 11 days from the recent bottom and could top out for the near term in a day or two.

5. What drove markets today?

Markets rose with above average volumes with a positive breadth as risk appetite of participants increased and attention shifted to beaten down small and midcap stocks. Select large-caps also saw buying interest.

Deepak Jasani, head - retail Research, HDFC Securities