It will be a stock specific market today

Bull market or bear market?

It will be a stock specific market in which broad market will be under pressure of global risk-off.

Stocks likely to be in limelight today?

Stocks from IT, Consumption and Private Banks are likely positive under the momentum of quarterly results.

Sectors likely to impact market today?

Consolidation is expected in CV's, Cement and Mid and Smallcaps in the ongoing earnings season.

Your mid-term view?

Forecasting improvement in the domestic earnings cycles while the threat from global risk-off and inflation, keep the market muted.

What drove markets on Wednesday?

The market could not maintain the early morning's positive momentum led by a weak start to the monsoon parliament session due to no-confidence motion, which is likely to be taken up on Friday. The mid and small-cap faced selling pressure due to profit booking post-Tuesday's rally.

Vinod Nair, head of Research, Geojit Financial Services