Markets were on the positive note throughout the day with buying visible at lower levels. Sensex traded well above the 21200 mark & Nifty was trading above 6300. It was an encouraging start for the new series of F&O segment as it was the first day for the Jan 2014 contract.

All sectoral indices were in green the only exception was that of oil & gas which was down marginally. The border markets were much higher than the benchmark index indicating a strong market breath. We expect the markets to continue its upward move to 6385/6400 levels in the next week hence recommend buying on dips.

Activity on the institution side I likely to be on the lower side due to calendar year end.

Stock Market Research Report by Market Analysts at Geojit BNP Paribas Financial Services.