Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.

After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.

Mr. Dama also said that the pessimistic reaction, which was there in the market, has exited that is a positive sign for the Indian markets. He anticipates the similar movement to carry on today. He is optimistic on fast moving consumer good (FMCG) as well as banking segment and suggests Prism cement and Dena Bank for trading.

On the other hand, Divya Arora, assistant manager, Karvy Stock Broking stated that yesterday over 40 per cent of the change happed due to expiry date. Since the starting session changes happened very smoothly. Short covering was seen in technology stocks that are expected to go on today also. Buying was seen in capital goods companies and Reliance Industries.

According to Divya, the same movement is expected to continue in today’s session. “It is expected to be better but on the lighter side,” said Divya. She is bullish on Voltamp Transformers.