Today, we expect another cautious start on the back of mixed cues coming in from the global markets. Indices across the globe are awaiting outcome of the Fed meet and its stance on interest rates. Also, ECB will meet this week to review the interest rates. The outcome of these meetings could provide the next trigger for the markets. Against this backdrop, we expect Indian market to consolidate around the current levels in the near term.
Large-caps could again take a back-seat as action is likely to continue in second line stocks. Stock specific activity could again be the order of the day.
Stocks to watch RIL, GNFC, Tata Steel, CESC and NTPC
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