Markets seen active as F&O expiry nears

With the F&O expiry for the ongoing Dec series around the corner rollovers have started taking centre-stage in terms of activity by market participants. The initial rollover statistics clearly indicate an all-round participation in the markets, with a higher percentage coming into sectors like REAL ESTATE, CAP GOODS, INFRASTRUCTURE, PHARMA and IT. As far as stock specific activity goes, the heavyweights like RIL, ONGC, TCS, INFY continue to dominate the movement of key indices while its the midcap segment of the market that’s abuzz with a lot of activity. There is continued interest that seems to be growing in the usual suspects – stocks like VIP, VOLTAS, IRB, LICHSGFIN, HAVELLS have all seen significant price-volume action in recent sessions and continue to participate in the momentum. Markets could head slightly higher to the 6350 zone by Thursday, post which, the expectations from the January series will start deciding the future course.