Opening Bell - Markets to Consolidate

The markets are expected to consolidate the gains build up in its journey in last few sessions. The sentiments looks positive. FII's are busy buying stocks with net buying of 368 Crore on Wednesday. Mutuals funds have also woken up and have fuelled up their buying. They were net buyers of Rs. 311 crores. On the Global indices, Asian markets have thrown a mixed response while the US markets were down. However, at present the Indian markets are driven more by local factors than the global trends.

Talking of stocks, Reliance Indutries felt just 1 rupee short of the 1300 mark. The company has opened a slew of Reliance fresh stores today in Hyderabad. The stock is expected to cross the 1300 mark and close above that level in today's session.

Other stocks to watch are GVK Power, Era Construction, ICSA and Gitanjali Gems.