The key benchmarks reinstated their composure after initial glitches and a great deal of jerkiness. Capital goods realty and consumer durables stocks were in demand while FMCG and oil & gas sectors were left behind though were trading on the higher side.

The domestic market did not look good on the last trading day of the year. The indices made a stable opening due to good global cues but profit booking from the very beginning led them into the red. Though the breadth continued to be positive, banking stocks, along with the PSU sector, has pulled the market from its early gains.

The domestic market is likely to see a positive start, continuing the rally of last two consecutive days. The global cues are indicating a good opening as the US market has closed with a rally and the Asian indices have made a firm opening, though trading today is expected to see a thin volume.

The Indian market is likely to see a firm opening after yesterday’s smart pull-back rally, The leap in crude prices, on continuing tensions in the Middle East, will see oil companies hogging the limelight today. Cues from Wall Street were not very supportive but Asian markets have started good and are trading with good gains the early trades.

The domestic market may kick start the day on a positive note after yesterday’s last hour disguise, though the mood is expected to remain guarded.