That victorious feeling!

"Victory has a thousand fathers, but defeat is an orphan." John Fitzgerald Kennedy quotes.

The Indian cricket team has attained World Cup glory again after over two decades. It was a splendid team effort indeed and a proud moment to cherish for years to come. The Indian stock market too has been in terrific form in the past two weeks, thanks largely to strong FII inflows. But there might be some cooling as Brent oil trades near $120 a barrel. Nymex is hovering around $110.



Since the next batch of earnings is also just round the corner, investors could well choose to take a breather of sorts; unless the overseas investors have other ideas.

The start today is likely to be a positive one, spurred by upbeat global cues. US stocks closed higher on Friday on the back of a strong jobs report. European indices did even better. Most Asian benchmarks are on firm wicket as well.

Watch out for RCOM, Unitech and DB Realty after the CBI filed its first chargesheet in the 2G scam. Technical charts point to some sideways consolidation in the near term with 5700 acting as an immediate support.

It is possible that the market could turn rangebound and choppy in the run up to the corporate earnings. Any fresh spike in crude oil could temper the ongoing euphoria in the Indian market.

The recent rally has been driven mainly by the Large-Cap shares. But, going ahead, we could see the Small-Caps and Mid-Caps play catch up with their frontline peers. Having said that, one ought to exercise caution while trading in this space.

FIIs were net buyers of Rs 4.15bn in the cash segment on Friday, according to the provisional NSE data. The domestic institutional institutions (DIIs) were net sellers at Rs 4.12bn on the same day.

In the F&O segment, the foreign funds were net buyers at Rs 3.52bn.

Mutual Funds were net sellers of Rs 3.58bn on Thursday.