It's a stock-specific market with positive bias

The markets are holding very well above 5400 till now. It has been yet another range-bound session for the Nifty, but the bias has been positive and a lot of individual stocks, particularly from the infrastructure space have done very well today, says Udayan Mukherjee, managing editor, CNBC-TV18. So it is not a bad session of trade; it is consolidating, but certainly with a positive bias.

The market retains its focus on liquidity and on what is going on with the global markets rather than the corporate earnings numbers.

Global markets have however been stable today. There is nothing exceptional there, but they did start the week down and are in recover mode now. That has also given a little bit of a fillip to the market mood to stay above 5400 today. We are coming to a point where traders are telling themselves that with seven days of the Nifty just being around 5400, it is better to focus on individual stocks because that is where you probably make some trading gains. That is pretty much what is playing out today.

So it is very stock specific market and that too with a bullish bias, despite the occasional bit of bad news coming on the numbers front.