The market is still trading higher, though off the day's highs. Sensex is currently at 19,168, up 227 points from the previous close. Nifty is at 5671, up 54 points. All BSE sectoral indices are trading in the positive terrain. Banking, metal and realty stocks seem to be the most popular.

Global cues are largely being tracked now and this may be the last leg of the bull run, says Anil Singhvi of Notz Stucki, on CNBC-TV18. He expects the Fed to cut interest rates by 25 bps in December. But if it does not, then profit booking might come in, he adds. Key concerns for the Indian market include politics, US & global slowdown and a populist budget.