The market is witnessing slight profit booking today, after a huge run up yesterday. The Sensex is at 19,847, down 82 points from the previous close. Nifty is flat at 5937. But the BSE Midcap and Smallcap indices are holding on to their gains and are up 1.4% and 1.9% respectively. Some profit booking is seen in banking and capital goods stocks. Market breadth is positive, with 835 advances against 306 declines on the NSE.

The Sensex may be somewhere between 20,000 and 21,000 by December-end, says Ajay Bagga, CEO, Lotus India Asset Management Company, on CNBC Awaaz. Technology was one of the laggards in the bull run seen this year and the BSE It index has given -15% returns over the past one year, he says. But he suggests one can start accumulating good stocks from this space, as they can give good returns in the coming 6-12 months.