The market is trading lower now. The Sensex is at 19,918, down 47 points form the previous close. Nifty is at 5939, down 34 points. BSE Midcap and Smallcap indices are up 0.8% and 1.3% respectively. Market breadth is positive, with 781 advances against 403 declines on the NSE. Banking and realty stocks seem to be in demand.

DLF has a short to medium term target of Rs 1,250, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. In the longer term, the stock can go up to Rs 1,500-1,700, he adds. The stock is currently trading at Rs 1,016.95, up 0.6% on the BSE.

Growth in India is strong, and there is no case for the RBI to cut rates in the near term, says Rajeev Malik of JP Morgan Chase Bank, on CNBC-TV18. Fuel price hike is expected, but inflation is unlikely to rise above 5%, he adds. He sees dollar-rupee estimates at 38 by the middle of next year.