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The Indian equity market will see an upward tick only if five to six stocks like Reliance Industries , Tata Motors , Larsen and Toubro , SBI etc., participate, says Deven Choksey of KR Choksey Investment Managers in an interview to CNBC-TV18, adding that fundamentally these are stocks with good business prospects, are available at lucrative valuations but they haven't seen any inflows into them.

The macro-economic front, government will announce retail inflation for November and industrial output numbers for October later in the day. Retail inflation rate likely rose above the Reserve Bank of India's medium-term 5 per cent target in November as food prices climbed, leaving little room for more interest rate cuts.