4:00 PM - The Asian markets had a bad day and Europe too was trading in the negative. The Indian market digested the IIP numbers and closed weak. Experts on the market feel all eyes are on the crucial SEBI meet tomorrow. Sensex shut shop at 15212, down 291 points and Nifty at 4552, down 68 points from the previous close. CNX Midcap index was down 0.94% and BSE Smallcap index was down 0.70%. The market breadth was negative with advances at 401 against declines of 858 on the NSE. Top Nifty gainers included BPCL, Siemens and Cairn while losers included Tata Steel, Maruti and HDFC.

3:57 PM - ICSA India has a price target of Rs 450 in 12 months, says Ashish Maheshwari, technical analyst, on CNBC TV18. The company has an order book of Rs 900 crore to be executed over 12 months, he adds. The stock is currently trading at Rs 348, down 2.28% on the BSE.

3:54 PM - Gammon India has resistance at Rs 270 one can book profits and exit the stock, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. One can buy more stock at Rs 200, he adds. The stock is currently trading at Rs 246, up 5.58% on the BSE.

3:50 PM - ONGC has resistance at Rs 1100-1350 and support at Rs 1000, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 1093, down 0.93% on the BSE.

3:45 PM - Taj GVK will show some movement only after it crosses Rs 120-125, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. But it can underperform for some more time to come, so it is best to exit the stock and switch over to, maybe EIH, he suggests. The stock is currently trading at Rs 90, up 0.17% on the BSE.

3:42 PM - RPL will face strong resistance between Rs 180 and Rs 205, says Sanjeev Agarwal, technical analyst, on Zee Business. So one can look to exit the stock here, he suggests. Look at re-entering it at Rs 150 or so, he adds. It is currently trading at Rs 165.10, down 1.02% on the BSE.

3:39 PM - The market closed weak. Sensex closed at 15222, down 281 points (provisional) and Nifty at 4552, down 68 points (provisional) from the previous close. CNX Midcap index was down 0.93% and BSE Smallcap index was down 0.73%. The market breadth was negative with advances at 401 against declines of 858 on the NSE.

3:31 PM - Book profits in this market and initiate long above 4620 for the Nifty, says Vijay Bhambwani, technical analyst, on CNBC-TV18, as closing market strategy.

3:30 PM - Buy Nifty with stop loss of 4480 and target of 4800 and buy Motilal Oswal and India Infoline in the short term, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.

3:27 PM - Madhucon Projects has a price target of Rs 400 in 12 months, says Ashish Maheshwari, technical analyst, on CNBC TV18. The company has an order book of Rs 2800 crore to be executed over 24-36 months, he adds. The stock is currently trading at Rs 302, up 2.32% on the BSE.

3:22 PM - Punj Llyod has resistance at Rs 390 and support at Rs 245, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 300, up 0.23% on the BSE.

3:18 PM - Tesco enters into an exclusive franchise agreement with Trent's Star Bazaar, says Noel Tata, MD of Trent, on NDTV Profit. Star Bazaar currently operates four stores, he says. Tesco plans to invest Rs 2000 crore and set up 50 stores over five years, he adds. Trent is currently trading at Rs 555, up 11.17% on the NSE.

ninad avasare
Doubling Stocks

3:13 PM - The market will continue to be rangebound with a negative bias for some time, says Ajit Surana of Dimensions Securities, on CNBC TV18. It would be advisable to take a call on the market after SEBI's meet tomorrow, he adds.

3:08 PM - Fundamentals are putting pressure on crude, says Jason Feer of Argus Media from Singapore, on NDTV Profit. Crude oil prices may not fall below $70-80, he adds.

3:04 PM - Despite poor global cues, the Indian market is trading quiet. Sensex is trading at 15223, down 280 points and Nifty is at 4565, down 54 points from the previous close. CNX Midcap index is down 0.65% and BSE Smallcap index is down 0.36%. BSE Bankex and BSE Metal index are down nearly 2.5%. The market breadth is negative with advances at 411 against declines of 837 on the NSE.

2:56 PM - Central Bank of India has resistance at Rs 70-72 where one can book profits and exit the stock, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is showing weakness so maintain a stop loss of Rs 60, he adds. The stock is currently trading at Rs 64, down 1.08% on the BSE.

2:47 PM - Nifty has crucial resistance at 4700-4800 and one should not enter fresh long right now, says Sudhanshu Pandey, technical analyst of LKP Shares, on NDTV Profit. It is advisable to book profits now as the market may see a dramatic and swift reversal, he adds.

2:41 PM - HEG has resistance at Rs 300-325 where one can book profits and exit the stock, says Sanjeev Agarwal, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 230 as if this is broken the stock may go down to Rs 175, he adds. The stock is currently trading at Rs 278, up 5.47% on the BSE.

2:33 PM - Nymex crude slips below $113/bbl, is trading at $112.83, down 1.61%, reports CNBC TV18. The market is seeing a mild recovery now. Sensex is trading at 15269, down 234 points and Nifty is at 4564, down 55 points from the previous close.

2:29 PM - UK retail giant Tesco and Trent (Tatas hold 29% stake in it) enter an exclusive tie-up, reports CNBC TV18. Tesco to initially invest pounds 60 million in two years for the cash and carry business based in Mumbai. Trent is currently trading at Rs 558, up 12.44% on the NSE.

2:21 PM - Panacea Biotech has bagged $35 million drug supply order from Unicef, says Rajesh Jain, joint MD of the company, on CNBC TV18. The UN order is expected to boost the bottomline, he adds. The stock is currently trading at Rs 316, up 5.23% on the BSE.

2:13 PM - Allahabad Bank has resistance at Rs 68-72-80 and support at Rs 60 where more stock can be bought, says MB Singh, technical analyst, on Zee Business. Maintain a stop loss of Rs 53, he adds. The stock is currently trading at Rs 66, down 1.12% on the BSE.

2:04 PM - The market continues to trade weak. Sensex is trading at 15202, down 301 points and Nifty is at 4548, down 72 points from the previous close. CNX Midcap index is down 0.99% and BSE Smallcap index is down 0.77%. BSE Bankex is down 3.7% and BSE Metal index is down 3.5%. The market breadth is negative with advances at 351 against declines of 897 on the NSE.

1:56 PM - The economic slowdown is evident globally and the lower IIP numbers were factored in by the Indian market, says Ketan Karani, VP of Kotak Securities, on CNBC TV18. The hangover of bad news is still not over and the market is discounting good news hence the correction, which is healthy, he feels. But the market has some more steam up before it corrects some more, he says. Also oil has corrected and monsoon fears are over, so going forward things will look up and the India theme will be back, he says. The world economy is also expected to pick in 2-3 years, he adds.

1:46 PM - If WWIL can maintain above Rs 25 it could go to Rs 28-33-36, says MB Singh, technical analyst, on Zee Business. Maintain a stop loss of Rs 24.50, he adds. The stock is currently trading at Rs 26, down 3.35% on the BSE.

1:39 PM - L&T has bagged orders worth Rs 3816 crore, reports CNBC TV18. The stock is currently trading at Rs 2850, down 1.38% on the BSE.

1:29 PM - Demand in investment is expected to slow down, says Mridul Sagar, chief economist with Kotak Securities, on CNBC TV18. The slowdown in the industrial growth may see GDP at 7-7.5% this year, he adds.

1:22 PM - BHEL has bagged orders worth Rs 10,000 crore in the first quarter and expects to bag more orders in FY09 than FY08, says K Ravi Kumar, CMD of the company, on CNBC TV18. The company does not see any slowdown in growth, he adds. The stock is currently trading at Rs 1797, down 1.59% on the BSE.

1:13 PM - One may see 35-40% growth continuing in the telecom sector, says Raamdeo Agarwal of Motilal Oswal Securities, on CNBC-TV18. Here Bharti Airtel would be a good bet at 16-17 times the value, he adds. The stock is currently trading at Rs 828, down 1.95% on the BSE.

1:05 PM - The Asian markets are trading weak but the European markets have opened bad. Poor global cues and slowdown in IIP numbers see the Indian market slide. Sensex is trading at 15215, down 288 points and Nifty is at 4549, down 70 points from the previous close. CNX Midcap index is down 1.1% and BSE Smallcap index is down 0.63%. The market breadth is negative with advances at 340 against declines of 894 on the NSE.

12:55 PM - One can continue to hold ONGC with a stoploss of Rs 775, says Deepak Mohoni, technical analyst, on CNBC-TV18. It is a good long term investment, he adds. The stock is currently trading at Rs 1,095.50, down 0.7% on the BSE.

12:47 PM - Hotel Leela is a laggard and therefore one should exit the stock close to Rs 36-38, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. On the downside, if it falls below Rs 28, then it will weaken further, he adds. It is currently trading at Rs 33.45, up 0.3% on the BSE.

12:39 PM - Indian banks have pricing power despite high CRR, repo rates, says Raamdeo Agarwal of Motilal Oswal Securities, on CNBC-TV18. He sees secular growth of 20% in banks and believes that price to book value is also attractive.

12:30 PM - Dish TV does not seem to have much steam and will face resistance at Rs 42-44, where one can look to exit the stock, says Sanjeev Agarwal, technical analyst, on Zee Business. The stock is currently trading at Rs 36.30, down 2.2% on the BSE.

12:22 PM - Royal Orchid Hotels seems to have made a base at Rs 79 and if it falls below this, its trend will turn weak, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Exit the stock as it is underperforming its peers, he suggests. It is currently trading at Rs 83, up 0.4% on the BSE.

12:15 PM - June Industrial growth has come at 5.4% versus 8.9% (YoY), versus 4.1% in May, reports CNBC-TV18. Consumer Goods growth came at 10%, mining growth at 2.9%, electricity growth at 2.6% and manufaturing growth at 5.9%.

12:09 PM - The market is driven by anticipation of further fall in crude prices, says Raamdeo Agarwal of Motilal Oswal Securities, on CNBC-TV18. A lot of upside in the market is yet not seen, he adds. If oil heads to $80 per barrel, which is OPEC's (Organisation of Petroleum Exporting Countries) target price, then one will see very big rally in the market, he says.

12:02 PM - The market is still trading in the negative terrain. Sensex is at 15,323, down 180 points from the previous close. Nifty is trading below 4600 at 4581, down 38 points. All BSE sectoral indices, except that for FMCG and oil & gas, are trading lower.

11:56 AM - Tesco plans to enter into an exclusive franchise agreement with Trent (of Tata Group) for Cash & Carry business, reports CNBC-TV18. The Cash & Carry business will be initially based in Mumbai. Tesco plans to invest 6 crore pounds in the first two years in the business here. Tesco Wholesale will supply merchandise to Star Bazaar. The Trent stock is currently up a good 14.9% on the news, trading at Rs 570.10 on the BSE.

11:50 AM - Indian Hotels will face major resistance at Rs 105, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. If it can cross and sustain above this, then Rs 125-140 is possible here, he adds. But this may take 1.5-2 years' time, he says. On the downside, if it falls below Rs 70, then it may witness medium term weakness, he says. The stock is currently trading at Rs 82.40, down 0.2% on the BSE.

11:40 AM - Crude oil can go to $120 per barrel before touching the lows of $110 per barrel, says Amitabh Chakraborty of Religare Securities, on CNBC-TV18.

11:38 AM - In the next market fall, one can look at buying L&T close to Rs 2,100 and BHEL, close to Rs 1,350, says Sanjeev Agarwal, technical analyst, on Zee Business.

11:30 AM - EIH will face resistance at Rs 160, but if it can sustain above this, then it will a fresh uptrend which can take it to earlier highs, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. But one may have to be patient with this counter, he adds. It is one of the better choices in the hotel sector, he says. The stock is currently trading at Rs 135, down 0.2% on the BSE.

11:23 AM - KR Choksey Research recommends a 'buy' on DLF, with a target price of Rs 615, reports CNBC-TV18. The stock is currently trading flat at Rs 568 on the BSE.

11:16 AM - If Unitech can cross Rs 194, then it can go up to Rs 210, says Neppolian Pillai, technical analyst, on CNBC-TV18. It is currently trading at Rs 188.50, up 0.7% on the BSE.

11:08 AM - L&T has bagged orders worth Rs 3,816 crore, reports CNBC-TV18. The stock is currently trading at Rs 2,886, down 0.1% on the BSE.

11:01 AM - The market is seeing some profit booking today. Sensex is at 15,416, down 87 points from the previous close. Nifty is at 4607, down 12 points. CNX Midcap index is also down 0.3%, while BSE Smallcap index is up 0.1%. Banking, auto and consumer durable stocks are witnessing significant selling pressure, while buying is seen in FMCG and oil & gas stocks.

10:55 AM - Gujarat NRE Coke will face resistance at Rs 115-120, where one may book profits, says Sanjeev Agarwal, technical analyst, on Zee Business. One can continue to hold the stock for now, with a stoploss of Rs 99, he suggests. Do not invest more here, unless it crosses Rs 135, he adds. It is currently trading at Rs 105.55, up 0.2% on the BSE.

10:48 AM - One can look at buying Siemens at current levels, as it can give another 10-15% upmove from here, says Salil Sharma, technical analyst, on CNBC Awaaz. It is currently trading at Rs 561, up 0.12% on the BSE.

10:41 AM - The Index of Industrial Production (IIP) numbers are expected to be strong today, says Amitabh Chakraborty of Religare Securities, on CNBC-TV18. He believes that tommorrow's SEBI meeting will also give positive results.

10:33 AM - There is still some more upside left in realty stocks, says Neppolian Pillai, technical analyst, on CNBC-TV18. DLF can now go up to Rs 590, he adds. It is currently trading at Rs 569.50, up 0.3% on the BSE.

10:26 AM - Inox Leisure has a target price of Rs 125 now, says Salil Sharma, technical analyst, on CNBC Awaaz. It is currently trading at Rs 104.10, up 1.8% on the BSE.

10:19 AM - The market has done well from July 15 to August 11 because of fall in crude oil prices and strength in the dollar, says Amitabh Chakraborty of Religare Securities, on CNBC-TV18. The market will witness profit booking from the current levels, he says.

10:11 AM - It is not the right time to buy stocks, as most of them have run up quite a lot and the risk-reward ratio is not favourable, says Neppolian Pillai, technical analyst, on CNBC-TV18.

10:04 AM - ONGC can go up to Rs 1,136-1,159 now, says Neppolian Pillai, technical analyst, on CNBC-TV18. But do not buy the stock at current levels, he suggests. The stock is currently trading at Rs 1,114, up 1% on the BSE.

9:57 AM - The market has opened slightly higher on Tuesday. Sensex is at 15,578, up 74 points from the previous close. Nifty is at 4635, up 14 points.

9:52 AM - If Dena Bank can move above Rs 51-52, then it can go up to Rs 59-60, says Salil Sharma, technical analyst, on CNBC Awaaz. Yes Bank and Allahabad Bank also look good, he adds. Dena Bank is at Rs 49.25 on the BSE.

9:46 AM - One should look at selling in the range 4640-4720 on the Nifty, says Neppolian Pillai, technical analyst, on CNBC-TV18. The index can go higher, but there's no harm in taking profits, and buying at another breakout to trade higher levels, he explains. The corresponding level on the Sensex is 15,500-16,400, he adds.

9:40 AM - PVR may face some resistance at Rs 207-210, but once this is crossed, it can go up to Rs 221-225, says Salil Sharma, technical analyst, on CNBC Awaaz. It is at Rs 201.65 on the BSE.

9:33 AM - JP Associates has a target price of Rs 230 now, says Salil Sharma, technical analyst, on CNBC Awaaz. One can buy the stock close to its support levels of Rs 180-175, he suggests. It is at Rs 197.60 on the BSE.