4:00 PM - Subdued global cues saw a quiet close for the Indian market on the last trading day of 2008. Sensex shut shop at 9647, down 68 points and Nifty at 2959, down 20 points from the previous close. CNX Midcap index was up 0.71% and BSE Smallcap index was up 1.21%. The market breadth was positive with advances at 737 against declines of 466 on the NSE. Top Nifty gainers included Satyam, Ranbaxy and Siemens while losers included HDFC, Idea and ICICI Bank.

3:55 PM - Buy IVRCL Infra with a target of Rs 162-175 and stop loss of Rs 138, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 143, down 0.03% on the BSE.

3:50 PM - Hold Mercator Lines which has resistance at Rs 38-40 after which it can see a breakout, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock has strong support at Rs 29 and it is currently trading at Rs 33, up 2.9% on the BSE.

3:45 PM - Buy BGR Energy with a target of Rs 200 in 12 months, says Ashish Maheshwari of Globe Capital Markets, on CNBC TV18. The company has an order book of Rs 11000 crore, executable over the next three years, he adds. The stock is currently trading at Rs 145, up 3.2% on the BSE.

3:39 PM - It was almost a comatose day for the market that saw a quiet close. Sensex closed at 9633, down 82 points (provisional) and Nifty at 2958, down 20 points (provisional) from the previous close. CNX Midcap index was up 0.81% and BSE Smallcap index was up 1.27%. The market breadth was positive with advances at 737 against declines of 466 on the NSE.

3:32 PM - Close all open positions and initiate longs only above 3000 on Nifty, says Vijay Bhambwani, technical analyst, on CNBC TV18, as closing market strategy.

3:31 PM - Close all open positions in the market with a view to initiate longs around Nifty 2885, says Anil Maghnani, technical analyst, on CNBC TV18, as closing market strategy.

3:29 PM - January could be a good month and Nifty could head to 3200, says Rahul Mohindar, technical analyst, on CNBC TV18. In the near term, Nifty is likely to move sideways, it has strong support at 2800-2820, he adds. Unless 2800 is broken on Nifty, the market is unlikely to retest lows and in fact may stay ranged, he says. The year 2008 was painful and now market will take some time before an uptrend begins, he feels. Buy on dips is the strategy and focus on heavy weights, he says.

3:24 PM - Cairn, ONGC, BPCL and HPCL are the top picks and could be the outperformers in 2009, says TS Harihar of ICICI Securities, on CNBC TV18.

3:20 PM - The market may see short term drop of 20-25% from here, says Bharat Shah of ASK RJ Investment Management, on NDTV Profit. This is a good time to buy stocks with a two to three year horizon, he adds.

3:14 PM - The outloook for the market in 2009 - Merrill Lynch sees GDP growth at 5.8%, market likely to be volatile with downward bias, reports NDTV Profit. Morgan Stanley sees GDP at 5.3% for FY09, Barcalays says GDP to slowdown to 6%, domestic demand and investment to see the impact of credit crunch. Citi sees GDP at 5.5% for 2009.

3:10 PM - In the short term the market is likely to be in Nifty range of 2650-3200, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. For 2009, market is unlikely to go below the October lows, he adds. But broad Nifty range would be 2650 and 4000 on the upside in the latter half of 2009, he says.

3:04 PM - The market is trading weak. Sensex is trading at 9672, down 43 points and Nifty is at 2964, down 15 points from the previous close. CNX Midcap index is up 0.69% and BSE Smallcapindex is up 0.98%. The market breadth is positive with advances at 776 against declines of 400 on the NSE.

2:54 PM - Buy Balrampur Chini around Rs 49-51 with a target of Rs 57-64 and stop loss of Rs 44, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 50, up 4.56% on the BSE.

2:47 PM - SMC Global maintains a buy call on Ranbaxy with a target of Rs 280 and stop loss of Rs 211, reports CNBC Awaaz. The stock is currently trading at Rs 244, up 1.03% on the BSE.

2:40 PM - Buy Suzlon around Rs 61-63 with a target of Rs 72-78 and stop loss of Rs 57, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 62, up 2.3% on the BSE.

2:33 PM - HEM Securities maintains a buy call on Kotak Mahindra Bank with a target of Rs 385 and stop loss of Rs 353, reports CNBC Awaaz. The stock is currently trading at Rs 363, up 0.23% on the BSE.

2:25 PM - Buy RCom around Rs 230-235 with a target of Rs 248-257 and stop loss of Rs 222, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 228, up 0.33% on the BSE.

2:17 PM - SMC Global maintains a buy call on NTPC with a target of Rs 200 and stop loss of Rs 171.60, reports CNBC Awaaz. The stock is currently trading at Rs 181, up 0.17% on the BSE.

2:11 PM - Buy Indian Bank with a target of Rs 147 and stop loss of Rs 126, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 136, up 3.48% on the BSE.

2:06 PM - Crnindia.com maintains a buy call on Allahabad Bank with a target of Rs 54 and stop loss of Rs 49, reports CNBC Awaaz. The stock is currently trading at Rs 51, up 2.67% on the BSE.

2:00 PM - The market is trading quiet and slipped into the negative. Sensex is trading at 9642, down 74 points and Nifty is at 2952, down 26 points from the previous close. CNX Midcap index is up 0.43% and BSE Smallcap index is up 1.10%. The market breadth is positive with advances at 763 against declines of 395 on the NSE.

1:52 PM - Hold Sesa Goa as it has resistance at Rs 93-96 after which it could see a fresh breakout, says Simi Bhaumik, technical analyst, on Zee Business. Maintain a stop loss of Rs 74, she adds. The stock is currently trading at Rs 88, up 2.39% on the BSE.

1:43 PM - BPCL can give 20% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 383, down 0.43% on the BSE.

1:36 PM - Alok Industries has resistance at Rs 21 after which it can go to Rs 27-28 where one can book profits, says Sanjeev Agarwal of Globe Capital, on CNBC Awaaz. Maintain a stop loss of Rs 16, he adds. The stock is currently trading at Rs 18, up 1.85% on the BSE.

1:28 PM - Banking stocks are showing a recovery, so hold Bank of Baroda with a medium term target of Rs 320-340 after which it could see a fresh breakout, says Simi Bhaumik, technical analyst, on Zee Business. The stock has support at Rs 210, which can be used as a stop loss, she adds. The stock is currently trading at Rs 277, up 1.02% on the BSE.

1:21 PM - The year 2009 will be a tough one, says Indranil Sengupta pf DSP Merrill Lynch, on CNBC TV18. India likely to see GDP growth of 5-6% in 2009, he says. RBI likely to cut repo rate going ahead, he adds.

1:13 PM - The Asian markets are trading mixed. The Indian market is seeing a quiet session. Sensex is trading at 9765, up 49 points and Nifty is at 2989, up 10 points from the previous close. CNX Midcap index is up 1.50% and BSE Smallcap index is up 1.70%. The market breadth is positive with advances at 886 against declines of 268 on the NSE.

1:06 PM - Emkay Shares & Stock Brokers maintains a buy call on TRF with a target of Rs 542, reports Zee Business. The stock is currently trading at Rs 272, up 1.62% on the BSE.

12:58 PM - Suzlon can give 20% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 63.65, up 4.7% on the BSE.

12:50 PM - Ashok Leyland has a targe of Rs 25, but one will have to be extremely patient for that, says Prakash Gaba, technical analyst, on CNBC Awaaz. Short term investors can look at exiting the stock at Rs 17, he suggests. It is currently trading at Rs 15.08, up 0.5% on the BSE.

12:42 PM - ICICI Bank can give 25% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 456.15, down 0.4% on the BSE.

12:33 PM - SBI can give 20-25% returns in the next one year, says Amitabh Chakraborty of Religare Securities, on CNBC Awaaz. The stock is currently trading at Rs 1,286, down 0.2% on the BSE.

12:25 PM - One can buy Mahindra & Mahindra now for the long term, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock seems to have made a good techical bottom at Rs 234, he adds. It may go up to Rs 450 or so in times to come, he adds. It is currently trading at Rs 278, up 2.8% on the BSE.

12:16 PM - The technical structure of TVS Motor looks weak and one should look at exiting the stock between Rs 26 and Rs 35, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is currently trading at Rs 22.80, up 2.9% on the BSE.

12:09 PM - Look at exiting Tata Motors close to Rs 180-190, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 161.75, up 3.6% on the BSE.

11:57 AM - One may buy Maruti in a staggered way at every decline, says Prakash Gaba, technical analyst, on CNBC Awaaz. On the upside, it can go up to Rs 650-700, where one may book profits, he suggests. The stock is currently trading at Rs 520.85, up 0.6% on the BSE.

11:49 AM - Hero Honda is moving in a range of Rs 700-900, which can be traded, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 810.25, up 0.1% on the BSE.

11:42 AM - Punj Lloyd has support at Rs 125-130, which can be the stoploss here, says E Mathew, technical analyst, on CNBC-TV18. It may take a little bit of time to cross resistance of Rs 215, but once it does, it can go up all the way up to Rs 276, he adds. This stock could be a great bet on declines, he suggests. It is currently trading at Rs 151.50, up 4.3% on the BSE.

11:35 AM - Kotak Securities has a 'sell' rating on Nalco, with a target price of Rs 135, reports CNBC Awaaz. The stock is currently trading at Rs 190.10, up 2.3% on the BSE.

11:27 AM - Sharekhan has a 'buy' rating on HDFC Bank, with a target price of Rs 1,482, reports CNBC Awaaz. The stock is currently trading at Rs 1,023, up 0.5% on the BSE.

11:19 AM - The market is off the day's highs, but still trading in the positive terrain. Sensex is at 9,772, up 56 points from the previous close. Nifty is at 2988, up just 9 points. But midcaps and smallcaps are having a good day; BSE Midcap index is up 1.7% and BSE Smallcap index, up 1.3%. Consumer durables, realty, capital goods, metal and auto are seeing significant buying interest, while there's some selling pressure in banking stocks.

11:11 AM - There will two forces acting in January int he market; first, the efforts of the government to increase infrastructure spending and second, the action on interest rates and CRR front, says PN Vijay, Portfolio Manager, on CNBC-TV18. These two factors will be hugely positive for markets. But the third quarter results will be a dampner and that will lend a negative sentiment, he adds.

11:03 AM - If Punjab Tractors crosses Rs 110, then there will be a good technical formation on the charts and then one can expect levels like Rs 135-140 here, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 101.65, up 9.2% on the BSE.

10:55 AM - Anand Rathi Securities has a 'buy' rating on Wipro, with a target price of Rs 325, reports CNBC Awaaz. The stock is currently trading at Rs 233.05, down over 1% on the BSE.

10:47 AM - Bajaj Hindusthan seems to have made a good base between Rs 55 and Rs 61, says E Mathew, technical analyst, on CNBC-TV18. It will face some resistance at Rs 72 or so, but once it crosses this, it can go up to Rs 80-85 too, he adds. The stock is currently trading at Rs 73.40, up over 11% on the BSE.

10:38 AM - If Suzlon can cross and sustain above Rs 64 today, then it can see levels like Rs 67-69, says Rajat Bose, technical analyst, on CNBC Awaaz. It is advisable to book profits at higher levels in this counter, he adds. It is currently trading at Rs 63.75, up 4.9% on the BSE.

10:30 AM - Ashok Leyland has support at Rs 12.50-13, says E Mathew, technical analyst, on CNBC-TV18. If the rally seen in this counter picks up further, then one may see it go to Rs 18-19, he adds. He advises exiting the stock at higher levels. It is currently trading at Rs 15.05, up 0.3% on the BSE.

10:22 AM - If Satyam Computer can cross and sustain above Rs 170, then it can go higher to Rs 179, says Rajat Bose, technical analyst, on CNBC Awaaz. But do not put in fresh money in this counter now, he suggests. It is currently trading at Rs 171.40, up 6.7% on the BSE.

10:15 AM - If IDFC crosses Rs 72 convincingly, with good volumes, then it can go as high as Rs 102, says E Mathew, techical analyst, on CNBC-TV18. The stock is currently trading at Rs 69.35, up 1.8% on the BSE.

10:07 AM - The market has opened higher on Wednesday, but it slowly losing its gains. Sensex is at 9,801, up 84 points from the previous close. Nifty is at 2996, up 16 points.

10:02 AM - Balrampur Chini can go up to Rs 60-65 in the medium term, says E Mathew, technical analyst, on CNBC-TV18. Sugar can be one of the brightest sectors in 2009, he says. The stock is at Rs 48.20 on the BSE.

9:55 AM - SMC Global has a 'buy' rating on Renuka Sugars, with a target price of Rs 90, reports CNBC Awaaz. Keep a stoploss of Rs 61 here, it suggests. The stock is at Rs 70.10 on the BSE.

9:48 AM - As long as Nifty sustains above 2810, the short term uptrend will stay, says E Mathew, technical analyst, on CNBC-TV18. But if it slips below this, then it can fall to 2500 again, he adds. Nifty will face stiff resistance at 3050-3100, he says.