4:32 PM - It was a painful week for the Indian market that continued to grapple with bad news and poor results. Experts feel the market is likely to drift lower on account of global weakness. This week's bad figures are: Sensex down 7% and Nifty down 5.25%. BSE Midcap index down 5%, BSE Smallcap index down 4.5% over the week. BSE Realty index was down 12.25%, BSE Bankex index down 11%, BSE Metal index down 11.25%, BSE Consumer Goods index down 8%, BSE Auto index down 6.9% and BSE IT index down 5.5%.

4:26 PM - UK is in recession for the first time since 1991. European markets moved lower on poor GDP data. Weak global cues saw the Indian market break down decisively below crucial levels. Nifty closed below 2700 for first time since November 21, 2008. Nifty closed at 2678, down 35 points and Sensex shut shop at 8674, down 139 points from the previous close. CNX Midcap index was down 1.53% and BSE Smallcap index was down 1.50%. The market breadth was negative with advances at 319 against declines of 875 on the NSE. Top Nifty gainers included Cipla, RIL and Tata Motors while losers included Mahindra & Mahindra, Tata Steel and Nalco.

4:20 PM - ICICI Bank looks weak and could go to Rs 300 where one can buy the stock for the long term, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 364, down 3.4% on the BSE.

4:15 PM - Hold Union Bank with a target of Rs 160 where one can book profits, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock has support at Rs 130, he adds. The stock is currently trading at Rs 143, up 3.2% on the BSE.

4:10 PM - SBI looks weak and it has a target of Rs 1000 where one can buy the stock for the long term, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1043, down 4.3% on the BSE.

4:05 PM - Hold Vijaya Bank with a target of Rs 38 where one can book profits and maintain a stop loss of Rs 25, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 29, down 3.4% on the BSE.

3:57 PM - Sharekhan maintains a buy call on Ipca Laps with a target of Rs 664, reports Zee Business. The stock is currently trading at Rs 326, down 4.1% on the BSE.

3:50 PM - It's a truncated week with next Monday being a holiday on account of Republic Day so one can think of going short next week, says Ashwani Gujral, technical analyst, on CNBC Awaaz. One can go short on metals (Tata Steel) and banking stocks (Axis Bank could go down to Rs 300), he adds.

3:44 PM - It was a terrible session for the market that closed at the low point of the day. Sensex closed at 8686, down 127 points (provisional) and Nifty at 2678, down 35 points (provisional) from the previous close. CNX Midcap index was down 1.53% and BSE Smallcap index was down 1.47%. The market breadth was negative with advances at 341 against declines of 860 on the NSE.

3:36 PM - Maintain Nifty short position with stop loss of 2570 and target of 2690, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.

3:35 PM - Hold Nifty short position with stop loss of 2670 and target of 2580, says Vijay Bhambwani, technical analyst, on CNBC-TV18, as closing market strategy.

3:30 PM - Sell JP Hydro with a target of Rs 25-20 and stop loss of Rs 32.25, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 29, down 2.8% on the BSE.

3:25 PM - There is a flood of bad news and market is likely to test the earlier bottom, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The important thing to note is whether new lows will be made now, he adds. There is no sanctity of Nifty levels now, he feels.

3:21 PM - Nifty has broken 2700 decisively now, says E Mathew, technical analyst, on CNBC TV18. This is a mature bear market and in the coming two weeks Nifty could see 2550, he adds.

3:17 PM - UK Q4 GDP down 1.4% (QoQ), the economy is in recession for the first time since 1991, reports CNBC TV18. UK 2008 GDP growth is at 0.7%, lowest since 1992. Global markets have weakened, European markets are trading weak.

3:10 PM - The market is in the thick of newsflows and earnings season, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The best results generally come first and next week poorer results from corporates are expected, he feels. If global cues turn ugly then the market could see a further selloff, he adds. But the damage is likely to be over next week and February could be quieter where the market forms a bottom by being ranged, he says.

3:05 PM - The bulls and bear are in a major tussle and today's closing will be crucial, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The bulls are trying to protect 2700 levels and bears are trying to break 2680, he feels. If Nifty closes below 2680 then 2550 is possible, he adds.

3:00 PM - The market is trading weak. Sensex is trading at 8667, down 146 points and Nifty is at 2675, down 38 points from the previous close. CNX Midcap index is down 1.73% and BSE Smallcap index is down 1.49%. The market breadth is negative with advances at 311 against declines of 864 on the NSE.

2:52 PM - SMC Global maintains a sell call on Punj Lloyd with a target of Rs 70 and stop loss of Rs 110, reports CNBC Awaaz. The stock is currently trading at Rs 93, down 1.42% on the BSE.

2:43 PM - Sharekhan maintains a buy call on Mahindra and Mahindra with a target of Rs 564, reports Zee Business. The stock is currently trading at Rs 261, down 9.2% on the BSE.

2:35 PM - L&T has bagged construction orders worth Rs 1198 crore from Oman, says KV Rangaswami, president of construction, on NDTV Profit. The order will be completed over two years and margins continue to be 8-10% in the international division, he adds. The stock is currently trading at Rs 643, down 3.10% on the BSE.

2:28 PM - Sell Hero Honda with a target of Rs 690 and stop loss of Rs 875, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 843, down 0.4% on the BSE.

2:20 PM - HCC has bagged its first EPC contract of Rs 2729 crore from NHPC for a 330 MW hydel project, says Praveen Sood, CFO of the company, on NDTV Profit. The order will be executed over 18 months and with this the company order book stands at Rs 15,698 crore, he adds. The stock is currently trading at Rs 41, down 3.4% on the BSE.

2:11 PM - Sell Tata Power with a target of Rs 600 and stop loss of Rs 765, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 690, down 3.4% on the BSE.

2:02 PM - The European markets have opened in the negative. Weak global cues see our market continue to trade under pressure . Sensex is trading at 8671, down 141 points and Nifty is at 2671, down 42 points from the previous close. CNX Midcap index is down 1.85% and BSE Smallcap index is down 1.57%. The market breadth is negative with advances at 292 against declines of 860 on the NSE.

1:52 PM - Hold Satyam Computers which could go to Rs 40 in a rally where one can book profits and exit the stock, says DD Sharma of Anand Rathi Securities, on CNBC Awaaz. The stock is currently trading at Rs 37.05, up 25% on the BSE.

1:44 PM - Goldman Sachs maintains a buy on Reliance Industries with a target of Rs 1425, reports CNBC TV18. Merril Lynch maintains overweight on the stock with a target of Rs 1581, Morgan Stanley has a price target of Rs 1619 on the stock. It is currently trading at Rs 1147, up 1.24% on the BSE.

1:36 PM - Reliance Industries Q3 net profit is down 9.8% at Rs 3501 crore versus Rs 3882 crore and sales down 8.8% at Rs 31,563 crore versus Rs 34,590, says Mukesh Ambani, CMD of the company, on CNBC TV18. The world business cycle is changing and this is a reset for the way the world needs to work, he says. The company's other income was up at Rs 663 crore versus Rs 241 crore. The results were better than market expectations and the stock is up 1.42% and trading at Rs 1149 on the BSE.

1:28 PM - This is a bear market and there is no point in hurrying up to buy stocks, says Vibhav Kapoor of IL&FS on CNBC TV18. Global cues are likely to drive the market forward, he feels. One will have to wait and see whether the global depression continues then the market will drift lower, he adds.

1:18 PM - Till the forthcoming elections the market trend is likely to remain downward, says KN Vaidyanathan of Alchemy Capital Management on CNBC TV18. But the speed of erosion will be far lower till the market goes to the October lows, he adds.

1:10 PM - The Asian markets are trading sticky. The Indian market is struggling and drifting lower. Sensex is trading at 8683, down 130 points and Nifty is at 2674, down 39 points from the previous close. CNX Midcap index is down 1.73% and BSE Smallcap index is down 1.23%. The market breadth is negative with advances at 295 against declines of 846 on the NSE.

12:57 PM - Hold Reliance Communications and buy more on decline, says DD Sharma of Anand Rathi Securities on NDTV Profit. The stock is currently trading at Rs 166.20, down 0.9% on the BSE.

12:50 PM - Sell DLF at around Rs 200, says Rakesh Bansal, technical analyst, on NDTV Profit. It has resistance at Rs 190, he adds. The stock is currently trading at Rs 161.05, down 1.8% on the BSE.

12:43 PM - Sell Ranbaxy at higher levels, says Rakesh Bansal, technical analyst, on NDTV Profit. It has support at Rs 165 and resistance at Rs 225, he adds. The stock is currently trading at Rs 185.55, up 0.3% on the BSE.

12:36 PM - Buy L&T at current levels, says Saurav Mittal, market expert on Zee Business. Company has good fundamentals and in long-term will give good performance, he adds. The stock is currently trading at Rs 646.20, down 2.7% on the BSE.

12:29 PM - Hold Nalco which has support at Rs 171 and resistance at Rs 220, says Rakesh Bansal, technical analyst, on NDTV Profit. Exit at Rs 275, he adds. The stock is currently trading at Rs 189, down 2.5% on the BSE.

12:22 PM - Buy Canara Bank at Rs 180 levels, says DD Sharma of Anand Rathi Securities on NDTV Profit. The overall performance of company is good and on the lending front, it has shown growth of 25%, he adds. The stock is currently trading at Rs 194, down 5% on the BSE.

12:15 PM - Buy Reliance Industries at the current levels, says Prakash Gaba, technical analyst, on CNBC Awaaz. Exit when it reaches Rs 1550-1560, he adds. The stock is currently trading at Rs 1166.05, up 2.9% on the BSE.

12:08 PM - The market at noon is still struggling with the Sensex breaking into the green though marginally. It is trading at 8828, up 9 points from its previous close, and Nifty is at 2708, down 5 points. CNX Midcap index is down 0.33% and BSE Smallcap index is down 0.7%.

11:59 AM - Buy BOI with target of Rs 280, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 230, he adds. The stock is currently trading at Rs 245.15, down 0.3% on the BSE.

11:53 AM - Buy in parts Reliance Infrastructure, says Pradeep Surekha, technical analyst, on Zee Business. Buy at levels of Rs 486, Rs 400 and Rs 375, he adds. The stock is currently trading at Rs 494.10, up 1.2% on the BSE.

11:47 AM - Do not buy Unitech on any rally or dip, says Ashwani Gujral, technical analyst, on CNBC TV18. If it breaks its support level of Rs 26 then it could fall to Rs 22, he adds. The stock is currently trading at Rs 27.05, down 4.4% on the BSE.

11:40 AM - Go long on DLF with stop loss of Rs 148, says Pradeep Surekha, technical analyst, on Zee Business. It has two resistance levels of Rs 205 and Rs 180, he adds. The stock is currently trading at Rs 161.70, down 1.4% on the BSE.

11:33 AM - Go short on Nifty today with target of 2500-2550, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of 2765-2780, he adds.

11:26 AM - Sell Mahindra & Mahindra Ltd at Rs 287 with target of Rs 273, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 296, she adds. The stock is currently trading at Rs 274.55, down 4.5% on the BSE.

11:20 AM - Buy Satyam Computers at Rs 18-20, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 30, he adds. It has resistance at Rs 37-40, he says. The stock is currently trading at Rs 33.75, up 14% on the BSE.

11:12 AM - Hold Maruti Suzuki with stop loss of Rs 540, says Pradeep Surekha, technical analyst, on Zee Business. It has good support at Rs 490 and Rs 485, he adds. The stock is currently trading at Rs 518.60 on the BSE.

11:06 AM - An hour after it opens, the market continues quiet and flat. Sensex is trading at 8783, down 30 points from its previous close, and Nifty is at 2702, down 11 points. CNX Midcap index is down 0.9% and BSE Smallcap index is down 1%. The market breadth is negative with advances at 275 against declines of 755 on the NSE.

10:56 AM - Sell Cipla at Rs 180-170, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Do not make any fresh buys, he adds. The stock is currently trading at Rs 183.75, up 6.3% on the BSE.

10:48 AM - Buy Reliance Industries at Rs 1050 from a trading point of view, says Vikas Sethi, market expert on CNBC Awaaz. Keep target of Rs 1150, he adds. The stock is currently trading at Rs 1148, up 1.3% on the BSE.

10:41 AM - Neyvelli Lignite is a good stock to invest in today, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Buy on dips, he adds. The stock is currently trading at Rs 76, down 1.2% on the BSE.

10:36 AM - Sell HDIL at Rs 96 with target of Rs 90, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 99, she adds. The stock is currently trading at Rs 91.50, down 4.9% on the BSE.

10:29 AM - Buy NTPC at Rs 165-166, says Pradeep Surekha, technical analyst, on Zee Business. It has good resistance at Rs 183, he adds. The stock is currently trading at Rs 178.25, down 0.4% on the BSE.

10:22 AM - Buy L&T at the current levels in staggered amounts, says Pradeep Surekha, technical analyst, on Zee Business. Company has good fundamentals, he adds. The stock is currently trading at Rs 654, down 1.5% on the BSE.

10:15 AM - Exit from Educomp Solutions as it is a weak stock, says Ashwani Gujral, technical analyst, on CNBC TV18. If it breaks Rs 1500 level, it could go down to Rs 1200, he adds. The stock is currently trading at Rs 1726, down 3.2% on the BSE.

10:08 AM - The market opens on a sluggish note with Reliance opening just 2% up, unlike a bigger move expected. Sensex is trading at 8853, up 38 points from its previous close, and Nifty is at 2719, up 6 points. CNX Midcap index is down 0.05% and BSE Smallcap index is up 0.02%. The market breadth is negative with advances at 300 against declines of 100 on the NSE.

9:58 AM - In short term, Reliance Industries should see some bounce today, says Vibhav Kapoor of IL&FS on CNBC TV18. It should settle down in the range of Rs 1100-1200, he adds. The stock is currently trading at Rs 1132.95, up 1.2% on the BSE.

9:51 AM - Stay away from Zee Entertainment for now, says Deven Choksey of KR Choksey, on CNBC Awaaz. The company is under pressure, he adds. The stock is at Rs 97.85, down 11% on the BSE.

9:44 AM - Market is in intermediate downtrend and volatile trading can be expected, says Sudarshan Sukhani, technical analyst, on CNBC TV18. He sees Nifty touching 2450 today.

9:37 AM - Markets may open flat with a weak undertone in line with the global cues, says PN Vijay, investment advisor, on CNBC TV18. RIL and Bharti Airtel will lead uptrend, if any, he adds. Buy banking stocks and HDFC, he says.

9:30 AM - Nifty will see support between 2666-2680 and resistance between 2733-2745 when market opens today, says Rajat Bose, technical analyst, on CNBC TV18. He advises trading on range breakout.