It was a bad day as metal and realty stocks dragged the market down at close.
4:02 PM - It was a bad day as metal and realty stocks dragged the market down at close. Sensex shut shop at 9110, down 296 points and Nifty at 2773, down 99 points from the previous close. CNX Midcap index was down 1.38% and BSE Smallcap index was down 1.7%. BSE Metal index and BSE Realty index were both down 5% while BSE IT index and BSE Bankex index were both down 4%. The market breadth was negative with advances at 348 against declines of 842 on the NSE. Top Nifty gainers included Sun Pharma and GAIL while losers included Wipro, SAIL and Tata Steel.
3:57 PM - Marico, HUL and Dabur have been market outperformers and can be bought at current levels, says Rajesh Agarwal of CD Equisearch, on Zee Business. Pharma and FMCG stocks can be used as defensive play in the market, he adds.
3:53 PM - Hold Sun Pharma with a target of Rs 1300 and a stop loss of Rs 990, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1122, up 2% on the BSE.
3:50 PM - The market is seeing a sell off and one should be prepared to sell further if Infosys numbers are below expectations, says Sharmila Joshi of Prabhudas Lilladher, on CNBC Awaaz. At such a time, keep a shopping list ready in a correction of over 100 points, she feels. Then look at buying frontline banking stocks, capital goods and power stocks in such a buying scenario, she adds.
3:44 PM - It was a bad start to the week with the market closing on a weak note. Sensex closed at 9107, down 299 points (provisional) and Nifty at 2768, down 104 points (provisional) from the previous close. CNX Midcap index was down 1.4% and BSE Smallcap index was down 1.7%. The market breadth was negative with advances at 354 against declines of 838 on the NSE.
3:38 PM - The chances of the market moving higher are more than it moving lower, feels Prateek Agarwal, market analyst, on NDTV Profit. The infrastructure space is likely to offer more growth going forward, he adds.
3:35 PM - Buy NTPC Futures/equities and sell tomorrow, says Sudarshan Sukhani, technical analyst, on CNBC TV18, as closing market strategy.
3:33 PM - Nifty likely to test 2660-2550 so hold on to Nifty shorts, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.
3:27 PM - Nifty has support at 2750-2730 and if that is broken then there will be a 100 point slide and we could see levels of 2600-2620, says Rahul Mohindar, technical analyst, on CNBC TV18. The market could retest October lows and 2500 on Nifty is not ruled out, he adds.
3:19 PM - Sell Educomp Solutions with a target of Rs 1700-1500 and a stop loss of Rs 2300, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2051, down 3.6% on the BSE.
3:10 PM - If Nifty closes below or around 2710 then there will be huge weakness going forward, says Salil Sharma, technical analyst, on CNBC Awaaz.
3:04 PM - The market is now looking bad. Sensex is trading at 9086, down 319 points and Nifty is at 2767, down 105 points from the previous close. CNX Midcap index is down 1.55% and BSE Smallcap index is down 1.56%. There is selling in realty, metal and power stocks.
2:54 PM - Angel Broking maintains a buy call on Petronet LNG with a target of Rs 80, reports Zee Business. The stock is currently trading at Rs 35, down 0.69% on the BSE.
2:46 PM - Sell ICICI Bank with a target of Rs 403 and a stop loss of Rs 490, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 450, down 0.87% on the BSE.
2:36 PM - Aptech is a sell on rallies as the stock is likely to go down to Rs 50 in any market correction, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 76, down 3.58% on the BSE.
2:29 PM - Buy Cipla with a target of Rs 203 with a stop loss of Rs 180, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 184, down 1.94% on the BSE.
2:20 PM - Praj Industries is a buy on dips for the long term, around Rs 40 is a good price to accumulate the stock, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 57, up 0.53% on the BSE.
2:11 PM - Buy Infosys with a target of Rs 1400 and a stop loss of Rs 1100, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1180, down 1.26% on the BSE.
2:03 PM - The Europeam markets have opened in the negative. Our market continues to trade weak. Sensex is trading at 9190, down 260 points and Nifty is at 2789, down 83 points from the previous close. CNX Midcap index is down 0.69% and BSE Smallcap index is down 1.09%. The market breadth is negative with advances at 378 against declines of 787 on the NSE.
1:55 PM - Citigroup maintains a buy call on Infosys with a target of Rs 1350, reports CNBC Awaaz. The stock is currently trading at Rs 1176, down 1.60% on the BSE.
1:47 PM - Bharati Airtel is a sell on rallies as the stock is likely to go down to Rs 350-400 on a market correction, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 622, down 2.38% on the BSE.
1:40 PM - HEM Securities maintains a sell call on Sterlite Industries with a target of Rs 232 and stop loss of Rs 290, reports CNBC Awaaz. The stock is currently trading at Rs 253, down 7.11% on the BSE.
1:29 PM - Centrum Broking maintains a buy call on Balrampur Chinni with a target of Rs 54, reports Zee Business. The stock is currently trading at Rs 48, down 0.62% on the BSE.
1:21 PM - Sensex will find it very difficult to go past 12500 and is likely to be in a range for almost a year with the downside being 8000, says Ruchir Sharma of Morgan Stanley, on CNBC TV18.
1:21 PM - Buy Dena Bank with a target of Rs 45 and a stop loss of Rs 32, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 35, down 2.09% on the BSE.
1:09 PM - The Asian markets are trading weak. The Indian market is trading sticky. Sensex is trading at 9145, down 260 points and Nifty is at 2778, down 94 points from the previous close. CNX Midcap index is down 0.81% and BSE Smallcap index is down 1.11%. The market breadth is negative with advances at 402 against declines of 743 on the NSE.
12:57 PM - SMC Global maintains a buy call on BPCL with a target of Rs 435 and stop loss of Rs 351, reports CNBC Awaaz. The stock is currently trading at Rs 363.10, down 4.7% on the BSE.
12:50 PM - Kotak Securities maintains a buy call on Tata Power with a target of Rs 1140, reports CNBC Awaaz. It is expected to give a return of 52%, it adds. The stock is currently trading at Rs 726, down 3% on the BSE.
12:43 PM - Hem Securities maintains a sell call on DLF with a target of Rs 190 and stop loss of Rs 225, reports CNBC Awaaz. The stock is currently trading at Rs 206, down 5.3% on the BSE.
12:36 PM - Hold on to Bharti Airtel for now, says Rajesh Tambe of Sunchan Securities on Zee Business. It has good potential, he adds. The stock is currently trading at Rs 619.95, down 2.7% on the BSE.
12:29 PM - Buy Wipro at below Rs 200, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 226, down 10% on the BSE.
12:22 PM - Hold on to Ispat Industries or else book loss, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 11.07, down 0.45% on the BSE.
12:15 PM - India Nov IIP growth has been declared up at 2.4%, reports NDTV Profit. Mining output is up 0.5%, electrity output up 3.1% and consumer goods up 4.4%, it adds.
12:06 PM - Hold on to Infosys and do fresh buying on dips, says Ashish Kapur of Invest Shoppe on NDTV Profit. The stock is currently trading at Rs 1186.20, down 0.7% on the BSE.
11:58 AM - Hold on to Wipro, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 228 and resistance at Rs 264, he adds. The stock is currently trading at Rs 226, down 10% on the BSE.
11:51 AM - India Infoline maintains a buy call on Allied Digital Services with a target of Rs 475, reports CNBC Awaaz. It is expected to give a return of 43% at the current levels, it adds. The stock is currently trading at Rs 359.90, up 6% on the BSE.
11:44 AM - Buy Reliance Power at Rs 80-90 with long-term view, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 103.90, down 2.8% on the BSE.
11:37 AM - Unfair to avoid Indian stocks because one company has done something wrong, says Adrian Movat of JP Morgan, on CNBC TV18. He was commenting on the Satyam Computers fraud.
11:30 AM - Buy Punj Lloyd at around Rs 100-110, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 116, up 7% on the BSE.
11:22 AM - Buy L&T which has good potential for the next 12 months, says Vijay Bhambwani, technical analyst, on CNBC TV 18. The stock is currently trading at Rs 698.90, down 3% on the BSE.
11:15 AM - An hour into opening, the market is looking weak with Nifty down 3%. Sensex is trading at 9183, down 223 points, and Nifty is trading at 2794, down 78 points, from the previous close. CNX Midcap is down 0.6% and BSE Smallcap index is down 0.73%. The market breadth is negative with advances of 350 as against declines of 703 on the NSE.
11:04 AM - Hold on to Punjab National Bank which has very good potential, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 475, down 2% on the BSE.
10:57 AM - Wipro stocks tumble down by 11% after the company's disclosure that the World Bank has determined it to be ineligible to contest direct contracts from it for the period 2007-2011, reports CNBC TV18. The stock is currently trading at Rs 223 on the BSE.
10:51 AM - Hold on to Tanla Solutions, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It will see resistance at Rs 70-75, he adds. The stock is currently trading at Rs 57.60, down 3.1% on the BSE.
10:44 AM - CLSA maintains a buy call on Zee Entertainment with a target of Rs 180, reports CNBC Awaaz. It is expected to give a return of 38% in the current levels, it adds. The stock is currently trading at Rs 126, down 2.7% on the BSE.
10:37 AM - Markets still remain in bearish trend, says Ajay Bagga of Lotus India Asset Management, on NDTV Profit. Expect minor pullback rally post the Q3 results, he adds.
10:30 AM - Hold on to DLF and sell on next rally, says Anil Singhvi, market expert on CNBC Awaaz. Do not indulge in any fresh buying now, he adds. The stock is currently trading at Rs 211.30, down 2.9% on the BSE.
10:21 AM - Hold on to IVRCL, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It will see resistance at Rs 90-95, he adds. The stock is currently trading at Rs 116, down 3.8% on the BSE.
10:14 AM - Sell Unitech at around Rs 45, Anil Singhvi, market expert on CNBC Awaaz. Do not indulge in any fresh buying now, he adds. The stock is currently trading at Rs 35.70, down 0.5% on the BSE.
10:07 AM - The Indian market has opened in the negative with both Sensex and Nifty down 1%. Sensex is trading at 9299, down 1.1%, and Nifty is trading at 2833, down 1.4%, from the previous close. CNX Midcap index is down 0.06% and BSE Smallcap index is down 0.1%.
9:58 AM - Nifty will see resistance at 2938 and support at 2750-2825, says Anil Maghnani, technical analyst, on CNBC TV18.
9:51 AM - Hold on to Nagarjuna Construction, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It will see resistance of Rs 70-75 on the upside and Rs 40-45 on the downside, he adds. The stock is at 59, down 17.4% on the BSE.
9:44 AM - Market will see volatile trading today, says Rajat Bose, technical analyst, on CNB TV18. Nifty will see support at 2830 and resistance at 2932, he adds. On crossing the resistance level, it could go up to 2950-2970, he says.
9:37 AM - Buy Dena Bank with a target of Rs 45 and stop loss of Rs 32, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is at Rs 35.80, up 2.7% on the BSE.
9:30 AM - Market will see a weak start today after the weekend, down 1-1.5%, says Anil Singhvi, market expert on CNBC Awaaz. Sensex will see support at 9000-9200 and resistance at 9500-9700, he adds.

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