a4:00 PM - In line with weak global cues and F&O expiry today, the market saw some volatility but did not collapse at close. Nifty high was 3150 and low was 2661 in the January F&O expiry series. Sensex shut shop today at 9236, down 21 points and Nifty at 2823, down 25 points from the previous close. CNX Midcap index was down 0.58% and BSE Smallcap index was down 0.05%. The market breadth was negative with advances at 503 against declines of 688 on the NSE. Top Nifty gainers included Maruti, Hindalco and Tata Motors while losers included DLF, Cairn and HCL Technologies.
3:55 PM - Buy Punj Lloyd with a target of Rs 110-115 and stop loss of Rs 86, says Gaurang Shah of Geojit Financials, on Zee Business. The stock is currently trading at Rs 93, down 2.95% on the BSE.
3:50 PM - Buy Bharti Airtel with a target of Rs 680-700, says Srikant Chouhan of Kotak Securities on CNBC Awaaz. The stock has support at Rs 580 and is currently trading at Rs 627, down 3.9% on the BSE.
3:45 PM - If the Dow collapses, all the world markets would be affected as they seem to react faster to bad news, says Anil Maghnani, technical analyst, on NDTV Profit. For the Indian market this month, Nifty is unlikely to be able to rally beyond 2900-2950, he feels. The important level to watch is 2630 on Nifty, if that is broken then the move to 2250 would be swift, he adds.
3:40 PM - In this market pullback rally, Nifty could go to 2950-3000, says Rajat Bose, technical analyst, on CNBC TV18. Do not carry forward short and if Nifty trades above 2839 tomorrow then go long, he adds.
3:38 PM - It was a ranged and mildly choppy close for the market as the January F&O series closed today. Sensex closed at 9198, down 59 points (provisional) and Nifty at 2807, down 41 points (provisional) from the previous close. CNX Midcap index was down 0.84% and BSE Smallcap index was down 0.06%. The market breadth was negative with advances at 503 against declines of 691 on the NSE.
3:27 PM - Buy ITC with a target of Rs 180 and stop loss of Rs 168, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 173, down 2.4% on the BSE.
3:20 PM - Buy Petronet LNG if it closes above Rs 37 it has a target of Rs 42-43, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 36, up 2.8% on the BSE.
3:15 PM - Buy IRB Infra with a target of Rs 130 and stop loss of Rs 100, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 109, down 1.04% on the BSE.
3:11 PM - The results were not as bad as expected and all the negatives have been factored in by the market, says Gaurang Shah of Geojit Financials, on Zee Business. Chances are that the market will bounce up in February, he feels. Sell on rallies for IT stocks and buy select FMCG stocks, he adds.
3:06 PM - The year 2009 would be one of two halves, in the first half the market is likely to retest the October lows between January-April, says Manish Raychudhari of BNP Paribas, on NDTV Profit. The market will fare better in the second half as rupee could appreciate and FIIs inflows could restart by June, he adds.
3:01 PM - The market has turned slightly choppy. Sensex is trading at 9210, down 46 points and Nifty is at 2809, down 40 points from the previous close. CNX Midcap index is down 0.80% and BSE Smallcap index is down 0.28%. The market breadth is negative with advances at 491 against declines of 693 on the NSE.
2:56 PM - If Nifty breaks 2700 then it could see a bigger fall but if it is able to go to 2900 then a breakout is possible, says DD Sharma of Anand Rathi Securities, on Zee Business. But there is an upward bias and chances are the market may show a decisive breakout in February, he adds.
2:50 PM - Buy Satyam as almost all its customers plan to stay with the company and government is likely to announce new CEO and CFO soon, says Gaurang Shah of Geojit Financials, on Zee Business. Thus there is a limited downside to the company and stock may not go below Rs 38-42, he feels. The stock is currently trading at Rs 49, down 10% on the BSE.
2:41 PM - Buy Cipla with a target of Rs 200 and stop loss of Rs 175, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 194, up 1.38% on the BSE.
2:31 PM - SMC Global Securities maintains a buy call on Dish TV with a target of Rs 23 and stop loss of Rs 18, reports CNBC Awaaz. The stock is currently trading at Rs 19, up 0.76% on the BSE.
2:21 PM - Buy Era Infra with a target of Rs 85 and stop loss of Rs 70, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 75, down 4.43% on the BSE.
2:13 PM - HEM Securities maintains a buy call on Reliance Capital with a target of Rs 439 and stop loss of Rs 401, reports CNBC Awaaz. The stock is currently trading at Rs 402, down 2.59% on the BSE.
2:04 PM - The market is still trading weak. Sensex is trading at 9214, down 43 points and Nifty is at 2810, down 39 points from the previous close. CNX Midcap index is down 0.73% and BSE Smallcap index is down 0.11%. The market breadth is negative with advances at 526 against declines of 624 on the NSE.
1:56 PM - Buy Bajaj Hindustan with a target of Rs 85 in 12-18 months, says an expert of Karvy Stock Broking, on CNBC Awaaz. The stock is currently trading at Rs 58, up 1.49% on the BSE.
1:49 PM - SMC Global Securities maintains a buy call on HPCL with a target of Rs 300 and stop loss of Rs 267, reports CNBC Awaaz. The stock is currently trading at Rs 272, down 0.72% on the BSE.
1:40 PM - Maruti Suzuki sales down 3% at Rs 4512 crore versus Rs 4674 crore (YoY) and net profit down 54% at Rs 213 crore versus Rs 467 crore (YoY), reports NDTV Profit. Buy Maruti at Rs 420-450 in a market correction for the long term and not now, says P Phani Shekhar of Angel Broking. The stock is currently trading at Rs 535, up 2.8% on the BSE.
1:32 PM - Welspun Gujarat bags order worth Rs 500 crore from GAIL, reports Zee Business. The company order book stands at Rs 10,000 crore now. Welspun Gujarat is currently trading at Rs 74, down 1.45% on the BSE.
1:24 PM - Accumulate frontline stocks like Infosys, TCS and Wipro in the IT space for the long term in any correction as they will give good returns, says Upendra Kulkarni, technical analyst, on Zee Business.
1:16 PM - The Asian markets are trading mixed. The Indian market is volatile with F&O expiry today. Sensex is trading at 9200, down 57 points and Nifty is at 2808, down 40 points from the previous close. CNX Midcap index is down 0.43% and BSE Smallcap index is up 0.10%. The market breadth is negative with advances at 541 against declines of 592 on the NSE.
1:06 PM - Hold RIL with a target of Rs 1310, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1251, down 1.7% on the BSE.
12:57 PM - Hold Unitech with stop loss of Rs 25, says Mandar Jamsandekar, technical analyst, on NDTV Profit. Book profit at Rs 50, he adds. The stock is currently trading at Rs 31.15, up 1% on the BSE.
12:49 PM - Do partial profit-booking for Satyam Computers on every rally, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 48, he adds. The stock is currently trading at Rs 51, down 8% on the BSE.
12:43 PM - Hold BHEL for medium- and long-term view, says VVLN Sastry of Firstcall India Equity Advisors, on NDTV Profit. Those with short-term view should sell on rally, he adds. Growth rate of company still not there, he adds. The stock is currently trading at Rs 1362.85, down 2.2% on the BSE.
12:37 PM - Hold Suzlon Energy with stop loss of Rs 43, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has support at Rs 45 and Rs 36 and resistance at Rs 75, he adds. Book profit at this level, he says. The stock is currently trading at Rs 47, up 2.4% on the BSE.
12:31 PM - Buy Maruti Suzuki which can go up to Rs 608, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 536.90, up 3.2% on the BSE.
12:23 PM - Buy Cairn India with short-term target of Rs 195, says Rahul Mohindar, technical analyst, on CNBC TV18. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 163.10, down 5.3% on the BSE.
12:23 PM - Hold TCS with stop loss of Rs 448, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has support at Rs 455 and resistance at Rs 560, he adds. The stock is currently trading at Rs 506.25, down 0.1% on the BSE.
12:17 PM - The market at noon is still trading flat and weak with the Nifty continuing in the negative. Sensex is trading at 9298, up 41 points from its previous close, and Nifty is at 2842, down 7 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 600 against declines of 501 on the NSE.
12:06 PM - Inflation for the week ended January 17 has been declared at 5.64% versus the earlier figure of 5.60%, reports CNBC TV18
11:58 AM - Hold GVK Power and exit around Rs 22-23, says PK Agarwal, market expert, on Zee Business. The stock is currently trading at Rs 18.25, up 1.4% on the BSE.
11:50 AM - Buy Nitin Fire at Rs 130 with stop loss of Rs 120, say MB Singh, technical analyst, on Zee Business. It has resistance at Rs 180, he adds. The stock is currently trading at Rs 154.55, up 1.8% on the BSE.
11:44 AM - Stay away from Zee Entertainment, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Instead invest in PSU banks and Infra stocks, he adds. The stock is currently trading at Rs 108.20, down 2.6% on the BSE.
11:37 AM - Exit from Sesa Goa at Rs 95, says Pankaj Jain, market expert on CNBC Awaaz. It will reach levels of Rs 60-65 in February, he adds. The stock is currently trading at Rs 79.25, down 1.6% on the BSE.
11:30 AM - Buy HDIL at Rs 96 with target of Rs 101, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 93, she adds. The stock is currently trading at Rs 96.50, up 0.3% on the BSE.
11:23 AM - Hold RNRL with stop loss of Rs 45, says PK Agarwal, market expert, on Zee Business. It has good resistance at Rs 65 at which level one can exit. The stock is currently trading at Rs 50.80, down 1.9% on the BSE.
11:16 AM - Stay away from Suzlon Energy, says Rahul Mohindar, technical analyst, on CNBC Awaaz. At the moment, there is no clear trend emerging from this company, he adds. The stock is currently trading at Rs 46.70, up 1.5% on the BSE.
11:08 AM - An hour into opening, the market is looking a little shaky with the Nifty slipping into the negative. Sensex is trading at 9293, up 35 points from its previous close, and Nifty is at 2842, down 7 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.7%.
10:57 AM - Hold DLF and exit around Rs 220, says PK Agarwal, market expert, on Zee Business. The stock is currently trading at Rs 181.60, up 2.2% on the BSE.
10:49 AM - Hold Bank of Baroda and buy more on dips, says Pankaj Jain, market expert on CNBC Awaaz. It is a good PSU stock to invest in, he adds. The stock is currently trading at Rs 246.45, up 0.8% on the BSE.
10:42 AM - Buy OBC with target of Rs 160, says Ashwani Gurjal, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 125, he adds. The stock is currently trading at Rs 132.95, up 2.9% on the BSE.
10:35 AM - Buy Punj Lloyd at Rs 96 with target of Rs 101, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 92, she adds. The stock is currently trading at Rs 96.65, up 0.2% on the BSE.
10:28 AM - Difficult period for equities as earnings have come off aggressively and I expect some more nasty balance sheet surprises, says Daniel McCormack of Macquarie Securities, on CNBC TV18. Going forward, he expects markets to be lower in the next 3 months. He has turned relatively positive on India as valuations have started looking attractive and sees the Indian economy holding out better than the rest in 2009.
10:21 AM - Sell Gitanjali Gems on rally, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 48, he adds. The stock is currently trading at Rs 51.15, up 1.6% on the BSE.
10:14 AM - Buy Axis Bank at Rs 422 with target of Rs 439, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 410, she adds. The stock is currently trading at Rs 439.40, up 3.9% on the BSE.
10:07 AM - The market has opened on a flat note today, quite sluggish in fact. Sensex is trading at 9350, up 93 points from its previous close, and Nifty is at 2861, up 11 points. CNX Midcap index is up 0.8% and BSE Smallcap index is up 0.9%. The market breadth is positive with advances at 400 against declines of 100 on the NSE.
9:56 AM - Satyam Computers will see cash-based selling today, says Siddharth Bhamre of Angel Broking, on CNBC Awaaz. There will be volatility in the stock in the range of Rs 10 one either side, he adds. He advises profit booking for those who bought it at lower levels. The stock is currently trading at Rs 55.45, up 17.6% on the BSE.
9:49 AM - Hold Pyramid Saimira Theatre with stop loss of Rs 20, says MB Singh, technical analyst, on Zee Business. Buy more when it reaches Rs 30, he adds. The stock is currently trading at Rs 23.15, up 3.8% on the BSE.
9:42 AM - Nifty will see support at 2735-2780 and resistance at 2904-2961 when market opens today, says Anil Maghnani, technical analyst, on CNBC TV18. He advises booking profit at 2900 and creating fresh shorts.
9:35 AM - Market will have positive opening today on account of strong global cues, says Ashwani Gujral, technical analyst, on CNBC TV18. It had a nice back-to-back gain for the past two days and will continue to rally further till 3100, if Nifty is able to trade above 2860-2875 for a few trading sessions, he adds. He sees support for Nifty at 2700-2765 and resistance at 2930-3000. He finds PSU banks, Infra and Power sectors showing strength on charts.

0 Responses to Market Down due to F & O expiry
Something to say?