4:00 PM - Poor global cues saw our market close at the low point of the day today. The market saw heavy selling by frontline stocks in last hour of trade. Sensex shut shop at 8779, down 321 points and Nifty at 2706, down 90 points from the previous close. CNX Midcap index was down 1.57% and BSE Smallcap index was down 1.93%. The market breadth was negative with advances at 290 against declines of 906 on the NSE. Top Nifty gainers included HCL Technologies, HUL and Nalco while losers included Tata Power, HDFC and ICICI Bank.

3:54 PM - Buy Gail around Rs 195-203 with a target of Rs 218-225 and stop loss of Rs 195, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 205, down 0.77% on the BSE.

3:51 PM - If Reliance Industries results offer a positive surprise tomorrow, Nifty may try to bounce back, says Deven Choksey of KR Choksey, on CNBC-TV18. But Nifty is unlikely to be able to hold in case international cues are negative, he feels. Nifty is likely now to test 2550, he adds.

3:47 PM - Sell IDFC on any rally as in any market correction it will be available lower around Rs 35 where one can buy it for the long term, says Anuj Dixit, technical analyst, on Zee Business. The stock is currently trading at Rs 56, down 4.27% on the BSE.

3:41 PM - It was a terrible day with the market breaking crucial support levels lead by heavy selling of largecap stocks. Sensex closed at 8736, down 364 points (provisional) and Nifty at 2692, down 103 points (provisional) from the previous close. CNX Midcap index was down 1.58% and BSE Smallcap index was down 2.09%. The market breadth was negative with advances at 290 against declines of 906 on the NSE.

3:34 PM - Buy RIL 1140 put, says VK Sharma, technical analyst, on CNBC TV18, as closing market strategy.

3:30 PM - Nifty seems poised to break 2700 and so the next target is 2550, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.

3:29 PM - Nifty slips below 2700 and the market has collapsed. It is a largecap led fall in the market led by RIL, Bharti Airtel, NTPC and ONGC.

3:25 PM - If the US and UK market show weakness it will get extended to our market, says Vijay Bhambwani, technical analyst, on CNBC TV18. If Nifty breaks 2700, then there are no major support levels and market is headed for 2550, he adds.

3:20 PM - In the PSU banking space, SBI can be accumulated around Rs 1040 and BoB around Rs 230 for the long term, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. Avoid the private banking space for now, he adds.

3:15 PM - In the PSU banking space, SBI, PNB and BoB are the top picks for the long term, says Sandeep Shenoy of Pinc Research on Zee News. These stocks are attractive at current levels, he adds.

3:09 PM - We are asking our clients to enter the market in a phased manner, says Ajay Loganandan of HSBC Private Banking, on NDTV Profit. India's GDP for FY09 likely to be 7% and for FY10 to be 6.2%, he feels. India is seeing fund inflows as risk aversion improves, he says. Valuations are cheap and attractive for the long term now, he adds. We are overweight on PSU banks that continue to be very attractive, he says.

3:02 PM - The market is trading at the low point of the day. Sensex is trading at 8848, down 251 points and Nifty is at 2727, down 69 points from the previous close. CNX Midcap index is down 0.91% and BSE Smallcap index is down 0.86%. There is selling in metal, power, banking and realty stocks. The market breadth is negative with advances at 340 against declines of 823 on the NSE.

2:55 PM - Hold Hindustan Zinc with a target of Rs 445 where one can exit the stock, says Amarjeet Singh, technical analyst, on CNBC Awaaz. It has support at Rs 285 and is currently trading at Rs 331, down 5% on the BSE.

2:49 PM - HDFC posts disappointing Q3 results, NII up 17% at Rs 758 crore versus Rs 665 crore and profit up 3.6% at Rs 547 crore versus Rs 528 crore, says Keki Mistry, Vice-Chairman and MD of the company, on NDTV Profit. The stock is currently trading at Rs 1415, down 4.6% on the BSE.

2:39 PM - Rolta is a buy for the long-term only once it closes above Rs 110, says Rajesh Jain of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 83, down 4.2% on the BSE.

2:29 PM - Buy Adlabs around Rs 175-180 with a target of Rs 195-207 and stop loss of Rs 173, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 179, up 0.25% on the BSE.

2:26 PM - Emkay Shares and Stock Brokers maintains a buy call on Allahabad Bank with a target of Rs 110, reports Zee Business. The stock is currently trading at Rs 54, up 0.65% on the BSE.

2:19 PM - Buy JP Hydro with a target of Rs 36-39 and stop loss of Rs 30, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 32, up 0.31% on the BSE.

2:11 PM - Hold Nifty shorts with a stop loss of 2800-2810, says Nitin Murarka of SMC Global Securities, on Zee Business. If Nifty breaks 2700 then the market will show more weakness and it could go to 2500, he adds. Avoid trade for a week since Nifty range seems 2700 on the lower side and 2900 on the upside and a breakout or breakdown will then give a clearer picture, he feels.

2:03 PM - The European markets have opened weak. The Indian market continues to be under pressure. Sensex is trading at 8975, down 125 points and Nifty is at 2763, down 32 points from the previous close. CNX Midcap index is down 0.08% and BSE Smallcap index is down 0.86%. The market breadth is negative with advances at 350 against declines of 777 on the NSE.

1:52 PM - Karvy Stock Broking maintains a buy call on Syndicate Bank with a target of Rs 73, reports Zee Business. The stock is currently trading at Rs 63, up 0.32% on the BSE.

1:44 PM - There is no government move to sell Satyam, says PC Gupta, minister of corporate affairs, on CNBC TV18. Many corporate houses have shown interest in buying Satyam, he says. The hunt for a new CEO is proving to be difficult, says Deepak Parekh, board member (appointed by the government) of Satyam. The stock is currently trading at Rs 28, up 7.26% on the BSE.

1:37 PM - Biocon posts good Q3 results, sales up 83% at Rs 438 crore versus Rs 237 crore and profit up 41% at Rs 72 crore versus Rs 51 crore, says Kiran Mazumdar Shaw, CMD of the company, on NDTV Profit. The stock is currently trading at Rs 114, up 1.56% on the BSE.

1:30 PM - Morgan Stanley says steel companies are under pressure and will see more downside in the next two quarters, reports CNBC TV18. It downgrades steel companies by 15-18%. SAIL target cut down from Rs 52 to Rs 45 and Jindal Steel & Power from Rs 610 to Rs 583.

1:22 PM - The market is likely to test new lows going forward, says Andrew Holland of Ambit Capital, on CNBC TV18. Sensex range now looks like 7000-10000 and if by the year end Sensex is is close to 10000 we would be happy, he adds.

1:14 PM - The Asian markets are trading at the low point of the day. It is a difficult day for the Indian market as well that is drifting lower. Sensex is trading at 8928, down 172 points and Nifty is at 2749, down 47 points from the previous close. CNX Midcap index is down 0.33% and BSE Smallcap index is down 0.64%. The market breadth is negative with advances at 397 against declines of 710 on the NSE.

1:06 PM - Hold Adlabs with a target of Rs 205-210 where one can exit the stock, says Jatindar Sharma, technical analyst, on CNBC Awaaz. Buy the stock in any correction at Rs 150 for a long-term investment perspective, he says. The stock is currently trading at Rs 180, up 0.92% on the BSE.

12:58 PM - Buy Reliance Communications with stop loss of Rs 157, says Rajish Dhall, technical analyst, on NDTV Profit. The stock is currently trading at Rs 173.70, down 1.7% on the BSE.

12:52 PM - Exit from Wockhardt because of uncertainity surrounding the company, says Sharmila Joshi of Prabhudas Lilladher, on NDTV Profit. Invest instead in Sun Pharma or Dr Reddy's, she adds. The stock is currently trading at Rs 103, down 2.3% on the BSE.

12:45 PM - Hold Biocon with stop loss of Rs 97, says Rajish Dhall, technical analyst on NDTV Profit. It has resistance at Rs 118, he adds. The stock is currently trading at Rs 113.90, up 1.5% on the BSE.

12:38 PM - TCS is a better buy in comparison with Infosys and Wipro, says Rajiv Mehta of India Infoline on Zee Business. It will give a return of 15-20% in one year, he adds. The stock is currently trading at Rs 495, down 0.2% on the BSE.

12:31 PM - Hold Tata Steel which has support at Rs 190 and resistance at Rs 213, says Rajish Dhall, technical analyst, on NDTV Profit. The stock is currently trading at Rs 191.30, down 1.9% on the BSE.

12:24 PM - New buyers should stay away from Jet Airways, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. Holders should sell on rally, he adds. The stock is currently trading at Rs 170.60, up 1.6% on the BSE.

12:17 PM - Exit Polaris on rally, says Rajish Dhall, technical analyst, on NDTV Profit. It has support at Rs 39 and Rs 32 and resistance at Rs 50-52, he adds. The stock is currently trading at Rs 45, up 1.4% on the BSE.

12:10 PM - The market at noon drifts lower after showing signs of recovery. However, the Asian markets have made some recovery from their earlier lows. Sensex is trading at 8989, down 110 points from its previous close, and Nifty is at 2767, down 29 points. CNX Midcap index is down 0.1% and BSE Smallcap index is down 0.2%.

12:02 PM - SMC Global maintains a sell call on ABB with target of Rs 405 and stop loss of Rs 464, reports CNBC Awaaz. The stock is currently trading at Rs 450.85, up 1.9% on the BSE.

11:54 AM - Hold Suzlon Energy with stop loss of Rs 45, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 52.15, up 0.1% on the BSE.

11:47 AM - Sell Wipro on rally, says E Mathew, technical analyst, on CNBC TV18. Keep stop loss of Rs 200, he adds. It has resistance at Rs 250-255, he says. The stock is currently trading at Rs 221, down 3% on the BSE.

11:40 AM - Buy REC with target of Rs 100, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 79.50, down 1.9% on the BSE.

11:33 AM - Till June this year do not take any long-term view in investment, says Pradeep Surekha, technical analyst, on Zee Business. For the moment, just stay with a trading view and protect your capital, he adds.

11:26 AM - Hold Indiabulls Financial with long-term view, says Jagdish Thakkar, market expert on Zee Business. It will give good returns, he adds. The stock is currently trading at Rs 95.10, dopwn 0.5% on the BSE.

11:19 AM - Sell ICICI Bank at Rs 396 with target of Rs 467, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 380, she adds. The stock is currently trading at Rs 384.50, down 3.2% on the BSE.

11:12 AM - An hour after opening, the market is just about holding up, moving up slightly after a weak start. Sensex is trading at 9033, down 67 points from its previous close, and Nifty is at 2778, down 18 points. CNX Midcap index is up 0.2% and BSE Smallcap index is down 0.3%.

11:04 AM - Book partial profit on Power Grid, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 78, he adds. The stock is currently trading at Rs 84.60, down 2.4% on the BSE.

10:56 AM - Hold Polaris Software which has good fundamentals, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. But there should be no fresh buying, he adds. The stock is currently trading at Rs 45.55, up 2.5% on the BSE.

10:48 AM - Hold HDIL with target of Rs 105-108, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 97-98, he adds. The stock is currently trading at Rs 103, down 1.2% on the BSE.

10:41 AM - Investors should hold Radico Khaitan, says Anil Singhvi, market expert on CNBC Awaaz. Traders can buy at lower levels, he adds. The stock is currently trading at Rs 73, up 2% on the BSE.

10:34 AM - Hold Gujarat NRE Coke with stop loss of Rs 25.60, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 26.50, down 1.5% on the BSE.

10:27 AM - Sell Maruti Suzuki at Rs 559 with target of Rs 569, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 545, she adds. The stock is currently trading at Rs 549.50, down 1.7% on the BSE.

10:20 AM - Hold Deccan Chronicle with target of Rs 42-43, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 39, down 2% on the BSE.

10:13 AM - Nifty has support at 2750 and if it comes down below 2700 then there will be free fall, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. In this market, stay away from buying and sell on rally, he adds.

10:06 AM - The market opens on a weak note this morning. Metal, real estate and financials do not make a great start. Sensex is trading at 8956, down 143 points from its previous close, and Nifty is at 2759, down 38 points. CNX Midcap index is down 1% and BSE Smallcap index is down 0.4%. The market breadth is negative with advances at 57 against declines of 373 on the NSE.

9:59 AM - Hold Tata Steel, says Pradeep Surekha, technical analyst, on Zee Business. It has support at Rs 188 and resistance at Rs 203, he adds. The stock is at Rs 195, down 6.3% on the BSE.

9:52 AM - There will be stock- and sector-specific movement in the market today, says Anil Singhvi, market expert on CNBC Awaaz. If market closes above the 9000 level then it is not bad news, he adds.

9:47 AM - Wipro has announced its third quarter numbers, reports CNBC TV18. Its Q3 consolidated net profit went up at Rs 1,003.9 crore as against Rs 969.8 crore, QoQ. Its consolidated net sales were up at Rs 6,634.30 crore versus Rs 6,519.60 crore.

9:40 AM - Nifty will see crucial support at 2733 and resistance at 2840 when market starts trade today, says Rajat Bose, technical analyst, on CNBC Awaaz.

9:34 AM - Nifty has three crucial support levels of 2747, 2715 and 2690-2701, says Pradeep Surekha, technical analyst, on Zee Business. Until these are not broken we should not talk about market weakness, he adds. There is good resistance at 2870-2920, he adds.