4:31 PM - It was an unusual week for the Indian market that saw the country's poster boy IT company, Satyam Computers, confessing to a fraud of Rs 7000 crore. This event killed the market momentum and sent it crashing with FIIs and sentiments turning negative. Experts feel the market was looking for a correction after the recent run-up and found it in the Satyam issue. Now the market may be ranged as result season begins next week. This week's poor figures, thus are: Sensex and Nifty were both down 5.75%. BSE Midcap index down 9.2%, BSE Smallcap index down 8% over the week. BSE Realty index was down 24%, BSE Tech index down 10%, BSE Consumer Goods index down 9.25%, BSE Oil & Gas index down 7.25% and BSE Power index down 6.75%.

4:25 PM - Poor global cues saw the Indian market end weak after a volatile day. Sensex shut shop at 9406, down 180 points and Nifty at 2873, down 47 points from the previous close. CNX Midcap index was down 2.96% and BSE Smallcap index was down 2.92%. There was selling in metal, realty and capital goods space. The market breadth was negative with advances at 228 against declines of 989 on the NSE. Top Nifty gainers included TCS, Sun Pharma and NTPC while losers included Sataym Computers, Siemens and SAIL.

4:20 PM - Hold IVRCL Infra as it has a target of Rs 140-150 in one to two months, says Pankaj Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 120, down 1.15% on the BSE.

4:15 PM - Buy Grasim Industries around Rs 1240 with a target of Rs 1420 and stop loss of Rs 1180, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1360, up 1.83% on the BSE.

4:10 PM - Hold Nagarjuna Construction for the long term and buy more on dips around Rs 50, says Pankaj Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 59, down 17.38% on the BSE.

4:06 PM - In the auto space, buy Maruti Suzuki for good short-term returns, says Rahul Mohindar, technical analyst, on CNBC Awaaz. In the banking space, buy SBI and ICICI Bank as they look good but avoid the real estate and IT sector for now, he adds.

4:00 PM - DLF, Unitech, L&T and IVRCL Infra, all these stocks offer excellent investment opportunities at current valuations, says Amit Dalal of Amit Nalin Securities on CNBC TV18.

3:53 PM - Book profits at higher levels in any rally and sit on cash till a clear picture emerges, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. Results season kicks in next week with Infosys results the first to come on January 13, he says. Buy metal stocks (as a contrarian call), like Tata Steel and JSW Steel, he adds.

3:46 PM - It is a good time to start buying into select large cap stocks as Nifty is unlikely to go below 2700, says Ambareesh Baliga of Karvy Stock Broking on Zee Business. Next week Nifty could go towards 3200-3250, he adds.

3:40 PM - It was a volatile session and market ended weak. Sensex closed at 9390, down 196 points (provisional) and Nifty at 2868, down 51 points (provisional) from the previous close. CNX Midcap index was down 2.09% and BSE Smallcap index was down 2.08%. The market breadth was negative with advances at 265 against declines of 944 on the NSE.

3:30 PM - Hold on to Nifty longs with a stop loss of 2825, says Anil Manghnani, technical analyst, on CNBC TV18, as closing market strategy.

3:27 PM - Buy Dabur India around Rs 85 with a target of Rs 95 and stop loss of Rs 80, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 88, up 1.15% on the BSE.

3:23 PM - FII trends have now turned negative and the market is now unlikely to see a pullback, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. Nifty is now likely to trade in the range of 2700-2800 as the results season arrives, he feels. There will be heavy news flows for the market to digest, he adds.

3:17 PM - It will be easier for the market to fall below 2800 on Nifty and one can expect newer lows now, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

3:16 PM - The market is now likely to tread a new course after the Satyam setback, says Rahul Mohindar, technical analyst, on CNBC Awaaz. Maintain a stop loss of 2800 for Nifty which is a crucial support level and hold on till a clear picture emerges, he adds.

3:12 PM - On Monday, if Nifty closes above 2820 then the next level could be 2920-2940, says Vijay Bhambwani, technical analyst, on CNBC TV18. Maintain a stop loss of 2800, he feels. For one week, if Nifty stays above 2800, then it is good to go to 3000, he adds.

3:06 PM - The market is still trading weak. Sensex is trading at 9449, down 132 points and Nifty is at 2878, down 42 points from the previous close. CNX Midcap index is down 3.03% and BSE Smallcap index is down 3.06%. The market breadth is negative with advances at 213 against declines of 984 on the NSE.

2:55 PM - Buy HUL with a target of Rs 270 and stop loss of Rs 230, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 263, up 4.75% on the BSE.

2:48 PM - In the power space, hold or buy PTC and JP Hydro for the long term, says Rajesh Tambe, technical analyst, on Zee Business.

2:40 PM - Buy Hindustan Zinc with a target of Rs 430 and stop loss of Rs 320, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 387, down 7.66% on the BSE.

2:34 PM - Sharekhan maintains a buy call on 3i Infotech with a target of Rs 79, reports Zee Business. The stock is currently trading at Rs 34, down 4.12% on the BSE.

2:27 PM - Buy TCS with a target of Rs 570 and stop loss of Rs 480, says Neera Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 535, up 6.2% on the BSE.

2:20 PM - The Indian market will do well in the long term of 3-5 years, says Upendra Kulkarni, market expert, on CNBC Awaaz. Commodity prices, oil, inflation and interest rates are down, so the larger picture will improve once elections are announced and correction is over, he feels. One can go long on large cap stocks like Infosys (in IT), BHEL (in capital goods) and SBI (in banking space), he adds.

2:12 PM - Nifty is seeing short covering at lower levels and forming a base at 2800, says Vijay Bhambwani, technical analyst, on CNBC TV18. Maintain a stop loss of 2800 and go long on Nifty and test the waters, he feels. One can go long on L&T and Tata Power and short on DLF and Unitech, he adds.

2:01 PM - The European markets opened positive but are now trading weak. The Indian market has seen a slight recovery. Sensex is trading at 9470, down 116 points and Nifty is at 2877, down 42 points from the previous close. CNX Midcap index is down 3.26% and BSE Smallcap index is down 3.178%. The market breadth is negative with advances at 183 against declines of 1008 on the NSE.

1:55 PM - Sharekhan maintains a buy call on Bharati Airtel with a target of Rs 985, reports Zee Business. The stock is currently trading at Rs 630, down 2.87% on the BSE.

1:49 PM - Sell TTML as it looks weak and switch to Reliance Communications or Idea that are better in the telecom space, says Rajesh Tambe, technical analyst, on Zee Business. TTML is currently trading at Rs 21, down 1.15% on the BSE.

1:41 PM - The government will take firm action against striking oil officers, says Home Minister P Chidambaram, on CNBC TV18. NBFCs liquidity needs seen at Rs 20,000 crore now and RBI to give liquidity to NBFC via the IDBI's stressed fund.

1:33 PM - Citigroup maintains a buy call on Infosys with a target of Rs 1350, reports CNBC Awaaz. The stock is currently trading at Rs 1219, up 2.7% on the BSE.

1:24 PM - Pinc Research maintains a buy call on ABG Shipyard with a target of Rs 195, reports Zee Business. The stock is currently trading at Rs 104, down 4.81% on the BSE.

1:15 PM - HSBC downgrades L&T to neutral from overweight with a target price of Rs 882 from Rs 1250, reports CNBC TV18. The stock is currently trading at Rs 715, down 7.77% on the BSE.

1:03 PM - The market looks weak at this point with both Nifty and Sensex down 2.5%. Sensex is trading at 9331, down 255 points, and Nifty trading at 2841, down 79 points, from the previous close. CNX Midcap is down 3.9% and BSE Midcap is down 4%. The market breadth is negative with advances at 150 as against a decline at 1028.

12:53 PM - Exit from Unitech without seeing any support or resistance level, says Satish Kannav of Arihant Capital Market Ltd. on NDTV Profit. The stock is currently trading at Rs 31.40, down 13.7% on the BSE.

12:47 PM - Hold on to Infosys which will see support at Rs 1025-1070, says technical analyst on CNBC Awaaz. The stock is currently trading at Rs 1224, up 3.1% on the BSE.

12:40 PM - SMC Global maintains a buy call on IDBI Bank with a target of Rs 75 and stop loss of Rs 62, reports CNBC Awaaz. The stock is currently trading at Rs 65.35, down 1.1% on the BSE.

12:33 PM - Buy SAIL which has support at Rs 77, says Satish Kannav of Arihant Capital Market Ltd. on NDTV Profit. It has resistance at Rs 95, he adds. The stock is currently trading at Rs 81.10, down 6.8% on the BSE.

12:26 PM - Hem Securities maintains a sell call on Bank of Baroda with a target of Rs 255 and stop loss of Rs 283, reports CNBC Awaaz. The stock is currently trading at Rs 275.10, up 0.3% on the BSE.

12:19 PM - Hold on to ABB with a stop loss of Rs 465, says PK Agarwal, market expert, on Zee Business. Do part-profit booking at Rs 550, he adds. The stock is currently trading at Rs 491.50, up 2% on the BSE.

12:12 PM - Market is under pressure, hovering around 2800. Sensex is trading at 9411, down 175 points, and Nifty trading at 2860, down 60 points, from the previous close. BSE Midcap is down 4% and CNX Midcap is down 3.9%.

12:03 PM - The inflation figures for the week ending Dec 27 has been declared at 5.91%, down from the previous figure of 6.38%, reports NDTV Profit. Inflation below 6% for the first time since Feb '08, it adds.

11:57 AM - SMC Global maintains a buy call on Glenmark Pharmaceuticals with a target of Rs 330 and stop loss of Rs 242, reports CNBC Awaaz. The stock is currently trading at Rs 256.10, down 6.2% on the BSE.

11:50 AM - Hold on to Patni Computer which will see stiff resistance at Rs 210 at which level one can exit, says P.Phani Sekhar of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 119, down 6.2% on the BSE.

11:43 AM - Hold on to ITC with a stop loss of Rs 160, says PK Agarwal, market expert, on Zee Business. Do part-profit booking at that level, he adds. The stock is currently trading at Rs 169.50, up 0.7% on the BSE.

11:37 AM - Hem Securities maintains a sell call on Kotak Bank with a target of Rs 320 and stop loss of Rs 275, reports CNBC Awaaz. The stock is currently trading at Rs 329.95, down 9.3% on the BSE.

11:30 AM - Hold on to Mastek Ltd. for now, says P. Phani Sekhar of Angel Broking on CNBC Awaaz. Exit at rally and invest in large cap stocks, he adds. The stock is currently trading at Rs 150, down 8.5% on the BSE.

11:23 AM - Hold on to DLF with a stop loss of Rs 225, says PK Agarwal, market expert, on Zee Business. It has support at Rs 200-225, he adds. The stock is currently trading at Rs 148, down 37% on the BSE.

11:17 AM - India should not be adversely affected if one company has accounts irregularity, says Adrian Movat of JP Morgan on NDTV Profit, referring to the Satyam Computers fiasco.

11:10 AM - The market looks fairly choppy an hour after opening. The Sensex is trading at 9484, down 103 points, and Nifty trading at 2883, down 35 points, from the previous close. CNX Midcap was down 1.9% and BSE Midcap down 2.3%. The market breadth was negative with advances at 160 versus a decline of 937.

11:03 AM - Hold on to Bharat Electronics Ltd. with a stop loss of Rs 742-745, says Simi Bhaumik, technical analyst, on Zee Business. Book profit at Rs 790, she adds. The stock is currently trading at Rs 785, up 1.9% on the BSE.

10:56 AM - Hold on to Reliance Communications with a long-term view, says PK Agarwal, market expert, on Zee Business. It might see a support of Rs 180 on the downside, he adds. One can exit at next rally, he suggests. The stock is currently trading at Rs 201.20, down 2.6% on the BSE.

10:49 AM - Hold on to GVK Power with a stop loss of Rs 16.90, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 18.60, down 0.3% on the BSE.

10:42 AM - Sectors that are strong in terms of investment are banks and financial institutions, says Adrian Movat of JP Morgan on NDTV Profit. Also good are property stocks, auto and cement, he adds.

10:35 AM - Buy Rohit Ferro at Rs 21 with a stop loss of Rs 17.95, says Simi Bhaumik, technical analyst, on Zee Business. Not much correction seen in stock, she adds. The stock is currently trading at Rs 22.30, down 5% on the BSE.

10:29 AM - Buy Infosys which has support at Rs 1060 and resistance at Rs 1350, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1228.50, up 3.5% on the BSE.

10:23 AM - Hold on to Tata Steel which has strong support at Rs 205-210, says Simi Bhaumik, technical analyst, on Zee Business. Exit at Rs 260, she adds. The stock is currently trading at Rs 233.50, down 0.06% on the BSE.

10:15 AM - The market has opened with both Sensex and Nifty off the last day's low, recovering by 1.5% each. The CNX Midcap is down 1.7%. The market breadth is negative, with advance at 84 as against declines of 352.

10:08 AM - Buy TCS which has support at Rs 460 and resistance at Rs 555, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is at Rs 495, down 1.7% on the BSE.

10:01 AM - Sell IFCI with a stop loss of Rs 19.80, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 21.20, down 15% on the BSE.

9:50 AM - Sensex and Nifty have announced removal of Satyam Computers from their list from Monday, reports CNBC Awaaz.

9:39 AM - Sensex will see strong support at 9200 when market opens two days after the Satyam Computers fiasco, says Anil Singhvi, market expert, on CNBC Awaaz. There will be volatile but range-bound trading later today, he adds.