Reality sector is up in last 3 trading sessions..There is a news that 3rd bailout package coming soon which will benefit Infrastructure & IT sector..DII's are buying reality stocks which includes DLF,unitech also..In between Governement is planning to cancel STT tax upon share transaction (delivery) which is beneficial for investor as STT tax charges lot money per transaction..Governement also planning to reduce income tax for corporate sector to 30% & for personal to 25%..

After continuous 8 days downtrend from 61 to 41 finally Satyam showed green today, its like Oasis in Desert for investors who holding Satyam share.
Satyam traded with high volume today & there is too much volatility at this counter, At beginning it declined by 2-3% to show 41.15 as days low and suddenly in few minutes it rise to 48.35 days high, at end of day it stabilized at 47.15.Today it traded with 53205035 volumes and ranked 8th among active stocks at NIFTY.
Karnik said the company’s long-term plan would be in place in seven to 10 days. He added that the beleaguered tech firm was yet to pay February salaries to its employees but was in a position to do so.
There is news that bidding for strategic partner for Satyam will start soon.Bidding will take place in 2 phase.The debate over whether Satyam will induct a strategic partner through a bidding process seems to be over. The board is clear it will be through a bidding process. Moreover, the board which meets in Mumbai on Thursday is also expected to discuss appointing an independent committee to oversee the bidding process.independent committee headed by a retired Supreme Court judge would oversee this bidding.
Satyam will lay down stiff eligibility norms for the bidders; wherein the potential acquirer must have a sound IT track record and they would have to subscribe to fresh shares as well.
Sebi is close to finalising the norms for acquirers in special circumstances like Satyam. Sources that special circumstances would be triggered in the event of government or CLB or regulators superseding a board. The request for waiver of ordinary takeover norms would come from the company's board and not the acquirer.
Hope it will cross 50 mark soon.

1) Kiran Karnik new chairman of Satyam claimed that Satyam not cutting down manpower & news of cutting down 13000 employees are rumors

2) Satyam getting new clients as well losing some clients. Kiran Karnik said its common and happenes with every IT company.

3) Govt. not willing to sell Satyam at the earliest because real value of Satyam may be higher.

4) Sebi wants 2 more days to probe Raju because they suspects Raju has bought 6500 Cr land through Rajayya a congress man

5) Clever L & T want to get Satyam at very very cheap price.

6) Satyam is trading in a range of 45-49 nowadays.

Today Satyam board made announcement of new CEO. AS Murty will be new CEO of Satyam. Murty was global business head of Satyam. Board also announces Homi Khusrokhan and Partho Datta as special advisors. Satyam got a loan of 600 Cr as working capital from banks.

In between it is believed that Satyam has paid employees salary for january month from a cash balance available at company, this makes clear that company had cash balance. I suspect from day 1 since Raju'c confession that Satyam already had a cash balance & Raju diverted it to his infrastructure company Maytas over last 3-4 years. Company was never running in loss, it is profit making company. If company were making losses how Raju able to pay salary of 53000 employees over so many years? According to some sources Satyam requires 200 Cr per month to pay salary of employees. This couldnot be possible for loss making company to bear that much manpower. So it is clear that Raju siphned money.

I don't know when investigation result will be out, why it is taking too long time to unreveal true story. And now SEBI is investigating Raju behind bars. It already have investigated Raju last 2 days, still they have 2 more days left to investigate him. Meanwhile market has taken it negatively and Satyam share cracked down from 61 to 46 in last 3 trading sessions. Poor investors again got stuck, some of them have bought shares above 100/-, they are suffering all this loss unnecessarily. I think SEBI might announce open offer auction in this counter as early as possible so that investors wont suffer anymore loss further.

Today reality sector hit badly as there are news that DLF has inflated balancesheet. DLF lost 13% today , its all time low now around 132.50 but it is not recommended to invest in DLF untill picture will clear. DLF & Unitech both posted big loss in this quarter, DLF's profit 65% down while Unitech's profit 95% downm both companies are facing lot trouble nowadays.

Other reality stocks which hit badly today includes HDIL, IBR. HDIL's last trade price is 79/-, its attractive level to invest, one can start buying from here. While IBR is 93 by end of day and its all time low is 83. IBR was my favorite share in past due to high volatility, it can gain 25% a day.

Satyam got 15 new contracts in January monthm most of then are insurance and phrmacutical companies. Two of them are from JP Morgan chase and 95% of old top clients are still with Satyam. I think if Satyam continue getting such contracts per month its value can be 150+ within next 5-6 months. Meanwhile SEBI has got permission from AP Highcourt to question Raju, Market discounted this news which in result led to 6.27% fall in Satym's price and it closed at 53.75 by end of day.

There is lot of confusion regarding open offer price of Satyam as SEBI said yesterday in Press Conference that price before 7th January is not valid and even price after 7th Jan is not valid as well. So according to many experts Satyam's open offer price will be closely related to its current market price. It may slight above/below current market price.

There are many companies in race for acquiring Satyam which includes L & T, iGate global, Hinduja Global, Spice Tele, Tech mahindra. So once open offer price declared bidding will happen which can trigger share price by 25% to 50% from open offer price. We can hope for best.

At friday IOB (Indian Overseas Bank) hits all time low 60/- in intraday and closed at 60.95 by end of day..It is good opportunity to invest into IOB as share is extremely cheap according to me and one can easily get approximately 80-100% return in this counter.
Its price per earning ratio P/E is 2.67
52 Week High 190
52 Week Low 59.50

Net profit 388.4 Cr Quarterly

Its P/E is really very low as compared to other Banking Sector stocks where P/E is more than 4.

On friday Gold hit record price of 14400 on MCX. It seems like investors are bullish on gold as it is comparatively safer than stock market investment. I think market can go down from here as peoples are withdrawing money from share market and investing into gold. The same thing was happened in Nov 2008 when market marked its low 7500 level on the eve of Diwali & Gold was moving up.

Now Hinduja has joined race for Satyam.The group has sent a formal communication to the investment bankers of Satyam expressing its interest in Hyderabad-based software exporter... Hinduja Global Solutions, the new industry arm of the Hinduja Group, has $130 million of cash in books to mount the takeover bid. “If a proper and transparent bidding process is followed, we are definitely interested in Satyam.

I think this news can boost Satyam share at beginning on Monday trade..But I am waiting for SEBI's meeting on 2nd FEB, in which they likely to take decision about Open Offer price.

Meanwhile some newspapers like Loksatta continuously publishing negative news about Satyam from first day. I suspects about theirs attitude. In Loksatta past few days a news was published that "Satyam is involved in efraud" and Today they published that people says SEBI should delist Satyam or stop trading on Satyam as many companies are joining race for Satyam to increase their share value only. Really funny newspaper though it is major one among Marathi peoples. It seems like they are publishing such news on behalf of infosys, they are advocating infosys. If you get a chance then complain against this negative campaign.

Satyam down today due to F & O expiry but investors done need to be panic..Investors can hold their positions because something happening at this counter.

1) Recent news is that B K Modi-led Spice group keen to buy Satyam. The spice group has given a letter of expression of interest for the company. Prior to this, L&T has also given a letter expressing their interest in taking over the company.

The Spice group recently sold their telecom business and is looking for some new business to enter. The official said that the group is in the businesses of entertainment, BPO, IT, retail and mobile handset. The source, however, declined to comment on present holding of Spice group in Satyam.

2) SEBI is going to take decision about Open Offer rate by 2nd FEB..

3) Satyam's government-appointed board and senior employees were reaching out to customers to stop them from joining State Farm Automobile Insurance in cancelling contracts, Tarun Das told a news channel on Thursday.And in addition they were pushing clients to expand their business with Satyam while chasing new contracts.

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.

4:00 PM - Positive global cues and short covering saw the Indian market close firm today ahead of F&O expiry tomorrow. Sensex shut shop at 9257, up 253 points and Nifty at 2849, up 78 points from the previous close. CNX Midcap index was up 0.65% and BSE Smallcap index was up 1.18%. There was good buying in realty, metal and banking stocks. The market breadth was positive with advances at 732 against declines of 445 on the NSE. Top Nifty gainers included Unitech, SAIL and ICICI Bank while losers included Maruti, Suzlon and Reliance Communications.

3:56 PM - Buy ONGC with a target of Rs 674-735 and once that is crossed it can go to Rs 810-820, says Prasad Kushe of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 615, he adds. The stock is currently trading at Rs 641, up 3.2% on the BSE.

3:54 PM - Buy L&T with a target of Rs 740-745 and it has support at Rs 610-615, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 670, up 5.2% on the BSE.

3:50 PM - Buy Cairn with a target of Rs 175-185 and stop loss of RS 150, says Prasad Kushe of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 173, up 7.77% on the BSE.

3:49 PM - Hold Cairn with a target of Rs 180, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 173, up 7.77% on the BSE.

3:46 PM - The market has shown resilience today and is seeing a pre-expiry short covering rally, feels Vijay Bhambwani, technical analyst, on CNBC TV18. Nifty may see some profit booking around 2875-2890 levels but it may not be the end of the upmove, he adds. Roll over 50% longs and book some profits, he says.

3:40 PM - It was a good day for the market ahead of F&O expiry tomorrow. Sensex closed at 9264, up 260 points (provisional) and Nifty at 2854, up 83 points (provisional) from the previous close. CNX Midcap index was up 0.67% and BSE Smallcap index was up 1.28%. The market breadth was positive with advances at 743 against declines of 441 on the NSE.

3:35 PM - Hold Nifty long positions with a stop loss of 2750, says E Mathew, technical analyst, on CNBC TV18, as closing market strategy.

3:30 PM - Hold Nifty long positions with a stop loss of 2810, says Rajat Bose, technical analyst, on CNBC TV18, as closing market strategy.

3:25 PM - TCS bags order worth $100 million from Phones 4 U, reports NDTV Profit. TCS to manage the IT operations of Phones 4 U. The stock is currently trading at Rs 507, up 1.8% on the BSE.

3:21 PM - Buy Sesa Goa with a target of Rs 86-92 and stop loss of Rs 70, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 80, up 10.9% on the BSE.

3:15 PM - Earnings have been on expected lines for the market, says Apurva Shah of Prabhudad Liladhar, on CNBC TV18. But there has been no FII participation so the rally is unlikely to sustain at higher levels, he feels.

3:10 PM - Nifty now has resistance at 2850 after which it could see a minor correction that could take it to 2750-2700, says Prasad Kushe of Angel Broking on CNBC Awaaz. If in a correction 2650 is not broken then Nifty could rally to 3100, he adds.

3:05 PM - The market continues to look good. Sensex is trading at 9236, up 232 points and Nifty is at 2838, up 67 points from the previous close. CNX Midcap index is up 1.08% and BSE Smallcap index is up 0.67%. The market breadth is positive with advances at 763 against declines of 433 on the NSE.

2:56 PM - HEM Securities maintains a buy call on ICICI Bank with a target of Rs 403 and stop loss of Rs 370, reports CNBC Awaaz. The stock is currently trading at Rs 395, up 3.68% on the BSE.

2:48 PM - Shree Cements net profit is up 253%, at Rs 123 crore versus Rs 35 crore (YoY) and sales up 25% at Rs 665 crore versus Rs 529 crore (YoY), says HM Bangur, MD of the company, on NDTV Profit. The company has EBIDTA margins of 37% which are now under pressure, he says. The stock reacts to positive numbers and is up, trading at Rs 511, up 8% on the BSE.

2:41 PM - SMC Global Securities maintains a buy call on Cairn India with a target of Rs 184 and stop loss of Rs 148, reports CNBC Awaaz. The stock is currently trading at Rs 170, up 5.66% on the BSE.

2:35 PM - Buy Cairn India with a target of Rs 175-184 and stop loss of Rs 154, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 169, up 5.03% on the BSE.

2:27 PM - HEM Securities maintains a buy call on Cairn India with a target of Rs 172 and stop loss of Rs 155, reports CNBC Awaaz. The stock is currently trading at Rs 169, up 5.03% on the BSE.

2:21 PM - Buy Tata Motors with a target of Rs 156-168 and stop loss of Rs 134, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 146, up 4.63% on the BSE.

2:14 PM - Sell Adlabs in any rally with a short-term target of Rs 190 and stop loss of Rs 150, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 93, down 0.11% on the BSE.

2:06 PM - The European markets have opened in the positive. The Indian market is looking good. Sensex is trading at 9170, up 165 points and Nifty is at 2824, up 53 points from the previous close. CNX Midcap index is up 0.53% and BSE Smallcap index is up 0.67%. The market breadth is positive with advances at 679 against declines of 473 on the NSE.

1:55 PM - Crnindia.com maintains a buy call on Crompton Greaves with a target of Rs 147 and stop loss of Rs 129, reports CNBC Awaaz. The stock is currently trading at Rs 134, up 2.39% on the BSE.

1:48 PM - Traders should book profits in Satyam in any rally as the fundamentals of the stock are still unclear for taking any investment call, says Deven Choksey of KR Choksey, on Zee Business. The stock is currently trading at Rs 53, up 14.21% on the BSE.

1:40 PM - Crnindia.com maintains a buy call on Central Bank of India with a target of Rs 42 and stop loss of Rs 37, reports CNBC Awaaz. The stock is currently trading at Rs 39, up 3.25% on the BSE.

1:31 PM - Hold Punj Lloyd for the long term but with a stop loss of Rs 88 and in the short term it has a target of Rs 99 in the short term, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 93, down 0.11% on the BSE.

1:24 PM - Confidence seems to be returning to the market, says Ajay Srivastava of Dimensions Consultants on CNBC TV18. The mood of pessimism and disaster has been lifted and now things are looking better for the market, he adds.

1:15 PM - The Asian markets are trading firm. The Indian market is also trading stable but commodities have plunged today. Sensex is trading at 9081, up 77 points and Nifty is at 2794, up 23 points from the previous close. CNX Midcap index is down 0.16% and BSE Smallcap index is up 0.66%. The market breadth is positive with advances at 647 against declines of 483 on the NSE.

1:07 PM - Buy IDFC around Rs 45-50 for the long term in any market fall, says Anil Maghnani, technical analyst, on Zee Business. The stock is currently trading at Rs 56, up 2.25% on the BSE.

1:01 PM - Hold L&T which has support at Rs 488, says Ashu Bagri, technical analyst, on NDTV Profit. It has four resistance levels of Rs 687, Rs 722, Rs 764 and Rs 800, he adds. The stock is currently trading at Rs 644.25, up 1% on the BSE.

12:54 PM - Buy ITC for long term, says Paras Bothra of Ashika Stock Broking on NDTV Profit. It will give good returns of 15-20% in six months, he adds. The stock is currently trading at Rs 173.65, up 1.6% on the BSE.

12:47 PM - Take any opportunity to exit from Tata Tele at higher levels, says Mehraboon Irani of Centrum Broking, on CNBC Awaaz. The stock is currently trading at Rs 22.55. up 1.6% on the BSE.

12:40 PM - Sell Glenmark Pharma, says Amitabh Chakraborty of Religare Securities, on CNBC TV18. There is downgrading of the stock and picture is all not that good, he adds. The stock is currently trading at Rs 147.15, down 21.8% on the BSE.

12:33 PM - Buy United Spirits on decline with target of Rs 520 and Rs 555, says E Mathew, technical analyst, on CNBC TV18. It has huge support at Rs 425, he adds. The stock is currently trading at Rs 550, up 10.8% on the BSE.

12:26 PM - Sell Tata Steel at Rs 210-215, says Ashu Bagri, technical analyst, on NDTV Profit. It has support at Rs 166 and Rs 147, he adds. The stock is currently trading at Rs 170.05, down 1.3% on the BSE.

12:20 PM - Exit from Aban Offshore at Rs 600-625, says Rajesh Agarwal of CD Equisearch, on Zee Business. The stock is currently trading at Rs 468.70, up 2.9% on the BSE.

12:15 PM - Hold Rolta India which has support at Rs 74-82, says Ashu Bagri, technical analyst, on NDTV Profit. It has resistance at Rs 93-97 at which level book profit, he adds. The stock is currently trading at Rs 84.30, up 2.1% on the BSE.

12:09 PM - The market at noon is trading quiet with both Sensex and Nifty doing decently well, based on good global cues. Stock to watch out for is Lanca Infra with its numbers hvaing been declared. Sensex is trading at 9089, up 85 points from its previous close, and Nifty is at 2797, up 26 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.6%. The market breadth is positive with advances at 663 against declines of 440 on the NSE.

11:59 AM - Do not go short on Punj Lloyd, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. There will be no level to keep a stop loss, he adds. The stock is currently trading at Rs 92.80, down 0.5% on the BSE.

11:53 AM - Sell BPCL with target of Rs 410, says Rajesh Agarwal of CD Equisearch, on Zee Business. Keep stop loss of Rs 365, he adds. Long-term investors should hold, he says. The stock is currently trading at Rs 384.75, up 0.1% on the BSE.

11:46 AM - Exit from Sesa Goa, says Gaurang Shah of Geojit Financials, on CNBC Awaaz. Instead invest in Reliance or Tata Steel, he adds. The stock is currently trading at Rs 73.50, up 1.1% on the BSE.

11:39 AM - Sell Nagarjuna Fertilisers on rally within 6 to 8 months, says Rajesh Agarwal of CD Equisearch, on Zee Business. New investors should stay away from the fertiliser sector, he adds. The stock is currently trading at Rs 15.30, up 0.1% on the BSE.

11:32 AM - Buy ICICI Bank at Rs 381 with target of Rs 396, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 369, she adds. The stock is currently trading at Rs 386.25, up 1.3% on the BSE.

11:25 AM - Sell Aptech with target of Rs 100-110, says Rajesh Agarwal of CD Equisearch, on Zee Business. The stock is currently trading at Rs 73.05, up 0.1% on the BSE.

11:18 AM - Average Sterlite Industries at Rs 240, says Pradeep Surekha, technical analyst, on Zee Business. It has support at Rs 235, he adds. The stock is currently trading at Rs 268.55, up 0.3% on the BSE.

11:11 AM - An hour into opening, the Sensex and Nifty are trading positive yet it is a lackluster market in comparison with the broad move seen yesterday. Sensex is trading at 9076, up 72 points from its previous close, and Nifty is at 2795, up 23 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 340 against declines of 130 on the NSE.

11:01 AM - Stay away from L&T, say Ajay Bagga of Deutsche Bank, on CNBC Awaaz. There is pressure on the stock and it will fall further, he adds. The stock is currently trading at Rs 651, up 2% on the BSE.

10:55 AM - Buy Punj Lloyd at Rs 93 with target of Rs 98, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 89, she adds. The stock is currently trading at Rs 94.45, up 1.2% on the BSE.

10:48 AM - Sell Tata Steel at Rs 175-180, says Raj Kishore Bang of Sixth Sense, on CNBC Awaaz. Make fresh entry at Rs 150-155, he adds. The stock is currently trading at Rs 171.70, down 0.4% on the BSE.

10:41 AM - Hold Indiabulls Securities with stop loss of Rs 17, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. It has resistance at Rs 22-24, he adds. The stock is currently trading at Rs 22.20, up 7.8% on the BSE.

10:34 AM - Buy Renuka Sugars with target of Rs 85, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 65, he adds. The stock is currently trading at Rs 71, up 1.2% on the BSE.

10:27 AM - Do profit booking for Hanung Toys at Rs 40-45, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Buy more on dips, he adds. The stock is currently trading at Rs 31.25, up 6.3% on the BSE.

10:20 AM - Hold Satyam Computers which may go up to Rs 55-57, says Rajat Bose, technical analyst, on CNBC Awaaz. There may be fresh but risky buying with stop loss of Rs 48, he adds. The stock is currently trading at Rs 50.90, up 7.9% on the BSE.

10:13 AM - Go long on Bharti Airtel with target of Rs 700 plus, says TS Harihar of Karvy Stock Broking, on CNBC TV18. The stock is currently trading at Rs 645.35, down 0.4% on the BSE.

10:06 AM - It has been a quiet start to the market today with most of the heavyweights up by 1%. Sensex is trading at 9082, up 78 points from its previous close, and Nifty is at 2798, up 26 points. CNX Midcap index is up 0.7% and BSE Smallcap index is up 0.3%. The market breadth is positive with advances at 340 against declines of 180 on the NSE.

9:58 AM - Nifty will see strong resistance levels of 2810 today, says Raj Kishore Bang of Sixth Sense, on CNBC Awaaz. Long traders should keep stop loss of 2690-2750, he adds.

9:53 AM - Hold Reliance which has resistance at Rs 1260-1280, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. Make fresh entry at Rs 1150-1170, he adds. The stock is at Rs 1227, up 6.4% on the BSE.

9:46 AM - Nifty will have a positive opening today at 2800, says Mitesh Thacker, technical analyst, on CNBC TV18. There will be trade-bound action and more rally will be seen today, he adds. He sees support for Nifty at 2650 and resistance at 2850-2890.

9:39 AM - Market will be mildly bullish today, says Deepak Mohoni, technical analyst, on CNBC TV18. Nifty day trade may see 20-30 points on either side, he adds. Bharti Airtel will be in focus today, he says.

9:32 AM - Resistance for Nifty is seen between 2,840-2,850 today, says Jitendra Panda of Motilal Oswal Securities on CNBC TV18. Banking and oil & gas look strong, he adds. Auto has seen short covering and metals may sell-off post expiry after short covering is completed, he says.

4:00 PM - The Indian market outperformed its global peers today to close at the high point of the day. Sensex shut shop at 9004, up 329 points and Nifty at 2771, up 92 points from the previous close. CNX Midcap index was down 0.04% and BSE Smallcap index was up 0.34%. The market breadth was positive with advances at 642 against declines of 550 on the NSE. Top Nifty gainers included Sterlite, Reliance Infrastructure and Ranbaxy while losers included GAIL, ONGC and Suzlon.

3:55 PM - Buy Tata Communications with a target of Rs 465 in 2-3 days and stop loss of Rs 435, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 442, up 3.78% on the BSE.

3:50 PM - Hold Cadilla Healthcare with a target of Rs 260 where one can book profits, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 242, up 1.84% on the BSE.

3:45 PM - The market saw a good relief rally today and there may be some more upside left, feels Anil Maghnani, technical analyst, on Zee Business. Nifty has resistance at 2850-2950 and Sensex at 9330-9767, he adds. But the market is likely to resume its downside after this expiry, he says.

3:40 PM - It was a good day for the market today. Sensex closed at 9008, up 334 points (provisional) and Nifty at 2771, up 92 points (provisional) from the previous close. CNX Midcap index was up 0.08% and BSE Smallcap index was up 0.27%. The market breadth was positive with advances at 638 against declines of 561 on the NSE.

3:34 PM - Hold Nifty long positions with a target of 2850, says Devangshu Sutta, market expert, on CNBC-TV18, as closing market strategy. Buy Bharati Airtel with a target of Rs 680 and stop loss of Rs 635, he adds.

3:26 PM - Buy ACC with a target of Rs 520 in 2-3 days and stop loss of Rs 475, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 486, up 2.65% on the BSE.

3:20 PM - Hold Sesa Goa as in a pullback rally it has a target of Rs 79 where one can book profits, says E Mathew, technical analyst, on CNBC TV18. The stock has support at Rs 64-66 and is currently trading at Rs 72, up 6.59% on the BSE.

3:15 PM - Sensex is likely to be rangebound for some time, says Ajay Bagga with Deutsche Bank on NDTV Profit. Invest in cement stocks, in the next 6-12 months they could offer good returns, he adds.

3:11 PM - Earnings have been in line with expectations but next quarter may see a slump in demand, says Shashank Khade of Kotak Securities, on CNBC TV18. The market has shown that it does not have too much tolerance of negative news and stocks with poor results are being hammered down, he says. But one cannot say if this is the worst quarter or more pain is to come, he adds.

3:05 PM - Sensex crosses 9000 and is trading at 9019, up 344 points from the previous close.

3:04 PM - After last week's fall in the market a relief rally was overdue, says Anil Maghnani, technical analyst, on Zee Business. This week Nifty resistance is 2850-2950 and then the downtrend is likely to resume, he feels. Use any Nifty rally (in 2850-2950 range) to pare down long positions, he adds.

3:02 PM - The market is still looking good. Sensex is trading at 8993, up 318 points and Nifty is at 2770, up 92 points from the previous close. CNX Midcap index is up 0.23% and BSE Smallcap index is up 0.30%. The market breadth is positive with advances at 619 against declines of 553 on the NSE.

2:53 PM - Sell GTL Ltd with a target of Rs 207 and stop loss of Rs 222, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 218, up 0.34% on the BSE.

2:45 PM - Hold Educomp as in a pullback rally it has a target of Rs 1800 where one can book profits, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1669, down 4.3% on the BSE.

2:40 PM - Sell ONGC with a target of Rs 600 and stop loss of Rs 645, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 619, down 4.2% on the BSE.

2:33 PM - If market makes new lows, Adlabs will be available at Rs 140 where one can buy the stock, says MB Singh, technical analyst, on Zee Business. In eight quarters the stock could go to Rs 225 and then see a breakout, he feels. The stock is currently trading at Rs 163, up 2.12% on the BSE.

2:25 PM - Pfizer buys Wyeth for $68 billion, says Jeff Kindler, CEO of Pfizer, on NDTV Profit. This merger will make Pfizer a giant in the pharmaceutical space with a market capital of $160 billion, says Sujay Shetty, head of Lifesciences, PWC. This will add an interesting range of vaccines to Pfizer's basket but the domestic impact will be slow, he says. Both stocks are up, Pfizer is trading at Rs 526, up 2.22% and Wyeth is trading at Rs 438, up 0.38% on the BSE.

2:16 PM - The market could add more gains in February and Nifty could see 3000 soon, says Vijay Bhushan, technical analyst, on CNBC Awaaz. Invest in the PSU banking space SBI, BoB and PNB are the top picks for the long term, he adds.

2:09 PM - The market seems to be breaking out despite negative news and Nifty could soon head to 3000 levels, says E Mathew, technical analyst, on CNBC TV18. If Nifty sustains above 2880 it will be the first signal of a short to medium term uptrend, he says. Nifty support to watch is 2670-2700 and any breakdown could see it go to 2550-2580, he adds. It's a difficult market to trade but a great opportunity for investors, he feels.

2:01 PM - The European markets have opened weak. The Indian market continues to trade firm. Sensex is trading at 8954, up 279 points and Nifty is at 2762, up 84 points from the previous close. CNX Midcap index is down 0.12% and BSE Smallcap index is up 0.11%. The market breadth is positive with advances at 610 against declines of 541 on the NSE.

1:52 PM - Kotak Securities maintains a buy call on HT Media with a target of Rs 115, reports Zee Business. The stock is currently trading at Rs 53, up 0.31% on the BSE.

1:44 PM - Buy Reliance Petroleum on dips around Rs 60 and book partial profit at Rs 90 after which the stock could see a breakout, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 79, up 3.12% on the BSE.

1:35 PM - Crnindia.com maintains a buy call on MRPL with a target of Rs 42 and stop loss of Rs 35, reports CNBC Awaaz. The stock is currently trading at Rs 37, up 1.09% on the BSE.

1:27 PM - Hold Unitech with a stop loss of Rs 25 as below that it could go all the way to Rs 20, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 27, up 1.86% on the BSE.

1:20 PM - The market is likely to make new deeper lows by February-March, says Shakar Sharma of First Global, on CNBC TV18. Sensex could test 7200 and it has strong support at 6000, he feels. But a sharp bear market rally could also take the Sensex up to 12000-12500, he adds.

1:13 PM - The Asian markets are trading firm. The Indian market is looking good as RBI leaves all important rates unchanged. Sensex is trading at 8957, up 283 points and Nifty is at 2765, up 87 points from the previous close. CNX Midcap index is up 0.36% and BSE Smallcap index is up 0.29%. The market breadth is positive with advances at 655 against declines of 491 on the NSE.

1:06 PM - L&T increases stake in Satyam from 4.48% to 12.04% by buying shares at an average cost of Rs 34.50/share, says YM Deosthalee, CFO of L&T, on CNBC TV18. L&T increases stake as initial cost of investment in the company was at risk, he says. The stake increase is an attempt to secure a board set and some corporate action will take place in the near future, he feels. L&T Infotech to touch $500 million this fiscal, he adds. Satyam is currently trading at Rs 46.15, up 18.79% on the BSE.

12:58 PM - crnindia.com maintains a buy call on Sterling Bio with target of Rs 167 and stop loss of Rs 155, reports CNBC Awaaz. The stock is currently trading at Rs 162.15, up 1.6% on the BSE.

12:51 PM - HSBC maintains a buy call on Marico with target of Rs 72, reports CNBC Awaaz. It is expected to give a return of 20% in 3-4 months, it adds. The stock is currently trading at Rs 59.35, down 0.8% on the BSE.

12:44 PM - Buy Mundra Port on dips, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 373.40, up 2.7% on the BSE.

12:37 PM - Kotak Securities maintains a buy call on Reliance Infrastructure with target of Rs 970, reports CNBC Awaaz. It is expected to give returns of 100%, it adds. The stock is currently trading at Rs 514.20, up 5.9% on the BSE.

12:29 PM - Tata Steel has good short-term buying opportunity, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 171.80, up 3.3% on the BSE.

12:22 PM - Go short on every rally for L&T, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Market has given this stock thumbs down, he adds. The stock is currently trading at Rs 627.50, down 2% on the BSE.

12:15 PM - Hold GSPL with stop loss of Rs 24.80, says Simi Bhaumik, technical analyst, on Zee Business. Exit on any bounce, she adds. The stock is currently trading at Rs 27, up 1.9% on the BSE.

12:07 PM - At noon the Nifty still holds the 2700 mark and RBI's declaration of rates staying unchanged has clearly not had much effect on the market. Sensex is trading at 8890, up 216 points from its previous close, and Nifty is at 2742, up 63 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.07%. The market breadth is positive with advances at 592 against declines of 523 on the NSE.

11:55 AM - Intra-day traders can buy Satyam Computers with trailing stop loss of Rs 40, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 45.90, up 18.2% on the BSE.

11:48 AM - Book your loss and exit from Spicejet, says Rajesh Tambe of Sunchan Securities, on Zee Business. The stock is currently trading at Rs 12.45, down 1.2% on the BSE.

11:41 AM - Buy Ranbaxy at Rs 188 with target of Rs 196, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 184, she adds. The stock is currently trading at Rs 187.50 on the BSE.

11:34 AM - Sell United Spirits which has support at Rs 460-430, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has resistance at Rs 500-517, he adds. The stock is currently trading at Rs 438.55, down 8.3% on the BSE.

11:27 AM - The Reserve Bank of India keeps interest rates unchanged, reports NDTV Profit. Unchanged are Repo rate, Reverse Repo rate and CRR. RBI sees FY09 GDP growth at 7% with downward bias, it adds.

11:21 AM - Sell Bank of India at Rs 240-250, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has support at Rs 222-241 and resistance at Rs 236-245, he adds. The stock is currently trading at Rs 233.75, up 1.5% on the BSE.

11:16 AM - Sell Wipro with target of Rs 180, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 223, he adds. The stock is currently trading at Rs 220.95, up 3.3% on the BSE.

11:09 AM - The market continues on a positive note with both Sensex and Nifty continuing in the green. Sensex is trading at 8863, up 189 points from its previous close, and Nifty is at 2735, up 57 points. CNX Midcap index is up 0.3% and BSE Smallcap index is up 0.3%. The market breadth is positive with advances at 599 against declines of 462 on the NSE.

11:01 AM - Buy Tata Motors at Rs 90-100, say Rajesh Tambe of Sunchan Securities, on Zee Business. It is a good stock, he adds. The stock is currently trading at Rs 138.25, up 2.3% on the BSE.

10:55 AM - Sell DLF on any rally, say VK Sharma of Anangram Stock Broking, on CNBC Awaaz. It is a weak stock, he adds. The stock is currently trading at Rs 163.25, up 1.4% on the BSE.

10:48 AM - Sell Aban Offshore at Rs 470-490, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has support at Rs 431-409 and resistance at two levels of Rs 420 and Rs 490, he adds. The stock is currently trading at Rs 441.50, down 2.6% on the BSE.

10:41 AM - Exit from ICICI Bank on any rally, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at Rs 390 and support at Rs 350, she adds. The stock is currently trading at Rs 372.80, up 2.3% on the BSE.

10:34 AM - Trade L&T with target of Rs 670-675, says Siddharth Bhamre of Angel Broking, on CNBC TV18. Keep stop loss of Rs 590-595, he adds. The stock is currently trading at Rs 632, down 1.4% on the BSE.

10:27 AM - Sell Mahindra & Mahindra at Rs 264 with target of Rs 251, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 271, she adds. The stock is currently trading at Rs 268, up 1.3% on the BSE.

10:21 AM - Hold GVK Power which has support at Rs 16.50, says Simi Bhaumik, technical analyst, on Zee Business. It is a technically weak stock and might go down to Rs 14-15, she adds. The stock is currently trading at Rs 19.10, up 1% on the BSE.

10:14 AM - Do profit-booking for Wyeth at Rs 509-510, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 420 and if it breaks resistance level of Rs 509, it can go up to Rs 588-590, he adds. The stock is currently trading at Rs 460.50, up 5.5% on the BSE.

10:07 AM - The market opens on a strong note with both Sensex and Nifty seeing a pull-back. Most of the Asian markets are closed today but the global cues are good. Sensex is trading at 8813, up 139 points from its previous close, and Nifty is at 2721, up 43 points. CNX Midcap index is up 0.5% and BSE Smallcap index is up 0.5%.

10:00 AM - Buy Max India with stop loss of Rs 106, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has two resistance levels of Rs 113 and Rs 116, he adds. The stock is currently trading at Rs 108.60, up 4.6% on the BSE.

9:53 AM - Nifty level of 2700 will be a good buying opportunity today, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Profit-taking levels will be 2750 and 2800, he adds.

9:46 AM - Today Nifty will see resistance at 2745 after which it might go up to 2800-2810, say Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. At this level intra-day traders may do selling. It has support at 2700 and if it breaks this level then it might go down to 2640, he adds.

9:39 AM - Sell Educomp Solutions on rally, says Ashwani Gujral, technical analyst, on CNBC Awaaz. On the upside it can go up to Rs 1500 and on the downside it has support at Rs 1200, he adds. The stock is currently trading at Rs 1747.35, down 2% on the BSE.

9:32 AM - Take profit in morning trade when market opens today, says VK Sharma of Anangram Stock Broking, on CNBC TV18. L&T and Satyam will be the stocks to watch out for, he adds.

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.

My view for satyam to reach 100

1. Vivek Paul is appointed the CEO

2. Goldman Sachs or JPM is appointed the interim investment bankers

3. Parekh remains the chairman or heads the board of directors for the next 5 years

4. Restated accounts do not reveal much of a loss ala Raju though I expect losses to be in the region of 3000 crore over the last 5 years

5. Employees chip in and take a dip in salaries and be competitive in billing rates though I am told Satyam offers the lowest billing rates worldwide. This is a fact why satyam has not yet fallen.

6. Satyam expertise in SAP which is the future worldwide will make it competitive in biling rates

7. LT will be take over SATYAM . If this happens it may be positive for LT but negative for SATYAM

4:00 PM - Positive global cues failed to support the Indian market that saw a flat close as frontline stocks got hammered on account of poor results. Experts feel if the results of Reliance Industries later today are above expectation then there could be a bounce but it is unlikely to sustain. Today, Sensex shut shop at 8813, up 34 points and Nifty at 2713, up 7 points from the previous close. CNX Midcap index was down 2.06% and BSE Smallcap index was down 2.05%. The market breadth was negative with advances at 292 against declines of 895 on the NSE. Top Nifty gainers included Nalco, Bharti Airtel and Power Grid while losers included DLF, Ranbaxy and Hindalco.

3:55 PM - HEM Securities maintains a sell call on Titan Industries with a target of Rs 860 and stop loss of Rs 928, reports CNBC Awaaz. The stock is currently trading at Rs 893, down 2.46% pn the BSE.

3:50 PM - Hold IVRCL Infra as it has resistance at Rs 135 where one can exit the stock, says Hormuz Maloo, technical analyst with Geojit Financial Services, on CNBC Awaaz. The stock is currently trading at Rs 98, down 8.3% pn the BSE.

3:45 PM - Sell Hindalco on any rally as it could go down to Rs 39, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 43, down 7.5% pn the BSE.

3:40 PM - It was a bad day as stocks with poor results got punished today. Sensex closed at 8803, up 24 points (provisional) and Nifty at 2708, up 2 points (provisional) from the previous close. CNX Midcap index was down 2.18% and BSE Smallcap index was down 2.05%. The market breadth was negative with advances at 304 against declines of 881 on the NSE.

3:32 PM - Square off all Nifty positions, suggests Devangshu Dutta, market expert, on CNBC TV18, as closing market strategy.

3:30 PM - Maintain Nifty short for a target of 2580 and stop loss above 2740, says Rahul Mohindar, technical analyst, on CNBC TV18, as closing market strategy.

3:27 PM - If Reliance Industries results later today are below expectations, then crucial levels could be broken, says Rajat Bose, technical analyst, on CNBC TV18. Nifty levels to watch for now are 2691-2650-2610 and on any bounce it must sustain above 2750, he feels. Anything less than 2750 on Nifty would be a meaningless recovery, he adds.

3:20 PM - Hold Cairn India as it has a short-term target of Rs 170-175, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 154, up 3.6% on the BSE.

3:14 PM - Buy Ranbaxy for the long term as valuations are attractive at current levels, says Hemang Jani of Sharekhan on NDTV Profit. But the stock could languish in the short term and forex losses need to be looked at carefully, he adds. The stock is currently trading at Rs 186, down 8.94% on the BSE.

3:07 PM - The market looks weak and is likely to retest the October lows, says Mehraboon Irani of Centrum Broking, on CNBC TV18. If the dollar strengthens and rupee weakens after a one-month honeymoon period for US President Obama, then the market could make new lows, he feels. Many stocks could crack once results are out, he adds.

3:01 PM - The European markets continue to trade in the positive. But the Indian market continues to be sticky. Sensex is trading at 8807, up 28 points and Nifty is at 2703, down 2 points from the previous close. CNX Midcap index is down 2.11% and BSE Smallcap index is down 1.95%. The market breadth is negative with advances at 265 against declines of 904 on the NSE.

2:55 PM - Sell Reliance Infrastructure with a target of Rs 450 and stop loss of Rs 565, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 495, down 4.88% on the BSE.

2:47 PM - PL Research maintains a buy call on Nagarjuna Constructions with a target of Rs 90, reports Zee Business. The stock is currently trading at Rs 50, down 5.83% on the BSE.

2:39 PM - SMC Global Securities maintains a buy call on Bharat Electronics with a target of Rs 850 and stop loss of Rs 750, reports CNBC Awaaz. The stock is currently trading at Rs 776, down 0.98% pn the BSE.

2:29 PM - Sell Mahindra & Mahindra with a target of Rs 250 and stop loss of Rs 310, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 282, down 4.48% on the BSE.

2:21 PM - The Indian market is taking positive global cues and mirroring their gains, says Upendra Kulkarni of Fortis Financial, on CNBC Awaaz. This is a good time to invest in frontline large cap stocks for the long term, he adds.

2:14 PM - The market is under pressure and unless Nifty is able to trade above 2800-2825 it seems like a sell on rallies trend, says Vijay Bhambwani, technical analyst, on CNBC TV18. The bears seem to be pushing the market lower at every bounce so one should square off at least 2/3rd of one's short positions, he adds.

2:05 PM - The European markets have opened positive. But the Indian market is under pressure. Sensex is trading at 8755, down 23 points and Nifty is at 2698, down 8 points from the previous close. CNX Midcap index is down 1.92% and BSE Smallcap index is down 1.71%. The market breadth is negative with advances at 284 against declines of 874 on the NSE.

1:56 PM - Buy Polaris with a target of Rs 65 and stop loss of Rs 40, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 43, down 0.92% on the BSE.

1:49 PM - Marico Q3 consolidated net sales is at Rs 622.7 crore versus Rs 506.2 crore (YoY) and PAT at Rs 50.89 crore versus Rs 45.87 crore (YoY), reports NDTV Profit. The stock is currently trading at Rs 57, up 1.24% on the BSE.

1:41 PM - In the FMCG space, sell Amar Remedies and switch to a better stock like Dabur India in this sector that can offer better returns, says Rajesh Tambe, technical analyst, on Zee Business. Amar Remedies is currently trading at Rs 15, down 1.29% on the BSE.

1:31 PM - Crnindia.com maintains a buy call on Opto Circuits with a target of Rs 95 and stop loss of Rs 85, reports CNBC Awaaz. The stock is currently trading at Rs 87, down 0.4% on the BSE.

1:23 PM - Hold Cipla with a short-term target of Rs 205-210 and a stop loss of Rs 170, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. The stock is currently trading at Rs 173, down 3.3% on the BSE.

1:14 PM - The Asian markets are trading ranged. The Indian market is holding onto its morning gains. Sensex is trading at 8844, up 65 points and Nifty is at 2723, up 17 points from the previous close. CNX Midcap index is up 1.12% and BSE Smallcap index is down 1.14%. The market breadth is negative with advances at 331 against declines of 788 on the NSE.

1:04 PM - crnindia.com maintains a buy call on Cairn India with target of Rs 170 and stop loss of Rs 145, reports CNBC Awaaz. The stock is currently trading at Rs 154.40, up 2.7% on the BSE.

12:56 PM - Hold IVRCL with strict stop loss of Rs 97-98, says Kiran Jadhav, technical analyst on NDTV Profit. It has two resistance levels at Rs 100 and Rs 124, he adds. The stock is currently trading at Rs 102.80, down 4.5% on the BSE.

12:49 PM - Goldman Sachs maintains a buy call on NTPC with target of Rs 208, reports CNBC Awaaz. It will show an upside of 16% soon, it adds. The stock is currently trading at Rs 178.65, down 0.6% on the BSE.

12:42 PM - Buy Axis Bank only when it reaches levels of Rs 355-362, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 408.50, up 0.1% on the BSE.

12:35 PM - Sell Punj Lloyd with target of Rs 60, says Kiran Jadhav, technical analyst on NDTV Profit. It has resistance between Rs 108-116, he adds. The stock is currently trading at Rs 96.95, down 3.8% on the BSE.

12:28 PM - Hold Reliance Industries with strict stop loss of Rs 995, says Kiran Jadhav, technical analyst, on NDTV Profit. It has good support at Rs 1055 and resistance at Rs 1330, he adds. The stock is currently trading at Rs 1122, up 0.2% on the BSE.

12:22 PM - Book your losses and exit from Ruchi Soya, says Kiran Jadhav, technical analyst, on NDTV Profit. It has support at Rs 15 after which it could even go down to Rs 5, he adds. There is resistance at Rs 25, he says. The stock is currently trading at Rs 19.15, down 3.8% on the BSE.

12:14 PM - The market at noon is still holding up with both Sensex and Nifty showing marginal gains. Sensex is trading at 8835, up 54 points from its previous close, and Nifty is at 2717, up 11 points. CNX Midcap index is down 1% and BSE Smallcap index is down 0.8%. The market breadth is negative with advances at 376 against declines of 718 on the NSE.

12:07 PM - The inflation figure for week ended January 10 has been declared at 5.6% versus the earlier figure of 5.24%, reports NDTV Profit.

12:03 PM - Buy Axis Bank only when it reaches levels of Rs 355-362, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 413.50, up 1.4% on the BSE.

11:55 AM - Exit at first chance from Maytas Infra, say Ashish Kapur of Invest Shoppe, on NDTV Profit. There is too much of uncertainty surrounding this company, he adds. The stock is currently trading at Rs 95.40, down 5% on the BSE.

11:48 AM - Do not buy Educomp Solutions now, says Ashwani Gujral, technical analyst, on CNBC Awaaz. If it does not sustain the Rs 1500 level, then it will go down to Rs 1200, he adds. It is a very volatile stock, he says. The stock is currently trading at Rs 1605.10, up 4.6% on the BSE.

11:41 AM - Sell ICICI Bank on rally, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has support at Rs 306 and Rs 283 and two resistance levels of Rs 380 and 388, he adds. The stock is currently trading at Rs 377.50, up 2.3% on the BSE.

11:34 AM - Buy GVK Power when it reaches Rs 15, says MB Singh, technical analyst, on Zee Business. Hold for 12-18 months, he adds. The stock is currently trading at Rs 19.95, up 0.3% on the BSE.

11:27 AM - Sell Maruti Suzuki at Rs 539 with target of Rs 524, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 550, she adds. The stock is currently trading at Rs 537, down 0.7% on the BSE.

11:20 AM - Exit YES Bank on bounce, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has resistance at Rs 72-75, he adds. The stock is currently trading at Rs 69.55, up 2.1% on the BSE.

11:13 AM - Hold IDBI Bank which has major resistance at Rs 80-82, says market expert on Zee Business. Exit at Rs 75-80, he adds. The stock is currently trading at Rs 56.35, up 0.3% on the BSE.

11:06 AM - An hour after opening, the broader market is not looking very healthy although the index is up. Sensex is trading at 8859, up 80 points from its previous close, and Nifty is at 2722, up 16 points. CNX Midcap index is down 0.5% and BSE Smallcap index is down 0.04%. The market breadth is negative with advances at 444 against declines of 562 on the NSE.

11:00 AM - Hold JP Associates with stop loss of Rs 61, says market expert on Zee Business. It has major resistance at Rs 72 after which it can go up to Rs 85, he adds. The stock is currently trading at Rs 66.60, up 2.2% on the BSE.

10:53 AM - Buy RPL at Rs 65-75, says MB Singh, technical analyst, on Zee Business. Hold for one year, he adds. The stock is currently trading at Rs 78.65, up 0.6% on the BSE.

10:46 AM - Sell ICICI Bank at Rs 369 with target of Rs 351, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 380, she adds. The stock is currently trading at Rs 379.15, up 2.8% on the BSE.

10:40 AM - Sell HCL Technologies on rally, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has major resistance at Rs 130-145, he adds. The stock is currently trading at Rs 117.10, up 2% on the BSE.

10:33 AM - Exit from Educomp Solutions with trailing stop loss of Rs 1625-1680, says market expert on Zee Business. Buy again at Rs 1389, he adds. The stock is currently trading at Rs 1609, up 4.8% on the BSE.

10:26 AM - Sell Sterlite Industries on rally, says Sudhanshu Pandey, technical analyst with LKP Shares, on CNBC Awaaz. It has two resistance levels of Rs 246 and 254, he adds. The stock is currently trading at Rs 244.30, up 3% on the BSE.

10:19 AM - Buy Polaris with target of Rs 65, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 40, he adds. The stock is currently trading at Rs 44.80, up 3% on the BSE.

10:12 AM - The important level for Nifty today will be 2675, says Rahul Mohindar, technical analyst, on CNBC Awaaz. If this level is broken then it will go down by 100 points, he adds.

10:05 AM - The market gets off to a positive start today. Sensex is trading at 8893, up 117 points from its previous close, and Nifty is at 2734, up 30 points. CNX Midcap index is down 1.3% and BSE Smallcap index is up 0.5%.

10:00 AM - Hold Reliance Capital with stop loss of Rs 370-375, says stock market expert on Zee Business. Keep targets of Rs 415 and Rs 450, he adds. The stock is at Rs 394.20, down 5.5% on the BSE.

9:52 AM - Bharti Airtel has announced its third quarter numbers, reports CNBC TV18. The company's Q3 net profit jumped 15.26% at Rs 1976.4 crore versus Rs 1,714.66 crore, QoQ (Indian GAAP), it adds. Its consolidated revenues were up by 8.34% at Rs 9,667.4 crore versus Rs 8,923.6 crore, QoQ (Indian GAAP), it says.

9:45 AM - Nifty will see two support levels of 2630 and 2690 and resistance between 2550-2800, says Anil Maghnani, technical analyst, on CNBC TV18. He advises going short on rallies.

9:38 AM - Market will have a gap-up opening today, says Siddharth Bhamre of Angel Broking, on CNBC TV18. He sees resistance for Nifty at 2800-2850. Advises intra-day traders to go short on any buys.

CID sources said Raju told interrogators funds were diverted during the past four to five years. This means Raju's Jan 7 statement that he inflated company accounts was a red herring.


Disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju has confessed that he diverted funds of the IT company to the two real estate firms promoted by his family, state police sources said here Wednesday.

Raju, who was grilled Wednesday for the fourth day by officials of Criminal Investigation Department (CID) of Andhra Pradesh police, also reportedly admitted using the Satyam money to buy prime land in and around Hyderabad.

CID sources said Raju told interrogators funds were diverted during the past four to five years. This means Raju's Jan 7 statement that he inflated company accounts was a red herring.

While resigning as company chairman, Raju had admitted to a Rs.70 billion (Rs.7,000 crore/$1.43 billion) accounting fraud, saying the company had cooked its books over several years resulting in inflated (non-existent) cash and bank balances.

He reiterated this during CID interrogation soon after his arrest Jan 9. But investigations have now revealed that a big chunk of this money existed but was diverted to other firms.

CID, which took Raju, his brother and former managing director B. Rama Raju and former chief financial officer Vadlamani Srinivas in custody for four days following a court order, grilled the former Satyam boss on the basis of his confession.

After prolonged interrogation, Raju finally admitted to diverting Satyam funds to his family firms - Maytas Properties and Maytas Infra. He told CID sleuths that this was going on since 2004.

Raju not only diverted funds out of Satyam but is also believed to have misled company auditors PricewaterhouseCoopers (PwC) by submitting fake bank documents. CID and some regulatory agencies have already seized some documents from PwC.

Raju also reportedly swindled money through 6,000 fake salary accounts for last few years. Sources said he had created these accounts in four banks to divert the funds from fixed deposits. Some of these funds were flowed through his accounts in foreign banks.

The company's claims that it had 53,000 employees came under scrutiny after Raju's Jan 7 confession. The government-appointed board is also trying to ascertain these figures.

With Raju confessing to diversion of funds, the Serious Fraud Investigation Office (SFIO) and Registrar of Companies (RoC) are now trying to trace a Mauritius-based company used for channelising the money to Maytas.

The central government has already asked SFIO to extend the ambit of investigations of Satyam fraud to cover both Maytas Properties and Maytas Infra. A team of SFIO is checking the accounts and records of the two firms.

However, both the firms have denied that they received any funds from Satyam.

Source :- http://deccanherald.com/DeccanHerald.com/Content/Jan212009/national20090121113803.asp?section=updatenews

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.