After five successive days of gains, the market ended on a negative note on Tuesday with investors switching over to the selling mode in late afternoon trade, taking some profits in capital goods, metal, realty and power stocks.

Telecom stocks declined after Telecom Regulatory Authority of India said it is planning to plans to review its stance of not interfering in fixing of telecom tariffs. Automobile and information technology stocks too drifted lower, while oil, bank and consumer durables stocks had a reasonably good session. Midcap and smallcap stocks found some support early on in the session but failed to hold at higher levels.

Though Asian markets saw some buying and ended with a mixed bag on Tuesday, European markets drifted lower amid worries about the financial situation in Greece and its likely impact on the Eurozone economy.

A downward revision of India's GDP growth forecast for financial year 2012 too hurt sentiment and prompted investors to go in for some profit taking in afternoon trade.

The BSE benchmark Sensex, which rose to 17,832.04 around mid morning but faltered to 17,582.49 later on in the session, ended the day with a loss of 84.86 points or 0.48% at 17,622.45. The Nifty index of the National Stock Exchange settled at 5335.15, nearly 80 points off the day's high of 5413.35, recording a loss of 26.50 points or 0.49%. Send to friends

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3:20 PM: Sobha Developers (Rs 263) could see some weakness in the near term.

One with a long term view can use sharp declines to add small quantities. Send to friends

3:10 PM: Sell Tata Steel February Futures below Rs 461 with a 3-4 day target of Rs 430 and stop loss of Rs 472, says Shardul Kulkarni of Angel Broking on CNBC Awaaz. Send to friends

3:00 PM: Buy Pidilite Industries for the target prices of Rs 145/higher with a stop loss of Rs 132: ICICIDirect Send to friends

2:50 PM: Buy IDBI Bank (Rs 104) at current levels and add more at declines for medium to long term.

Short term investors can exit at rallies. Send to friends

2:40 PM: Mukherjee says expects upward revision to FY12 GDP growth estimate Send to friends

2:30 PM: Sell RCom February Futures below Rs 92.50 with a 3-4 day target of Rs 87 and stop loss of Rs 95.50, says Shardul Kulkarni of Angel Broking on CNBC Awaaz. Send to friends

2:20 PM: Buy Cipla (Rs 353) at declines in a staggered way for medium term.

The stock could give modest returns in the near term. Send to friends

2:10 PM: M&M says December-quarter net profit 6.62 bln rupees vs consensus forecast of 6.96 bln rupees Send to friends

2:00 PM: Buy Thomas Cook for the target prices of Rs 46/higher with a stop loss of Rs 39.50: ICICIDirect Send to friends

1:50 PM: Hold Biocon Feb futures above 283.50: ICICIDirect Send to friends

1:40 PM: One looking at short term can book some profits in Ultratech Cement (Rs 1375) at current levels.

Buy small quantities at declines for medium or long term. Send to friends

1:20 PM: Buy Bajaj Holdings with a 10-12 day target of Rs 775 and stop loss of Rs 645, says Rakesh Bansal, technical analyst, on CNBC Awaaz. Send to friends

1:10 PM: Buy Wipro for the target price of Rs 490.00: Firstcall Send to friends

1:00 PM: Despite some positive economic news now and then, doubts about global economic outlook remain due largely to the ongoing debt crisis in the eurozone.

The market has rallied sharply since the beginning of this year, driven largely by FII buying. A correction of sorts is due now, and hence, investors would do well to take some profits at current levels. Send to friends

12:50 PM: Buy Cairn India with a target of Rs 379 and stop loss of Rs 360, says AK Prabhakar of Anand Rathi Securities on Zee Business. Send to friends

12:40 PM: PM’s econ adviser Rangarajan says expects final FY12 GDP number to be slightly higher than 7 % Send to friends

12:30 PM: Hold Hindustan Unilever Feb Futures in the rng of 394-395: ICICIDirect Send to friends

12:20 PM: Hold Praj Industries (Rs 87) and add more at declines for long term.

Short term investors can book some profits at Rs 90-95 levels. Send to friends

12:10 PM: Buy PFC Feb Futures in the rng of 191-191.50: ICICIDirect Send to friends

12:00 PM: Buy Uflex with a target of Rs 150 and stop loss of Rs 135, says Nishu Agarwal of BMA Wealth Creators on CNBC Awaaz Send to friends

11:50 AM: Buy Bank of Baroda Feb Futures in the rng of 790-791: ICICIDirect Send to friends

11:40 AM: Buy Axis Bank and ICICI Bank at declines for medium term.

Though some weakness is likely in the near term, modest gains are not ruled out. Send to friends

11:30 AM: PSU oil stocks BPCL, HPCL and IOC look set for some upside in the near term.

One with a good appetite for risk can go in for some exposure at these counters. Send to friends

11:15 AM: Govt statement: India's gross domestic product (GDP) is estimated to grow an annual 6.9 percent in the 2011/12 fiscal year, a government statement said on Tuesday - Send to friends

11:10 AM: Sell Ranbaxy with a stop loss of Rs 452.5: ICICIDirect Send to friends

11:00 AM: Buy IRB Infra with a target of Rs 187 and stop loss of Rs 175, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Send to friends

10:45 AM: Reliance Industries (Rs 848) is up sharply following a rating upgrade of the stock by Goldman Sachs.

More gains are likely in the near term. Investors with a long term view can add small quantities at declines. Send to friends

10:30 AM: Sell GSPL with a stop loss of Rs 87.05: ICICIDirect Send to friends

10:20 AM: Buy Escorts for the target prices of Rs 84.40/85.4/Higher with a stop loss of Rs 81.6: ICICIDirect Send to friends

10:10 AM: Hold UCO Bank (Rs 74) for strong medium term gains.

Fresh buying can be considered at declines. Keep a stop loss near Rs 68 if looking at short term. Send to friends

10:00 AM: Sell Reliance Infrastructure between Rs 550-555 with a target of Rs 535 and stop loss above Rs 560, says Arunesh Madan of Augment Investment on CNBC TV18. Send to friends

9:50 AM: Buy Cairn India for the target prices of Rs 361/364/Higher with a stop loss of Rs 352: ICICIDirect Send to friends

9:25 AM: Amid cautious and slighlty listless trades, the market has edged higher in early trade this morning.

Pharma, metal, IT and automobile stocks are finding some support, while capital goods, FMCG and power stocks have opened on a subdued note.

The Sensex, which rose to 17,828.71, is now up 22.50 points or 0.14% at 17,729.81.

The Nifty is up 7.60 points or 0.14% at 5369.25. Send to friends

8:50 AM: The market is likely to open on a cautious note. Though profit taking after recent strong gains is likely, the downside is unlikely to be significantly pronounced, considering recent heavy buying by foreign institutional investors.

Though economic reports from the U.S. are quite encouraging, concerns about the financial situation in Greece and its likely impact on the European economy could hurt sentiment to an extent.

Mahindra & Mahindra, United Breweries, Triveni Engineering, Opto Circuits, Ballarpur Industries, Cadila Healthcare and GMR Infrastructure are among the companies that will announce their quarterly results today. Send to friends