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The 30-share index BSE Sensex continued to trade in the downbeat manner with the index dropping 57 points at 18,989.

In the meantime, the broad-based Nifty declined 16 points to trade at 5,695.

The broader markets remained in the positive terrain, with the midcap surging 0.6% and smallcap appending 0.8%.

Among the sectoral indices, the Oil & Gas index surged 1% accompanied by Consumer Durables, Automobile and PSU.

IT, Metal, FMCG and Health Care dropped 0.2% - 1%.

Reliance Communications surged around 2%.

Technical analyst Anil Manghnani of Modern Shares and Stockbrokers maintained 'buy' rating on UCO Bank stock with targets of Rs 115 and 119.

According to analyst, the stock can be purchased with a stop loss of Rs 102.

The stock of the bank, on January 20, closed at Rs 108.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 152.35 and a low of Rs 54.10 on BSE.

Debutante director Kiran Rao's "Dhobi Ghat", which released today, is a personal homage to Mumbai, her dream city.

Dhobi Ghat brilliantly shows all the aspects of Mumbai that has thus far stayed untold.

The busy traffic, the lively street life, the quick life of people, and the grave and driving rains plays an important role in the flick.

The film's title has been inspired from a well-known place in Mumbai known as Dhobi Ghat.

The flick features Aamir Khan together with three newbies including Monica Dogra, Kriti Malhotra and Prateik Babbar.

Technical analyst Anil Singhvi has maintained 'buy' rating on Development Credit Bank (DCB) stock to achieve an intraday target of Rs 55.

According to analyst, the investors can purchase the stock with a stop loss of Rs 50.

The stock of the bank, on January 20, closed at Rs 51.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 76.70 and a low of Rs 27.50 on BSE.

Current EPS & P/E ratio stood at 0.09 and 580.46 respectively.

Technical analyst Somil Mehta of Sharekhan has maintained 'buy' rating on Larsen & Toubro Limited stock with a medium target of Rs 1770.

According to analyst, the investors can buy the stock with a stop loss of Rs 1600.

Today, the stock of the company opened at Rs 1666 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2212 and a low of Rs 1395.50 on BSE.

Current EPS & P/E ratio stood at 57.63 and 28.70 respectively.

Technical analyst Salil Sharma has maintained 'buy' rating on Arvind Limited stock with a target of Rs 65.

According to analyst, the investors can purchase the stock with a stop loss of Rs 56.

The stock of the company, on January 20, closed at Rs 59.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.50 and a low of Rs 30.35 on BSE.

Current EPS & P/E ratio stood at 3.19 and 19.49 respectively.

For the three month period ended September 2010, Arvind recorded a phenomenal growth in its standalone net profit.