Brokerage House CLSA has given a buy call for Jain Irrigation. The company is into agriculture sector and offers irrigation solutions. There is an increase in demand for cost saving irrigation systems and Jain Irrigation is a pioneer in the sector in Indian market.

Brokerage house CLSA has given a target price of Rs 150 for Jain Irrigation. The analysts have expressed positive views about the reduction of debt for the company. With earnings upgrade, the current market price for the stock looks undervalued.

Technical House KRChoksey has suggested buy call for SBI. The stock is good for long term. SBI is pioneer in Indian banking Public sector. The stock has touched 52-week high and low of Rs 2657 and 1571 respectively.

SBI is trading currently with a P/E ratio of 16. Market expert Dilip Bhat has also suggested buy call for State Bank of India.

Pharmacetical major Cipla is good defensive bet at current levels, as per market experts at KR Choksey. The recently declared results of Cipla were as per market expectations. The net profit for Q4 was up by 36.5 per cent at Rs 292 crore compared to same quarter previous year.

BSE Sensex breached 16,000 level in today's trading session and closed at four month low. BSE Sensex closed 1.83 per cent lower at 16030. For BSE Sensex, 52-week low is 15,190 and if the economic troubles continue, market experts believe that we may see further lows for Indian market. In the past three months, the markets have declined 11.7 per cent.

Among sectors, Automobiles, Banking, Capital Goods, Consumer Durables and Metals were major losers. All sectoral indices closed in the red.

KRChoksey has suggested buy call for IRB Infrastructure with a target price of Rs 188. In a research report released on 10 May, 2012, KRChoksey has suggested lower price target of Rs 188 compared to earlier target of Rs 221.

IRB Infrastructure Developers stock is currently trading at Rs 112. The stock recovered from today's low of Rs 104 to end the day at Rs 112. IRB Infrastructure Developers has touched a 52-week low of Rs 100. With a market capital of Rs 3735 crore and P/E ratio of 22.5, the stock is little expensive compared to peers in infrastructure sector.

Sudarshan Sukhani of s2analytics.com has expressed concerns over weakness in Reliance Industries stock. He said that the bluechip company controlled by Mukesh Ambani is already hovering around its 52-week lows. He does not expect the company to see a quick recovery from current lows.

Indian stock markets ended the day lower with Automobile, Banking and Energy stocks facing selling pressure. Among gainers were select stocks in Capital Goods, Consumer Durables and Healthcare sectors.

Among top gainers were Ranbaxy Labs, Asian Paints, BPCL and Larsen. Among major losers were Bank of Baroda, PNB and SAIL. PNB also touched 52-week low in today's trading session.

Financial experts consider this as a risky situation. There are many stock market listed companies in India with high percentage of promoter holding under pledge.

Infrastructure major Jaypee Infra has 83% promoter holding out of which, 61% has been pledged. Essar Shipping has 83% promoter holding out of which 96% has been pledged.

Among other companies with higher percentage of promoter holding pledged are Fortis Healthcare (71%), Jaiprakash Power (75%), Wockhardt (100%), Thomas Cook (100%) and Gokaldas Export (100%).

After falling over 800 points in three sessions, the Sensex is reported to have risen 272.60 points today, ending over the major 17,000 level, as the NSE benchmark went up 88 points regaining the 5,150 mark.

Also, the increase came owing to the Fed's decision to maintain interest rates at a record near zero level to `kick start' the American economy. Hence, Fed's move came about, during the relief rally on the Dow, which surged 429 points, and is the tenth biggest point's gain ever to occur overnight.

According to reports, the fall in the US government debt led to Indian shares declining in open trade, as the barometer index BSE Sensex and the 50-unit S&P CNX Nifty had their lowest level in almost 14 months.

Aiming to revamp their assets, GTL Ltd and GTL infrastructure Ltd planned to sell their assets and with this news, the shares of both the companies rose.

GTL Ltd traded at Rs. 70, which means that its shares were up by Rs. 0.70 or 1% as compared to the previous close. With this, it touched the day’s highest value of Rs. 71 and the lowest at Rs. 69.

At the same time, the shares of GTL Infrastructure Ltd also rose by 0.78%. They were found trading at Rs. 14, which means they gained of Rs. 0.11. The volume of overall traded quantity has been stated as 1.28 lakhs shares on the BSE.

A report compiled by the Morgan Stanley has estimated that India’s GDP growth may be observed to roll down to 7.2% from 7.7%, a noticeable deviation against government's forecast of 8.2%. Simultaneously, Sensex at the Bombay Stock Exchange was observed 17952.34, 157.55 points or 0.87% down whereas the 30-share index touched intraday low of 17859.50 and high of 17986.47.

According to reports, KRChoksey recommended hold rating on Ambuja Cements aiming at Rs 140, on the 28th of July 2011, as Ambuja Cement Ltd net revenues was at Rs 2173.3 crore, an increase of 6.1% year on year from Rs 2047 crore in the second quarter of 2010 as well as a rise of 1.5% on a quarterly basis.

Also, the dispatch for the quarter was 5.29 mn tonnes from 5.41 mn tonnes the previous year, which was a fall by 2.2% year on year and a drop of 6.8% on quarterly basis.

Some sources revealed that having been in the negative so far in today's buy and sell meeting, the bazaar sustained to make bigger losses because the BSE Sensex was recorded with a decline of 236 points, while the S&P CNX Nifty also fell by 71 points.

Meanwhile, Asian market catalogs also suffered heavy losses, as the Hang Seng index, the Shanghai Composite index and the Nikkei index, recorded shack of 1%.

On the other hand, in the Indian markets some of the biggest losses were recorded, as a result of which, the global shareholders became concerned about the slowdown of the economic growth.

The Bombay Stock Exchange showed HDFC bank at a growth by 33.7% in the revenue amounting to Rs 1,085 crore, in the first three months of the financial year up to June 2011. The total profit earned by June 2010, amounted to Rs 811 crore.

The income generated by the bank by the end of June 2011, increased to an amount of Rs 7,098 crore, which was 5,410 crore in the same period last year, an increase of 31.2%. The balance sheet of this year grew by 22.6%, amounting to Rs 2, 85,942 crore at the end of June.

The shares of smartphone maker, HTC crashed in the Taiwanese market after the U. S. International Trade Commission said in an initial ruling that the company had violated two patents belonging to Apple.

HTC’s shares were trading 4.1 percent down at NT$870. The shares had earlier dropped to NT$848, the lowest since January 14 and the company’s shares have fallen 11 percent since Apple filed its second complaint on July 11.

According to reports, Sensex after surging up during early sessions, experienced a fall in auto and metal stocks, as the index dropped to 18,513 and currently traded at 18,565 as well as going down with 53 points from previous close.

Also, European bourses continued to weaken ahead of the release of European bank stress tests results, as CAC and DAX are reported to trade 0.5% down each, as each of the markets in Switzerland and Stockholm dropped b y 1%.

The Tata Consultancy Services’ share prices increased by 3% at the index on Friday with the increase in the share prices of certain Information Technology (IT) companies, which were predicted to underperform. However, the share prices at the Bombay Stock Exchange were marked by an overall fall by 2.2%.

Post-opening at 18,776, the BSE Sensex reached many different levels during the entire day. Earlier, the figure touched a day's high of 19,045 and even a day's low of 18,767 but at 3.05 p. m. (IST), the BSE Sensex showed the maximum up thereby reaching to the figure of 19,041 i. e. 314 points, up from its last close, reason behind being the constant buying binge in the index heavyweights.

According to the reports, the constancy has further lifted the main Indian equity benchmarks past key psychological levels in mid-afternoon trade. Also, the reports showed that the BSE Sensex easily crossed the 19,000 milestone whereas the NSE Nifty surpassed the 5,700 mark.

The BSE and Nifty index remained more flat today rather than being exciting, nifty and BSE rather showed a downward trends today. In the opening session, BSE sensex was down by 0.1 % at 18725.56 and nifty lost 0.2% at 5262.

The stats remained almost same throughout the day with only minor fluctuations in downwards directions with Sensex shedding 38 points at 18706 and nifty down by 14 points at 5168 at the end of the day.

BSE small cap showed the upward trend and moved by quarter of percent 11 points whereas mid cap fell down to 6955.

The Indian rupee has just reached a two-month high this Wednesday, as it hit 44.3825/3850 per dollar at 11:42am. This has been its highest since May 3 when it reached 44.3350. It seems the Indian economy is seeing better days, and has edged 0.1% higher, even during difficult trading times.

The Asian market is also seeing some promising stats, as most Asian currencies were stronger than the US dollar.

"USD/INR is gaining on the back of strong portfolio inflows", said Ashutosh Raina, Head of forex trading at HDFC Bank.