Sudarshan Sukhani of s2analytics. com stated that the stock of 'United Spirits Limited' (USL) may decline to Rs 450.

The 30-share index BSE Sensex closed below 17,000 on May 04, after the Indian currency dropped further versus the US currency and proposes to appraise tax pact with Mauritius dulled investor outlook, on selling force in banking institutions and index heavyweights.

Banks saw huge selling strain after Macquarie in a report stated that the central banking institution (RBI) directives to meet up Basel III rules could result in an equity dilution in banks of about $30-35 billion by the next five years.

Technical analyst Prakash Gaba said that the stock of Oil India is feeble and slumping.

There is no indication of strength as yet, he added.

But, the risk reward proportion is positive for capitalists.

Mr. Gaba said that there is a possibility that it can reach 465 levels.

"But I must say there is no sign of strength. Investors may have a stop below 450. It is a good level for Oil India to bounce back," he added.

Indian Stock Markets have started the year 2012 on a positive note and investors have already noticed between 10-20% increase in their wealth as most stocks have offered good returns in January and February.

Driven by higher domestic demand and higher consumption in the local market, Indian markets are among the most optimistic compared to other emerging economies. The consumer confidence index has increased to 122 in Nielsen report.

After six weeks on gains, technical experts are expecting the stock markets to see some pressure. Going stock specific, there are many stocks, which have gone much higher in terms of valuations and are trading above the comfort zone.

India’s union civil aviation ministry will soon prepare a note that proposes to allow up to 49 per cent investment by international carriers in local airlines.

The move is to bring some relief to the Indian aviation firms that are struggling with low liquidity. The aviations firms in the country are struggling with high jet fuel costs and mounting losses.

ACC Limited is India's foremost cement manufacturer with a countrywide network of factories and marketing offices. Established in 1936, ACC has been a pioneer and trend-setter in cement and concrete technology. Among the first companies in India to include commitment to environment protection as a corporate objective, ACC has won accolades for environment friendly measures taken at its plants and mines, and has also been felicitated for its acts of good corporate citizenship. ACC is the most preferred cement brand name in India. ACC is now part of the worldwide Holcim Group.

Company belongs to Bajaj group, which is amongst the top 10 business houses in India. Group has presence over a wide range of industries, spanning automobiles, home appliances, lighting, iron and steel, insurance, travel and finance. Group’s flagship company, Bajaj Auto, is ranked as the world’s fourth largest two and three wheeler manufacturer and the Bajaj brand is well known in over a dozen countries in Europe, Latin America, the US and Asia. Company was incorporated on the 29th of November in the name of "Bachraj Trading Corporation, Ltd on 1945. On 24th August 1960 the name of the company changed to Bajaj Auto Ltd.

Aluminium yesterday traded with the negative node and settled -0.8% down at 111.85 after the preliminary HSBC data shows that the PMI in manufacturing sector during May slipped to a 10-month low, triggering investor concerns over China’s economic growth. Fitch Ratings cut Greece's credit rating by three levels to B+, four levels below investment grade, from BB+, and S&P’s downgraded its outlook for Italy’s credit rating from stable to negative, both weighing down the euro and boosting the US dollar index. The US dollar index opened at 75.76 and closed at 75.69, down 0.92%. Weak economic data and stronger US dollar drove LME aluminum prices down.

Technical analyst Rajesh Satpute has maintained 'buy' rating on Hindustan Zinc Limited stock with a target of Rs 138.

According to analyst, the investors can buy the stock with a stop loss of Rs 126.

The stock of the company, on May 05, closed at Rs 132.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 155.25 and a low of Rs 92.40 on BSE.

Current EPS & P/E ratio stood at 11.65 and 11.14 respectively.

Technical analyst Prabir Kumar Sarkar of SPA Securities has maintained 'buy' rating on Uflex Limited stock with targets of Rs 192 and 196.

According to analyst, the investors can buy the stock with a stop loss of Rs 184.80.

The stock of the company, on May 04, closed at Rs 186.15 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 96.34 and 1.96 respectively.

The share price has seen a 52-week high of Rs 325 and a low of Rs 108.80 on BSE.

Technical analyst Rohan Mehta has maintained 'hold' rating on NHPC Limited stock with a stop loss of Rs 22 in the short-to-medium term.

The stock of the company, on May 05, closed at Rs 24.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 33.40 and a low of Rs 22.75 on BSE.

NHPC Ltd aims to produce more than 18.6 billion kilowatt hour (bkwh) of power in the existing fiscal year to March 2012, based on prospects of normal monsoon rains.

Technical analyst Anil Manghnani of Modern Shares and Stockbrokers has maintained 'buy' rating on HCL Technologies Limited stock to attain a target of Rs 509.

According to analyst, the stock can be purchased with a stop loss of Rs 475.

The stock of the company, May 05, closed at Rs 496.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 528.40 and a low of Rs 354.20 on BSE.

Current EPS & P/E ratio stood at 15.51 and 32.18 respectively.

Technical analyst Ashwani Gujral has maintained 'hold' rating on Bharat Petroleum Corporation Limited (BPCL) stock with a target of Rs 700.

According to analyst, the investors can hold the stock with a stop loss of Rs 630.

The stock of the company, on May 04, closed at Rs 654.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 814.90 and a low of Rs 512 on BSE.

Current EPS & P/E ratio stood at 36.36 and 17.80 respectively.

Technical analyst Sandeep Jain of Tradeswift Broking has maintained 'hold' rating on Reliance Industries Limited (RIL) stock with a target of Rs 1050-1100.

According to analyst, the interested investors can buy more scrips at Rs 940.

The stock of the company, on May 04, closed at Rs 55.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1187 and a low of Rs 901.45 on BSE.

Current EPS & P/E ratio stood at 61.73 and 15.40 respectively.

Technical analyst Rahul Mohinder has maintained 'hold' rating on State Bank of India (SBI) Limited stock with a target of Rs 2680.

According to analyst, the investors can buy the stock with a stop loss of Rs 2588.

The stock of the bank, on May 04, closed at Rs 2617.35 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 159.20 and 16.37 respectively.

The share price has seen a 52-week high of Rs 3515 and a low of Rs 2165 on BSE.

Technical analyst Simi Bhaumik has maintained 'hold' rating on Ranbaxy Laboratories Limited stock with a short term target of Rs 123-125.

According to analyst, the investors can buy the stock with a stop loss of Rs 100.

The stock of the bank, on May 04, closed at Rs 108.20 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 13.97 and 7.79 respectively.

The share price has seen a 52-week high of Rs 207.16 and a low of Rs 99.50 on BSE.

Technical analyst Simi Bhaumik has maintained 'buy' rating on Man Industries (India) Limited stock to attain a short-term target of Rs 105-110.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 86.

The stock of the company, on May 04, closed at Rs 93.30 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 18.89 and 5.10 respectively.

The share price has seen a 52-week high of Rs 109.90 and a low of Rs 55.10 on BSE.

Technical analyst Sanjeev Bhasin has maintained 'hold' rating on Bharti Airtel stock with a target of Rs 350.

According to analyst, the said target can be attained within a period of six months.

The stock of the company, on May 04, closed at Rs 309.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 380.80 and a low of Rs 289.75 on BSE.

Current EPS & P/E ratio stood at 11.63 and 26.29 respectively.

Technical analyst Prakash Gaba has maintained 'hold' rating on Indian Oil Corporation Limited stock with a target of Rs 380-390.

According to analyst, the investors can hold the stock with a stop loss of Rs 335.

The stock of the company, on May 03, closed at Rs 341.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 458.90 and a low of Rs 298 on BSE.

Current EPS & P/E ratio stood at 37.47 and 9.31 respectively.

Technical analyst Rajat Bose has maintained 'hold' rating on TVS Motor Company Limited stock with a medium-to-long term view.

According to analyst, the investors can buy the stock with a strict stop loss of Rs 49.

The stock of the company, on May 03, closed at Rs 55.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 87.45 and a low of Rs 44.90 on BSE.

Current EPS & P/E ratio stood at 4.06 and 13.04 respectively.