Jindal Steel & Power will declare its Q1 results today. The analysts are expecting the company to register 17% growth in profit after tax. The company has recently announced the decision to by CIC Energy in an all cash deal. The stock is trading marginally higher after touching intraday high and low of Rs 420.7 and 412.7 on NSE.

As per analyst estimates, the company can see a jump of nearly 30 per cent in revenue and EBITDA growth of nearly 16 per cent.

Wipro declared Q1 results with 18 per cent increase in net profit year-on-year. The company reported net profit of Rs 1580 crore compared to Rs 1481 crore during the same quarter last year. The company has announced that it expects flat performance in second quarter.

Due to uncertain economic environment in Europe and United States, the company is not expecting much of improvement in margins or revenues from both markets.

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.

Indian government has another trouble now. The USD has been rising for past few days compared to Indian currency. Economy is also facing tough times and the estimates to growth have been lowered for Indian manufacturing sector.

Citigroup report counts four major deficits for India - fiscal, current account, liquidity and governance. UPA II is already under attack of opposition over the policies and rising inflation across the nation. With latest CitiGroup report, the troubles for government will increase only.

Moving ahead after quarterly outcomes, IT firms have showcased their viewpoint for the upcoming year.

The figures manifest passive spending by customers this quarterly period. This submissive spending fact in the quarterly period is not shocking as customers generally outset spending post February once the financial plan gets settled. Hence, the low spending incidences and automatically, the submissive growth in income in the first quarter are quite distinctive in nature.

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.

Research house Nirmal Bang has suggested buy call for Lupin with target price of Rs 633. Nirmal Bang has said in its research report dated 11, May 2012 that the results are in expectations.

The major issue was forex loss and the one-time tax on inventory sold to overseas subsidiaries of the company.

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.

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.