Nifty struggles below 8250; ONGC, 

India losers BHEL, Tata Motors, ITC, Maruti and Bajaj Auto are top gainers while Dr Reddy's, ONGC, Coal India, NTPC and are losers in the Sensex  may be witnessing selling from foreign institutional investors, but domestic institutional investors will continue to remain strong, says Hemant Kanawala, Head of Equity at Kotak Mahindra Life Insurance. So he expects no downside to the markets. Due to lack of any major triggers other than the Budget in the near-future, he does not see an upside to the market as well. Nifty, he feels, may continue range bound around 8,000 level. 

Although the GDP numbers may come out in late February, the impact will become apparent sooner as companies come out with their earnings, says Kanawala.  Valuation in the information technology sector is favourable but challenges in terms of earnings and uncertainty on Trump’s policies make them good picks only on bad days, says Nischal Maheshwari, Head - Institutional Equities at Edelweiss Securities. Maheshwari, however, feels risks in the pharmaceuticals sector may not be fully priced in. Most large cap companies have significantly scaled up businesses and are now struggling on compliance issues with US Food and Drug Administration, which could be a long-drawn pain, he says. He expects decent corporate earnings growth this quarter. Topline growth of around 9 percent is likely to be driven by metals and PSU banks, largely due to base effect more than return in growth, he says. Don't miss: Buy, sell, hold: 11 stocks that analysts are watching out today The market is still in red with the Sensex down 16.35 points at 26742.88.

 The Nifty is down 3.80 points at 8240. About 1486 shares have advanced, 1074 shares declined, and 400 shares are unchanged. BHEL, Tata Motors, ITC,  Maruti and Bajaj Auto are top gainers while Dr Reddy's, ONGC, Coal India, NTPC and M&M are losers in the Sensex. Investors are looking beyond the demonetisation impact now. There may be a lot of volatility and a hightened level of sensitivity, but in the long-term, the foreign institutional investors continue to remain positve on India, says the Chief Executive Officer of Deutsche Bank India, Ravneet Gill. Developed markets may no longer continue to outperform the emerging markets, says Gill. The rupee too, continues to perform better than other emerging market currencies, he adds. Current fiscal may see a Gross Domestic Product less than the pre-demonetisation estimates of 7.1 percent, says Pratik Gupta, Head, Equities of Deutsche Bank India who is expecting a strong recovery. The GDP is expected to grow 7.5 percent in financial year 2018.

Read more for Best Stock Tips - http://www.aceinvestmentadvisory.com