Sensex, Nifty maintain momentum;
Bharti, Sun Pharma drag Tata Motors, Tata Steel, GAIL, Asian Paints and BHEL are top gainers while Axis Bank, Hero MotoCorp, Bahrti, Sun Pharma and Dr Reddy's are losers in the Sensex Direct tax compliance has been slowly rising in the country. With this gradual increase, the government is likely to provide income tax rebates, says S Naren, Chief Investment Officer of ICICI Prudential AMC. Market inflows in January 2017 has been much better compared to December 2016, says Nimesh Shah, Managing Directot and Chief Executive Officer at ICICI Prudential AMC.
The market, although, has seen stable inflows since May 2014. He says flows will continue to remain stable in the domestic market. Naren likes the telecom space due to the current valuations for long-term. He also likes power industry, where he expects a 5-7 percent increase in power consumption in India every year. Earnings: Private sector lender IndusInd Bank 's third quarter (October-December) profit is seen rising 24 percent year-on-year to Rs 720.5 crore, according to average of estimates of analysts polled
Net interest income, the difference between interest earned and interest expended, is expected to increase 28.1 percent to Rs 1,502.6 crore in Q3FY17 compared with Rs 1,173 crore in same quarter last year. Key things to watch out for would be loan growth, net interest margin, non-performing assets and credit cost. Private sector lender IndusInd Bank 's third quarter (October-December) profit is seen rising 24 percent year-on-year to Rs 720.5 crore, according to average of estimates of analysts polled by Net interest income, the difference between interest earned and interest expended, is expected to increase 28.1 percent to Rs 1,502.6 crore in Q3FY17 compared with Rs 1,173 crore in same quarter last year. Key things to watch out for would be loan growth, net interest margin, non-performing assets and credit cost.
The market is still gaining with the Sensex up 101.77 points or 0.4 percent at 26828.32. The Nifty is up 27.75 points or 0.3 percent at 8263.80. About 1471 shares have advanced, 818 shares declined, and 367 shares are unchanged. Tata Motors, Tata Steel, GAIL, Asian Paints and BHEL are top gainers while Axis Bank, Hero MotoCorp, Bahrti, Sun Pharma and Dr Reddy's are losers in the Sensex. Domestic passenger vehicle sales declined by 1.36 per cent to 2,27,824 units in December 2016, from 2,30,959 units in the same month a year ago. Domestic car sales were down 8.14 per cent at 1,58,617 units last month as against 1,72,671 units in December 2015, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Vehicle sales across categories registered a decline of 18.66 percent at 12,21,929 units, from 15,02,314 units in December 2015, it addedsun-pharma
Read more for HNI Stock Tips-http://www.aceinvestmentadvisory.com
Bharti, Sun Pharma drag Tata Motors, Tata Steel, GAIL, Asian Paints and BHEL are top gainers while Axis Bank, Hero MotoCorp, Bahrti, Sun Pharma and Dr Reddy's are losers in the Sensex Direct tax compliance has been slowly rising in the country. With this gradual increase, the government is likely to provide income tax rebates, says S Naren, Chief Investment Officer of ICICI Prudential AMC. Market inflows in January 2017 has been much better compared to December 2016, says Nimesh Shah, Managing Directot and Chief Executive Officer at ICICI Prudential AMC.
The market, although, has seen stable inflows since May 2014. He says flows will continue to remain stable in the domestic market. Naren likes the telecom space due to the current valuations for long-term. He also likes power industry, where he expects a 5-7 percent increase in power consumption in India every year. Earnings: Private sector lender IndusInd Bank 's third quarter (October-December) profit is seen rising 24 percent year-on-year to Rs 720.5 crore, according to average of estimates of analysts polled
Net interest income, the difference between interest earned and interest expended, is expected to increase 28.1 percent to Rs 1,502.6 crore in Q3FY17 compared with Rs 1,173 crore in same quarter last year. Key things to watch out for would be loan growth, net interest margin, non-performing assets and credit cost. Private sector lender IndusInd Bank 's third quarter (October-December) profit is seen rising 24 percent year-on-year to Rs 720.5 crore, according to average of estimates of analysts polled by Net interest income, the difference between interest earned and interest expended, is expected to increase 28.1 percent to Rs 1,502.6 crore in Q3FY17 compared with Rs 1,173 crore in same quarter last year. Key things to watch out for would be loan growth, net interest margin, non-performing assets and credit cost.
The market is still gaining with the Sensex up 101.77 points or 0.4 percent at 26828.32. The Nifty is up 27.75 points or 0.3 percent at 8263.80. About 1471 shares have advanced, 818 shares declined, and 367 shares are unchanged. Tata Motors, Tata Steel, GAIL, Asian Paints and BHEL are top gainers while Axis Bank, Hero MotoCorp, Bahrti, Sun Pharma and Dr Reddy's are losers in the Sensex. Domestic passenger vehicle sales declined by 1.36 per cent to 2,27,824 units in December 2016, from 2,30,959 units in the same month a year ago. Domestic car sales were down 8.14 per cent at 1,58,617 units last month as against 1,72,671 units in December 2015, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Vehicle sales across categories registered a decline of 18.66 percent at 12,21,929 units, from 15,02,314 units in December 2015, it addedsun-pharma
Read more for HNI Stock Tips-http://www.aceinvestmentadvisory.com
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