Sensex, Nifty end lower; banks & IT drag, metals gain

Hindalco, BHEL, GAIL, Cipla and Lupin are top gainers while ICICI Bank, Ports, Bharti Airtel and ITC are losers in the Sensex 43.90 points or 0.6 percent at 7805.90. About 1291 shares have advanced, 1313 shares declined, and 115 shares are unchanged. GAIL, Hindalco, BHEL, Maruti and Hero MotoCorp were gainers while ICICI Bank, Bharti Airtel, Adani Ports and SBI were losers in the Sensex.The pace of earnings downgrades in emerging markets has slowed down, say  Co-CEO and Head - Institutional Equities, IDFC Securities. 

 Damania said he expects inflows from both overseas and local retail investors to continue, something that he said would support stocks.

He also discussed many stock and sector strategies, saying his top picks were Infosys   Motor is likely to jump 18 percent to Rs 107 crore in January-March quarter from Rs 90.5 crore in corresponding quarter last fiscal. According to a poll, the two-wheeler manufacturer may see 12 percent revenue growth at Rs 2743.1 crore in Q4FY16 against Rs 2456.8 crore year-on-year.

During the period, EBITDA may rise 29 percent at Rs 193 crore compared to Rs 150 crore in year-ago period. Operating profit margin may also rise 7.1 percent from 6.1 percent year-on-year.Indian-origin  has confirmed that it will be submitting its bid for Tata Steel's loss-making

 UK businesses by tomorrow, according to a media report.The commodities trading firm, which emerged as an early front-runner for Wales-based Port Talbot steelworks, had said last week that its team was evaluating the bid."We can confirm that Liberty will submit a letter of intent to Tata Steel  and has put in place a strong internal transaction team and panel of leading external advisers to take the bid forward," a Liberty House spokesperson was quoted as saying by 'The Financial Times'.

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

Sensex, Nifty maintain uptrend; BHEL, HUL, L&T up 1-4% 

  BHEL, HUL, Tata Steel, Adani Ports and L&T are top gainers while Bharti Airtel, NTPC, Dr Reddy's Labs, Bajaj Auto and GAIL are losers in the Sensex. India's economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi's ban on high-value notes hurt consumption and businesses but it is set to pick up this quarter, a Reuters poll found. Having posted growth of above 7 percent for six consecutive quarters, India's gross domestic product is expected to have expanded just 6.5 percent in the October-December quarter - the weakest in nearly three years. 

The poll also suggested growth would remain below 7 percent in the first quarter of 2017, at 6.9 percent. India's GDP for the fiscal year to March 2017 is expected to grow 6.9 percent, according to the poll of over 20 economists. That is higher than the International Monetary Fund's estimate of 6.6 percent. The business environment in the realty sector will rebound in three to six months after being hit hard by demonetisation, according to Sameer Baisiwala, Executive Director of financial services firm said realty prices had remained more intact in Tier-1 cities as compared to Tier-2 and Tier-3 cities. He said it would be advisable to stick to established names in the sector such . On the pharmaceutical industry, Baisiwala said that he is constructive on the sector, with valuations down 15-20 percent largely due to weakness in the US business, where the generic sector had not fared well and drugs worth USD 70-80 billion were set to go off-patent soon. Don't miss: Buy, sell, hold: 2 midcaps, 1 large cap to watch out today The market continues to maintain uptrend with the Nifty hovering aroud 8450. The 50-share index is up 44.25 points or 0.5 percent at 8442.25 while the Sensex is up 125.15 points or 0.5 percent at 27360.81. 

 BHEL, HUL, Tata Steel, Adani Ports and L&T are top gainers while Bharti Airtel, NTPC, Auto and GAIL are losers in the Sensex. Gold prices hovered below eight-week highs hit in the previous session as uncertainty over US President-elect Donald Trump's economic plans and his  on strong greenback caused the dollar to decline. In an article in the Wall Street Journal late Monday, Trump said the strength of the US dollar against China's yuan "is killing us". Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on  in a decisive speech that set a course for a clean break with the world's largest trading.

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

Panacea Biotec up 13% on US FDA nod for migraine drug 

US FDA gave a clearance to the company's drug which is used to treat symptoms due to migraine. | Shares of Panacea Biotec zoomed over 13 percent intraday on Wednesday as the company received the US drug regulator’s nod for a drug. The company got the US Food and Drug Administration’s (FDA) approval for Rizatripan Bonzoate tablet, which is used to treat symptoms due to migraine. The stock has seen a good upside, with an upward movement of over 16% in the last month. Late in December, the scrip had seen a 10% intraday jump on the back of a vaccine roll out which is used in primary immunisation and as a booster dose against diphtheria, tetanus, among others. Panacea Biotec was quoting at Rs 141.00, up Rs 15.30, or 12.17 percent, on the BSE. It touched an intraday high of Rs 143.60 and an intraday low of Rs 134.20.


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

GST may hike clean energy costs; power min pushes for exemption

Power ministry has sought `deemed export’ status for renewable energy projects to cushion GST’s inflationary impact on solar and wind power plant.Renewable energy tariffs could rise by up to 50 paise a unit under goods and services tax (GST), a concern that has prompted the power ministry to push for the sector to be kept out of the new tax system as an interim measure. In a presentation to the finance minister 

 GST Council on representatives from the power ministry said that the capital expenditure for the renewable energy sector could rise by 10-12 percent in the GST regime. Currently, there is no central excise duty on equipment used for solar and renewable power plants. States also charge a concessional value added tax (VAT) ranging from 0 to 5 percent. Besides, a central sales tax of two percent is levied on such equipment. GST will consolidate all these taxes into a single levy. The GST council has agreed on a four-slab structure –5, 12, 18 and 28 percent—along with a cess on luxury and `sin’ goods such as tobacco. A bureaucrats’ panel (of states and the Centre ) is working towards classifying the goods and services according to this slab structure. 

There is a possibility that renewable power equipment could attract a GST rate of 18 percent. “Any impact of taxes paid on procurements used in renewable energy sector would have a direct impact on cost of renewable energy,” the ministry of renewable energy said in a study “Implications of GST on delivered cost of renewable energy”. “Basis information available in the public domain on levy of GST, it appears that taxes on procurements for renewable energy sector would go up, which would lead to increase in cost of renewable energy (resulting in negative impact for the sector),” the study said. Experts said that the government should provide a tax “pass through” for solar power project bidders. A 'pass-through' status, in this context, would imply that the project developer is exempt from paying taxes. “For ongoing bids, government is saying that it will be a pass through for the bidder. Government also has to clarify what happens to projects that are awarded but under construction,” Debasish Mishra, partner a

The power ministry has pitched for a `deemed export’ status to offset a potential inflationary impact. A deemed export status would mean that goods and services supplies to renewable, energy plants would be exempt from GST. Alternatively, power ministry is pushing for `zero-rated’ status, implying that equipment and services for renewable energy plants should be kept outside GST as an interim measure. Both deemed status and zero-rating would also ensure input tax credit for such products and services. The ministry said that higher electricity tariffs due to GST could have a multiplier effect on the economy as it would be difficult for power producers to pass on the tariff hike to agriculture and domestic consumers. Apart from having an adverse impact on export competitiveness of products, the hike would negatively impact factory

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