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In this issue

Recently the government approved 26% strategic sale in BEML. Former presently holds 54.03% stake in the company. Stake sale may take place early next fiscal. Against the Government target of raising Rs 56,500 crores from disinvestment (including Rs 20,500 crores from strategic sales) it has raised Rs 21,432 crore so far this fiscal. Wholesale Price Index (WPI) inflation fell to 3.15% in November as against 3.39% in October, and 3.57% in September. Consumer Price Index fell to 3.63% in November, a two year low. Direct tax collections for first nine months of 2016-17 rose 14.4% on year on year basis while indirect tax jumped 26.2%. On the flip side, industrial production declined -1.9 % y-o-y in Oct’16. Also, Bank Loan growth slowed down to 6.6% from 7.9%. Overall the picture remains hazy due to demonetisation move, though the effect seems to be milder than expected earlier. Pick of the week : Two stocks with decent future prospects. Thanks for your support we have completed 17 years!