Tag: fiscal deficit

Daily Market Update Mar 2

GST collections for February continue to be robust Rs.119,875 crore, the fifth straight month of clocking over Rs.1 trillion in GST revenues. The GST collections were up 7% over Feb-20, but marginally lower than the Jan-21 collections. Out of the total GST collections, Rs.21,092 crore was by way of CGST, Rs.27,273 crore as SGST, Rs.55,253

Daily Market Update Feb 4

SEBI barred Future Group CEO, Kishore Biyani, and brother Anil Biyani from accessing capital markets in any form for a period of the next one year. This order pertains to the insider trading case that goes back to 2017. According to SEBI, both the Biyani brothers traded in Future Retail through a clutch of group

Daily Market Update Feb 2

Nirmala Sitharaman presented a brave budget letting the fiscal deficit shoot up nearly 250 bps ahead of market expectations. The FM pegged the fiscal deficit for FY21 at 9.5% and the fiscal deficit for FY22 at 6.8%. In addition, the budget also laid out a long term chart of fiscal deficit tapering to 4.5% by

Weekly Triggers Jan 18

Trigger for the Week How will it impact? ·         Nifty held 14,400 and Sensex 49,000 after Friday’s correction ·         Options data hints at Nifty range of 14,000 to 14,600 with likelihood of pre-budget VIX scaling 30 levels ·         Lower than expected inflation hints at RBI continuing accommodation ·         CPI inflation at a multi-quarter low of

Daily Market Update Jan 8

According to a recent report by NASSCOM, India added nearly 1600 technology start-ups in 2020 and it actually added 12 Unicorns with valuation exceeding $1 billion. This is the best performance in any single year and this is all the more creditable considering that it was a pandemic year. The main drivers for this trend

Weekly Capsule – 27th Nov 2020

News Announcement Impact Analysis Sep-20 quarter GDP contracts by 7.5% on weak services sector growth This compares favourably with the contraction of 23.9% in Q1 and is also lower than estimates by rating agencies The sequential bounce in GDP performance was driven by a sharp turnaround in utilities and manufacturing sector Financial services and public