Market Ahead, January 1: Top factors that could guide markets today


Podcast News: Investors' concern over fiscal slippage and contraction in core sector is likely to dominate today's session while the progress in the US-China trade deal might offer some relief.
Fiscal deficit of the Union government rose to 114.8 per cent of the target in the first eight months of the fiscal year, data released by the Controller General of Accounts showed. The gap between the government’s revenue and spending stood at Rs 8.07 trillion at the end of November — 13 per cent more than the full-year target.
Secondly, the output of eight core sectors of the economy fell for a third straight month in November, contracting by 1.5 per cent as key sectors like refinery products and electricity continued to see slow growth or contraction.
In today's session, infra stocks will be in focus after Finance Minister Nirmala Sitharaman yesterday announced plan to provide Rs 102 trillion infra-push over the next five years
Automobile companies will also react to their December sales figures which will be released starting today. Read Complete Article

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