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