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30
November 2016
I had
mentioned in Tuesday’s closing report that Nifty and Sensex, which ended on a
flat note were losing steam. Indian shares climbed to a near three-week high as
a gauge of lenders snapped its two-day losing streak and automakers extended
their rally. The S&P BSE Sensex gained nearly 1% to 26,652 and the NSE
Nifty advanced 1% to 8,224. Both the indices have gained for a fourth straight
session, with the Nifty closing above the 8,200-mark for the first time since
11 November. The Total
Investment & Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
The
market breadth was firmly in favour of the buyers at 1,765 advances against 827
declines and 202 stocks remained unchanged.
Banks
were the big gainers, led by ICICI Bank (+3.1%), IndusInd (+3%) and SBI
(+1.6%). Meanwhile, the CNX IT index bucked the rising trend, losing 0.1% and
in the process extending its losing streak to day three. The S&P BSE
SmallCap index outperformed its larger peers, rising little over 1%. The Total Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given below:
 |
Top Gainer (The Total
Investment & Insurance Solutions)
India's
fiscal deficit for the April-October period of the current financial year stood
at Rs4.23 lakh crore, or 79.3% of the budget estimate, data released by the
Controller General of Accounts showed on Wednesday. The Total Investment & Insurance Solutions
The
total budgeted estimate for financial year 2016-17 stands at Rs5.34 lakh crore
which translates to 3.5% of the gross domestic product. The deficit was 74% of
the target in the same period of the previous financial year. Non-tax receipts
generated by the end of October stood at Rs1.6 lakh crore, which is 52% of the
budgeted estimate of Rs3.2 lakh crore, data showed.
Total
receipts (from revenue and non-debt capital) of the government stood at Rs7.3
lakh crore or 50.4% of the budgeted estimates for the current financial year.
The
government has also stuck to front-loading its spending calendar, with the total
expenditure at Rs11.5 lakh crore, or 58.2% of the full-year estimate in the
first seven months of the current financial year. Non-planned expenditure
constituted Rs8.1 lakh crore of the total amount.
The
Indian economy grew at 7.3% in the second quarter of the current fiscal year,
lower than the 7.5% forecast by economists. While slightly weaker than
expected, the growth trend has so far has been in line with the forecast of
achieving 7.6% growth this fiscal. This could change with growth seen weakening
in the third and fourth quarters of the year due to the impact of
demonetisation. The Total Investment & Insurance
Solutions
The
country’s gross domestic product grew 7.3% in the July-September quarter
compared to 7.1% in the previous quarter. Gross value added, a second way to
judge growth in the economic activity, rose 7.1% during the quarter.
The
closing values of the major Asian indices are given in the table below:The Total Investment & Insurance Solutions
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| Asian Indices (The Total Investment & Insurance Solutions) |
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