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Of Rising Stock Markets, Economic Survey, and Top Cues in Focus Today
Tue, 30 Jan Pre-Open | Monish Vora, TM Team

Share markets in India closed on a strong note yesterday.

At the closing bell yesterday, the BSE Sensex stood higher by 233 points (up 0.7%) and the NSE Nifty closed up by 61 points (up 0.6%).

Losses were however seen for mid-cap and small-cap stocks. The BSE Mid Cap index ended the day down by 0.7%, while the BSE Small Cap index ended the day down by 1.1%. Gains were seen across most of the sectors with stocks in the auto sector and IT sector leading the gains.

Top Stocks in Focus Today

Maruti Suzuki share price will be in focus today. The company's stock was among the top gainers on the bourses yesterday after the its board approved reducing royalty rates for new models. The new method will be applicable on all new models launched by Maruti Suzuki since January 2017, starting with the urban compact hatchback Ignis. Maruti Suzuki pays royalty for some of its products in Indian rupees, which protects the company's earnings from adverse currency fluctuations. In the December 2017 quarter, Maruti paid 5.3% of its net sales as royalty to its parent Suzuki Motor.

From the pharma space, market participants will be tracking Cipla share price. The company has received final approval for its Abbreviated New Drug Application (ANDA) for Tenofovir Disoproxil Fumarate Tablets, 300mg, from the United States Food and Drug Administration (USFDA).

Indian Hotels Co share price will also be in focus today. This comes as the company has announced that it is looking to enter the branded homes business. Reportedly, the company is in talks with Kathmandu-based Chaudhary Group (CG) to set up a residential project under the Taj brand in Colombo, where both the firms jointly own over 10 acres of land.

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Economic Survey 2017-18

From the macroeconomic space, India's economy is expected to grow by 7-7.5% in FY19, according to the Economic Survey 2017-18.

The survey, authored by chief economic adviser in the finance ministry Arvind Subramanian, said the economy is likely to grow at 6.75% in 2017-18 against 6.5% estimated by the Central Statistics Office (CSO).

The Survey said the major risk to India's growth story next fiscal could emanate from rise in crude oil prices in the international market, however, it expressed hope that recovery in investments, global investment, improved global growth outlook and stabilisation of GST will however help pick up the domestic economy.

The Survey also stated that the forthcoming Union Budget 2018 will have its focus on investments over savings and also that the policymakers will have their focus on employment, education, and agriculture.

Flat Debut for Newgen Software Technologies

In the news from the IPO space, Newgen Software Technologies made a flat debut on bourses yesterday. The scrip of the company, which recently concluded its IPO subscription offer, got listed at Rs 253, a premium of around 3% over its issue price of Rs 245.

Newgen Software Technologies is a software products company that offers a platform enabling organisations to rapidly develop powerful applications addressing their strategic business needs. Its platform comprises of Enterprise Content Management (ECM), Business Process Management (BPM) and Customer Communication Management (CCM).

To know more about the company, you can read our IPO analysis of Newgen Software Technologies Ltd (subscription required).

IPOs are all the rage in the share markets these days. With new companies listing by the day, all with promises of superior returns.

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GST Receipts Seen Rising in December

In the news from GST space, as per an article in the Economic Times, Goods and Services Tax (GST) receipts rose in December 2017, reversing the decline seen in the previous two months.

As per the data, the total collections for December rose to Rs 867 billion, as on January 24. Note that GST receipts had slipped to Rs 808 bn in November from more than Rs 830 bn in October and Rs 920 bn in September.

This bodes well as higher tax revenue receipt will help bolster the country's financials and also provide further ammunition for the government to spend on social welfare and providing additional infrastructure to its citizens.

How this will continue in the coming months remains to be seen. We will keep you updated on the developments from this space.

To get a balanced perspective on the entire GST saga, you can read Vivek Kaul's report - The Good, the Sad and the Terrible (GST).

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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Stock Market Updates

Sensex Ends 598 Points Lower, Nifty Settles Below 15,100-Mark; HDFC and JSW Steel Top Losers (Today's Market)

Mar 4, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 598 points and the Nifty ending down by 164 points.

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

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