X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sensex Near All-Time High, Fiscal Deficit Rising, and Top Stocks in Action
Tue, 2 Apr Pre-Open | Monish Vora, TM Team

On Monday, share markets in India opened on a positive note, recorded a new all-time high level and ended the day in green after an dull day of trading.

The BSE Sensex closed lower by 199 points to end the day at 38,872. While the broader NSE Nifty ended up by 32 points, to end the day at 11,656 points.

Among BSE sectoral indices, metal stocks rose the most by 2.1%, followed by IT stocks at 1.7%. Tata Motors and Vedanta were among the top gainers.

Top Stocks in Action Today

Tata Motors share price will be in focus today after the company's wholly owned subsidiary Jaguar Land Rover (JLR) said it expects improved financial results for the quarter ended March 2019 (Q4FY19).

As per an article in a leading financial daily, the company continues to execute its product plans and project charge turnaround strategy to deliver 2.5 billion pounds of cash flow improvements by March 2020.

Cipla share price is likely to be in focus as it received 8 good manufacturing practices observations from the US health regulator after inspection of Kurkumbh plant, Maharashtra.

The US Food and Drug Administration (USFDA) conducted a product specific pre-approval (PAI) and Good Manufacturing Practices (GMP) inspection at company's Kurkumbh plant from March 11 to 20 this year.

The inspection covered three units at the plant.

--- Advertisement ---
Get Details Of Solid Small Caps In Your Inbox For Just Rs 245 A Month

A year's subscription to our hugely popular small cap recommendation service, Hidden Treasure, costs just Rs 2,950.

Rs 2,950 for a year comes to just Rs 245 per month.

That is an extremely small price to pay for details of high-potential small cap stocks in your inbox every month. In fact, there are some stocks you could consider investing in right now too.

So hurry, click here to grab this offer before it closes!
------------------------------

Fiscal Deficit at Sky-High Levels

According to Controller General of Accounts (CGA) data, the country's fiscal deficit touched 134.2% of the full-year revised budgeted estimate at the end of February 2019, mainly due to tepid growth in revenue collection.

In absolute term, fiscal deficit for April-February 2018-19 was Rs 8.5 trillion as against the revised estimate (RE) of Rs 6.3 trillion for the entire year.

The CGA data revealed that revenue receipts of the central government were Rs 12.7 trillion or 73.2% of the revised budgetary estimate (BE) at February end. In the same period last fiscal, the revenue collection was 78.2% of the estimates.

The government's tax revenue stood at Rs 10.9 trillion and non-tax revenue was Rs 1.7 trillion.

Total expenditure incurred by the government during April-February 2018-19 was Rs 21.9 trillion (89.1% of RE), of which Rs 19.2 trillion was on revenue account and Rs 2.7 trillion on capital account.

Out of the total revenue expenditure, Rs 5 trillion was on account of interest payments and Rs 2.6 trillion on major subsidies.

Meanwhile, the finance ministry in a statement said that Rs 6 trillion has been transferred to the state governments as devolution of share of taxes by the central government up to February, which is Rs 670.4 billion higher than the corresponding period of last year 2017-18.

The fiscal deficit target for FY19 was revised upwards to 3.4% of GDP in the interim budget for FY20 presented on February 1 from 3.3% estimated initially.

The fiscal deficit at the end of February last year was 20.3% more than the revised estimate. The government missed the target for the year and ended with a fiscal deficit of 3.5% of GDP in FY18 against a target of 3.2%.

Note that, one way of gauging the government's financial health is by looking at the fiscal deficit as a percentage of GDP.

The good news is that this number has been declining. It has been in line with the government's stated aim of bringing the fiscal deficit down. Now, how this pans out going forward remains to be seen.

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

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Sensex Near All-Time High, Fiscal Deficit Rising, and Top Stocks in Action". Click here!

  

Stock Market Updates

SUVEN LIFESCIENCES Surges by 5%; BSE HEALTHCARE Index Up 0.6% (Today's Market)

Aug 19, 2019 03:28 PM

SUVEN LIFESCIENCES share price has surged by 5% and its current market price is Rs 248. The BSE HEALTHCARE is up by 0.6%. The top gainers in the BSE HEALTHCARE Index are SUVEN LIFESCIENCES (up 5.5%) and THYROCARE TECHNOLOGIES (up 5.7%). The top losers are CIPLA (down 0.1%) and GSK PHARMA (down 0.3%).

ADANI TRANSMISSION Surges by 5%; BSE POWER Index Up 0.2% (Today's Market)

Aug 19, 2019 03:26 PM

ADANI TRANSMISSION share price has surged by 5% and its current market price is Rs 221. The BSE POWER is up by 0.2%. The top gainers in the BSE POWER Index is ADANI TRANSMISSION (up 5.1%). The top losers are SUZLON ENERGY (down 0.5%) and TORRENT POWER LTD (down 1.0%).

BIOCON Plunges by 5%; BSE HEALTHCARE Index Up 0.5% (Today's Market)

Aug 19, 2019 03:06 PM

BIOCON share price has plunged by 5% and its current market price is Rs 232. The BSE HEALTHCARE is up by 0.5%. The top gainers in the BSE HEALTHCARE Index are THYROCARE TECHNOLOGIES (up 5.7%) and SUN PHARMA ADV. RES. (up 3.6%). The top losers is BIOCON (down 5.0%).

INOX WIND Plunges by 6%; BSE CAPITAL GOODS Index Up 1.5% (Today's Market)

Aug 19, 2019 02:24 PM

INOX WIND share price has plunged by 6% and its current market price is Rs 44. The BSE CAPITAL GOODS is up by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 2.7%) and HAVELLS IND (up 2.7%). The top losers is INOX WIND (down 6.1%).

IDBI BANK Surges by 11%; BSE BANKEX Index Up 0.7% (Today's Market)

Aug 19, 2019 02:14 PM

IDBI BANK share price has surged by 11% and its current market price is Rs 28. The BSE BANKEX is up by 0.7%. The top gainers in the BSE BANKEX Index is IDBI BANK (up 11.3%). The top losers are SBI (down 0.8%) and YES BANK (down 3.0%).

Sensex Rises 300 Points; Capital Goods & Healthcare Stocks Lead (Today's Market)

Aug 19, 2019 12:30 pm

The BSE Sensex is trading up by 306 points, while the NSE Nifty is trading up by 82 points.

View More Indian Share Market News

Most Popular

My Top 3 Dividend Millionaire Stocks(Profit Hunter)

Aug 7, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

The Perfect Stock in the Rebirth of India(The 5 Minute Wrapup)

Aug 8, 2019

This debt-free, well-managed company is all set to soar.

This 60-Year Old Smallcap Company Could Be Our Next Recommendation(The 5 Minute Wrapup)

Aug 12, 2019

My experience at the recent AGM of this smallcap company which has financials of any FMCG major.

Super investor Pulak Prasad is Buying Stocks Big Time...and You Should Too(The 5 Minute Wrapup)

Aug 9, 2019

Here's why the relentless correction in the Indian stock markets has not unnerved the big investors.

Qatar is Rearing Cows...this is Good News for India

Aug 9, 2019

Qatar has turned around after the Saudi embargo. This is good news for India.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 19, 2019 (Close)

MARKET STATS