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Markets end at record high, Nifty above 11,100 as FY19 GDP seen at 7-7.5%

All that happened in the markets today

SI Reporter  |  New Delhi 

MARKETS LIVE: Budget 2018, economic survey, sensex, Nifty, Asian Markets

Sectoral Trend Sensex top gainers and losers Markets at Close   Benchmark indices ended at record highs on Monday after a government report predicted growth would accelerate in the coming fiscal year, but bonds fell after it also recommended slowing down the move toward lower fiscal deficits.   The S&P BSE Sensex ended at 36,283, up 232 points while the broader Nifty50 index settled at 11,130 up 60 points Economic Survey 2018: Home sales at 5-year low, FDI needed for revival   India’s real estate sector hit rock bottom, falling to a five-year low in 2017-18, and a change in market sentiment to attract more foreign direct investment would be required for a revival of the beleaguered sector, the Economic Survey 2017-18 notes.   While residential real estate market saw sales of only 58,000 units in the first half of 2017, new home sales fell to a five-year low of about 101,850 units during this period. Sales during the first half declined by over 38% when compared with the same period a year earlier, while unit launches fell by over 56% during the same period, the Survey said. READ MORE Hold your horses: Equities are expensive but reasons are not enough to exit   The stock market rally since the beginning of 2016 has been extraordinary. At a time when the economy was reeling from extreme stress after the note ban, the stock market started rallying, with foreign investors buying stocks of over Rs 300 billion in March last year, the highest they have bought ever in a single month.   The goods and services tax (GST) regime, which started in July, disrupted the economy further, but the stock markets were in a zone of their own as money kept coming. CLICK HERE FOR FULL STORY HDFC hits new high post Q3 results   Housing Development Finance Corporation (HDFC) has moved higher to its new high of Rs 1,980, up 4% on BSE, after the mortgage lender reported a standalone net profit of Rs 56.7 billion in December 2017 quarter (Q3FY18), which include exceptional gain of Rs 36.75 billion.   The company had posted profit of Rs 17.01 billion during the same quarter last fiscal. READ MORE Earnings impact  

Benchmark indices ended at record highs on Monday after a government report predicted growth would accelerate in the coming fiscal year, but bonds fell after it also recommended slowing down the move toward lower fiscal deficits.

The released earlier in the day projected economic growth would be 7.0-7.5% in the year starting in April, up from a projected 6.75% for the current fiscal year.

But the survey also noted “a pause in general government fiscal consolidation relative to 2016-17 cannot be ruled out,” sending benchmark 10-year bond yields up 4 basis points to 7.52% from its previous close.

The survey, an annual report the health of the economy, comes ahead of the release on Thursday of the federal budget for the year to begin on April 1.

It added that, FY18 gross value added is likely to grow at 6.1% in FY18 against 6.6% in FY17 and Industry growth is likely to be at 4.4% for the current fiscal year.

First Published: Mon, January 29 2018. 15:31 IST
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Markets end at record high, Nifty above 11,100 as FY19 GDP seen at 7-7.5%

All that happened in the markets today

All that happened in the markets today
Benchmark indices ended at record highs on Monday after a government report predicted growth would accelerate in the coming fiscal year, but bonds fell after it also recommended slowing down the move toward lower fiscal deficits.

The released earlier in the day projected economic growth would be 7.0-7.5% in the year starting in April, up from a projected 6.75% for the current fiscal year.

But the survey also noted “a pause in general government fiscal consolidation relative to 2016-17 cannot be ruled out,” sending benchmark 10-year bond yields up 4 basis points to 7.52% from its previous close.

The survey, an annual report the health of the economy, comes ahead of the release on Thursday of the federal budget for the year to begin on April 1.

It added that, FY18 gross value added is likely to grow at 6.1% in FY18 against 6.6% in FY17 and Industry growth is likely to be at 4.4% for the current fiscal year.
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Business Standard
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Markets end at record high, Nifty above 11,100 as FY19 GDP seen at 7-7.5%

All that happened in the markets today

Benchmark indices ended at record highs on Monday after a government report predicted growth would accelerate in the coming fiscal year, but bonds fell after it also recommended slowing down the move toward lower fiscal deficits.

The released earlier in the day projected economic growth would be 7.0-7.5% in the year starting in April, up from a projected 6.75% for the current fiscal year.

But the survey also noted “a pause in general government fiscal consolidation relative to 2016-17 cannot be ruled out,” sending benchmark 10-year bond yields up 4 basis points to 7.52% from its previous close.

The survey, an annual report the health of the economy, comes ahead of the release on Thursday of the federal budget for the year to begin on April 1.

It added that, FY18 gross value added is likely to grow at 6.1% in FY18 against 6.6% in FY17 and Industry growth is likely to be at 4.4% for the current fiscal year.

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Business Standard
177 22