You are here: Home » Markets » News
Business Standard

Nifty down nearly 1% but holds 10,600; Sensex ends over 300 pts lower

All that happened in the markets today

SI Reporter  |  New Delhi 

Photo: Shutterstock.com
Photo: Shutterstock.com

Sectoral Trends Sensex top gainers and losers Markets at close Benchmark indices fell for a fifth straight session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares slumped, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week.   The S&P BSE Sensex ended at 34,757, down 309 points while the broader Nifty50 index settled at 10,666, down 94 points. Boost non-tax revenue: Further fiscal slippage to dent Budget's credibility   In the run-up to the Union Budget, the primary concern for most observers was the state of the fiscal health. Union Finance Minister Arun Jaitley did little to allay the apprehensions as he announced a slippage of 30 basis points (bps) in the fiscal deficit for FY18.   Worse, the fiscal deficit for the next year has been targeted at 3.3%, which is quite a distance from Mr Jaitley’s initial promise in 2014 to achieve the 3 per cent mark in three years. He has now postponed getting to 3% to 2020-21. CLICK HERE FOR FULL STORY Indirect Tax: Budget on customs could have been more positive   The indirect tax Budget of 2018-19 was not expected to devote any time to GST. So the officers had all the time to achieve a meaningful improvement in the customs tariff. Only the sufferers know that the customs tariff has got 19 rates of duty. Then there are hundreds of exemptions and conditions and lists which make customs duty classifications quite complicated. CLICK HERE FOR FULL STORY India 'might' achieve 3% fiscal deficit target by 2019-20: Finance ministry official   India 'might actually' be able to reduce the fiscal deficit to 3% of the GDP by 2019-20, a finance ministry official said on Monday, a year ahead of a stated goal of the government announced last week in the Union Budget. READ MORE

Benchmark indices were trading in negative on investor caution that could push up and prompt the central bank to raise interest rates soon.

Finance Minister Arun Jaitley, delivering his last full annual budget before a general election to be held by May next year, raised government spending for rural areas and support to farmers, while slowing the pace of fiscal consolidation.

A cautious stance at the would increase the probability of interest rate increases in the coming fiscal year. 

Globally, fell the most in over a year on Monday as fears of resurgent battered bonds, toppled Wall Street from record highs and sparked speculation that central banks globally might be forced to tighten policy more aggressively.

First Published: Mon, February 05 2018. 15:33 IST
RECOMMENDED FOR YOU

Nifty down nearly 1% but holds 10,600; Sensex ends over 300 pts lower

All that happened in the markets today

All that happened in the markets today
Benchmark indices were trading in negative on investor caution that could push up and prompt the central bank to raise interest rates soon.

Finance Minister Arun Jaitley, delivering his last full annual budget before a general election to be held by May next year, raised government spending for rural areas and support to farmers, while slowing the pace of fiscal consolidation.

A cautious stance at the would increase the probability of interest rate increases in the coming fiscal year. 

Globally, fell the most in over a year on Monday as fears of resurgent battered bonds, toppled Wall Street from record highs and sparked speculation that central banks globally might be forced to tighten policy more aggressively.
image
Business Standard
177 22

Nifty down nearly 1% but holds 10,600; Sensex ends over 300 pts lower

All that happened in the markets today

Benchmark indices were trading in negative on investor caution that could push up and prompt the central bank to raise interest rates soon.

Finance Minister Arun Jaitley, delivering his last full annual budget before a general election to be held by May next year, raised government spending for rural areas and support to farmers, while slowing the pace of fiscal consolidation.

A cautious stance at the would increase the probability of interest rate increases in the coming fiscal year. 

Globally, fell the most in over a year on Monday as fears of resurgent battered bonds, toppled Wall Street from record highs and sparked speculation that central banks globally might be forced to tighten policy more aggressively.

image
Business Standard
177 22