Some buying activity is seen in Healthcare, IT, realty, capital goods,metal and consumer durable sectors, while auto, banking and fmcg are showing weakness on BSE.
Fiscal deficit has risen to Rs5.68trn in April-January period, way beyond the budget estimates. The government seems to be relying on ‘off-balance sheet’ debt for funding a large part of its capex push. Almost 80% of incremental resources outside the budget is expected to come from higher borrowings. This raises legitimate questions about ‘true’ fiscal deficit but also highlights the fuzzy nature of the concept of fiscal deficit itself. Meanwhile, the Finance Minister says India's economy needs to reach an annual growth rate of 9 per cent to 10 per cent and then sustain that activity "many, many more years than 10 years" in order to improve infrastructure and bring down rampant poverty.
At 9:31 AM, the S&P BSE Sensex is trading at 29,400 down 59 points, while NSE Nifty is trading at 8,933 down 24 points.
The BSE Mid-cap Index is trading up 0.43% at 11,000, whereas BSE Small-cap Index is trading up 0.39% at 11,416.
Some buying activity is seen in Healthcare, IT, realty, capital goods,metal and consumer durable sectors, while auto, banking and fmcg are showing weakness on BSE.
Sun Pharma, TCS, Wipro, Bajaj auto, Reliance Industries Tata steel and are among the gainers, whereas Coal India, M&M, Tata Motors, Axis Bank and ITC are losing sheen on BSE.
US indices gained despite economic numbers indicating a slowdown. Perhaps investors are reconciled to the fact that there is some growth nevertheless at a moderate pace. The Nasdaq closed at 50009, up 0.9%; these are levels last seen in the year 2000 when dotcom mania had gripped Wall Street. Dow rose 0.8% while S&P added 0.6%. Asian markets are mixed with Nikkei and Hang Seng in the green while China’s Shanghai is in the red.
Adlabs Entertainment, which runs an amusement park, is opening its initial public offer (IPO) on March 10.The issue will close on March 12. The company has fixed the price band at Rs. 221 to Rs. 230 per Equity Share.
Ortel Communications Limited public issue opens today. The Price Band is fixed from Rs. 181 to Rs. 200 per Equity Share.
Fiscal deficit has risen to Rs5.68trn in April-January period, way beyond the budget estimates. The government seems to be relying on ‘off-balance sheet’ debt for funding a large part of its capex push. Almost 80% of incremental resources outside the budget is expected to come from higher borrowings. This raises legitimate questions about ‘true’ fiscal deficit but also highlights the fuzzy nature of the concept of fiscal deficit itself. Meanwhile, the Finance Minister says India's economy needs to reach an annual growth rate of 9 per cent to 10 per cent and then sustain that activity "many, many more years than 10 years" in order to improve infrastructure and bring down rampant poverty.At 9:31 AM, the S&P BSE Sensex is trading at 29,400 down 59 points, while NSE Nifty is trading at 8,933 down 24 points.
The BSE Mid-cap Index is trading up 0.43% at 11,000, whereas BSE Small-cap Index is trading up 0.39% at 11,416.
Some buying activity is seen in Healthcare, IT, realty, capital goods,metal and consumer durable sectors, while auto, banking and fmcg are showing weakness on BSE.
Sun Pharma, TCS, Wipro, Bajaj auto, Reliance Industries Tata steel and are among the gainers, whereas Coal India, M&M, Tata Motors, Axis Bank and ITC are losing sheen on BSE.
US indices gained despite economic numbers indicating a slowdown. Perhaps investors are reconciled to the fact that there is some growth nevertheless at a moderate pace. The Nasdaq closed at 50009, up 0.9%; these are levels last seen in the year 2000 when dotcom mania had gripped Wall Street. Dow rose 0.8% while S&P added 0.6%. Asian markets are mixed with Nikkei and Hang Seng in the green while China’s Shanghai is in the red.
Adlabs Entertainment, which runs an amusement park, is opening its initial public offer (IPO) on March 10.The issue will close on March 12. The company has fixed the price band at Rs. 221 to Rs. 230 per Equity Share.
Ortel Communications Limited public issue opens today. The Price Band is fixed from Rs. 181 to Rs. 200 per Equity Share.
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