Flat fiscal data for H1FY17 may enthuse markets
DSIJ Intelligence / 30 Nov 2016
The fiscal deficit for the April-October period widened marginally to Rs 4.2 lakh crore as against Rs 4.1 lakh crore for the same period in previous financial year.
The fiscal deficit for the April-October period widened marginally to Rs 4.2 lakh crore as against Rs 4.1 lakh crore for the same period in previous financial year. The deficit figure for the first seven months of this fiscal year was 79.3 per cent of the Rs 5.34 lakh crore targeted for the FY17 budget. The revenue gap stood at Rs 3.28 lakh crore in H1FY17 as against Rs 2.87 lakh crore in H1FY16.
The fiscal deficit was 83.9 per cent of the total Budget estimate of Rs 5.34 lakh crore in H1FY17, while it was 68.1 per cent of the Budget target of the last financial year. Meanwhile, receipts stood at Rs 7.27 lakh crore in H1FY17 as against Rs 6.1 lakh crore in H1FY16.
The BSE Sensex gained 0.98 per cent to close at 26,652.81 on Wednesday. The NSE Nifty was also up by 1.01 per cent and cloased at 8224.5 with a gain of 82.35 points. On account of the flat fiscal deficit data, the markets may remain strong on Thursday’s trading session.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.