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Tuesday, 23 February 2016

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Equity Market Updates- 23 Feb 2016

Nifty Tips

Market Check: 

The market has opened marginally lower on Tuesday with the Sensex falling 47.18 points to 23741.61 and the Nifty down 15.90 points to 7218.65.

The Indian rupee opened marginally lower by 5 paise at 68.65 per dollar today against 68.60 Monday. 

Budget expectations:

Budget 2016 to target FY17 fiscal deficit at 3.8 percent of GDP as it walks a tightrope between supporting growth and trying to maintain fiscal credibility.

According to market experts, gross tax revenue is expected to grow at 14.2 percent, marginally higher than this fiscal's 12.7 percent as he builds in a shallow recovery to 6.3 percent GDP growth in FY17 from 5.5 percent this year.

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1 comment:

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