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Thursday, 28 December 2017

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MARKETS LIVE: Indices flat; Nifty hovers around 10,500 ahead of F&O expiry

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The benchmark indices were trading marginally higher tracking positive trend seen in Asian markets after they rallied to a one-month high. 

Gains were, however, capped as sentiment remained cautious ahead of the F&O expiry of December series due later today. 

Meanwhile, The Centre looks set to breach the fiscal deficit target this year, with lower-than-expected revenue prompting it to go for additional borrowing of Rs 50,000 crore from the market. 

The borrowing is over and above the budget estimate of Rs 5.80 lakh crore for 2017-18, which would lead to the government missing its fiscal deficit target of 3.2 per cent of the gross domestic product (GDP) for the first time in four years.

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