Friday, August 21
India's fiscal deficit for April to November, or the first eight months of this fiscal year, was at Rs 9.76 lakh crore, equivalent to 62.3% of annual estimates, widening from the previous year's 52.5%. The government aims to narrow the fiscal gap to 4.4% of GDP in this financial year from 4.8% a year earlier.Total receipts stood at Rs 19 lakh crore, while overall expenditure in April to November was at Rs 29.25 lakh crore. They were 55.7% and 57.8% of this fiscal year's budget target.Also Read: Union Budget 2026: Economists urge tax incentives, data centre push and export diversification at PM Modi’s pre-Budget meetTotal receipts in the year-earlier period was at 59.1% of estimate, while expenditure marginally widened from 56.9% a year earlier.Revenue receipts stood at Rs 19.10 lakh cror
Indian stocks closed higher on the final trading day of the year on Wednesday, with the Sensex and Nifty rebounding after five and four straight sessions of losses, respectively, as buying returned to metal stocks following the government’s decision to impose a three-year safeguard duty on select steel imports, among other factors supporting the rally.The BSE Sensex climbed over 545 points or 0.64% to end at 85,220.60, while the NSE Nifty 50 advanced nearly 191 points or 0.74% to close at 26,129.60.Here are the factors behind today’s Dalal Street rally:1) Steel stocks advanceJSW Steel, Tata Steel and Titan Company were among the top gainers in the Nifty 50, rising as much as 5%, as the Nifty Metal index gained more than 1% after the governemnt announced a three-year safeguard duty of 1
