There are a few factors that can spoil the party
Investors will keenly watch US Fed meet starting Tuesday
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
The second half of the budget session of Parliament, beginning on Monday, is all set to be a stormy affair with opposition parties closing ranks over the imposition of Presidents' rule in Uttarakhand.
Arun Jaitley on Friday said he would defer the move.
Sensex to hit record high in 2015, but analysts cut forecast
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
The NSE Nifty also moved up by 12 points to 8,648.35.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
The finance minister said the economy had been slowing.
The broader NSE Nifty sank 177.65 points or 1.53 per cent to 11,419.25.
Opposition party is unlikely to block Bills for GST, insurance and e-auction of coal mines.
For the sake of transparency, and to reduce undesirable bond market volatility, clarity on these would be welcome, preferably before the budgets for the next fiscal year get finalised, says Neelkanth Mishra.
There could be a strong incentive for tax payers to avoid the higher tax burden.
Perhaps the calculation is that economic recovery will have been achieved before the next general election comes around, but such assumptions can come unstuck if current directions are not reversed quickly, cautions T N Ninan.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
Managing your money in January will set the trend for rest of the year, says Adhil Shetty.
The report cautioned that low capacity utilisation and stressed balance sheets of banks and businesses will prevent a strong investment revival in the short term.
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
The near term will be challenging, as most will struggle to adapt to the new regime.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
Oppn MP says govt suffering from Cinderella syndrome, while CPI(M) alleges NDA sabotaging Bill
Experts warn of over-interpreting the numbers and said their sustainability needed to be watched beyond November, says Indivjal Dhasmana.
Ways on how consumers can maximise benefits.
Arun Jaitley is on a 10-day trip to the US.
'Should you give a man fish, or teach him how to fish?' 'Lurking hidden in the new bout of welfarism seems to be an admission that the State can't deliver for the poor anything other than cash,' notes T N Ninan.
The GST bill is stuck in the Rajya Sabha where the ruling NDA govt does not have a majority as well as stiff opposition by the Congress
The Microsoft chief's comments come in the wake of Bill Gates' call for levying taxes on robots that take away jobs from people.
'If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.'
For a long time, the Indian economy has been drifting without a credible monetary anchor.
'The SJM has requested the government to bring a change in the law which will ensure MSP as the floor price for all farmers below which nobody should buy anything from them.'
Protests by central labour unions and widespread criticism from Opposition parties because of job losses on account of demonetisation and the GST have put the contentious labour reform proposals in the slow lane.
With the Premier League at a standstill, the players have been criticised in the British media over the last week for resisting calls from the clubs to accept wage deferrals and cuts to reduce wage bills. The union said that the players wanted to ensure their contributions supported the clubs they play for, non-playing staff, lower league clubs and the NHS.
Arun Jaitley had a tough fiscal hill to climb.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
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