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Most economists peg the fiscal deficit target for the next year at around 6 per cent of GDP down from 6.8 per cent of GDP projected for the current financial year

“The temptation would be to consolidate aggressively but at the same time, the best way to get debt to GDP down is to basically grow nominal GDP faster.”

The company’s scrip fell to a low of Rs 498.65 as against the previous close of Rs 517.75 on the National Stock Exchange. The stock was last trading 2.8 per cent lower

A total of 12,309 shares changed hands on the counter till 10:51AM (IST)

Dalal Street will be eyeing a clear roadmap for privatisation of public sector banks, announcement on scaling up asset reconstruction companies and setting up of central bank digital currency among others when the government tables its Budget today.

Home buyers are expecting the limit of home loan interest for tax rebate to be raised to Rs 5 lakh from Rs 2 lakh at present

Traders are expecting the government to announce a slightly lower gross borrowing number than previously anticipated after it converted bonds worth 1.197 trillion rupees ($15.96 billion) with the central bank, switching papers maturing in coming years for longer-dated ones.

The stock quoted a 52-week high price of Rs 4577.45 and low of Rs 2545.0.

“The emphasis is not going to be on quick fiscal consolidation at all. It will be first off all stimulus to take care of the current crisis and beyond that gradual consolidation in stages.”

On the technical charts, the 200-day moving average of the stock stood at Rs 298.58.