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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.

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 26503.26 Crore) operating in Consumer Durables sector.

“In the case of FEMA, enabling provisions to allow Indian companies to list outside the country and issue of shares to residents outside India are needed. Retention of proceeds of foreign currencies overseas is also needed among other things.”

Goldman Sachs said that the government needs to strike a balance between boosting rural demand and investing in infrastructure. This brokerage is expecting a continued focus on welfare spending.

“There are a whole host of spending measures but all of them do not have an equally sharp fiscal and growth impulse. I believe spending will be there, it will be back ended but it may not really have that growth impulse.”

On Monday, the RBI announced that it had carried out a gilt switch operation worth Rs 1.19 lakh crore — probably the largest ever such operation carried out by the central bank. Of this, around Rs 63,650 crores of debt are scheduled to mature in the next fiscal year.

ICICIdirect is expecting the Adani group company to report a 25.8 per cent YoY drop in profit at Rs 1,172.2 crore while it sees sales falling 8 per cent to Rs 3,445.5 crore. Topline fall is seen led by lower coal offtake -- elevated international prices and higher supply of domestic coal.