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Share Market Closing Note , Indian Stock Market Trading View For 27 Dec 2021 - Sharetipsinfo

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Benchmark indices erased previous session losses and ended higher with Nifty closing near 17,100.

Closing Bell: Day Trading, Money Manager and Investor News

At close, the Sensex was up 334.86 points or 0.59% at 57,459.17, and the Nifty was up 92.50 points or 0.54% at 17,096.30. About 1944 shares have advanced, 1285 shares declined, and 124 shares are unchanged.

Tech Mahindra, Cipla, Dr Reddys Laboratories, UPL and Kotak Mahindra Bank were among the top Nifty gainers on the Nifty. Losers were Hindalco Industries, Britannia Industries, IndusInd Bank, ONGC and Grasim Industries.

Among sectors except metal, all other sectoral indices ended higher with pharma index gained 1 percent. The BSE midcap index and smallcap indices ended in the green.

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Topic :- Time:3.00 PM

Nifty spot if manages to close above 17040 level then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to be seen. Avoid open positions for tomorrow.

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Topic :- Time:2.00 PM

Nifty is trading in green zone now. Nifty spot if manages to trade and sustain above 17080 level then expect some quick upmove and if it breaks and trade below 17740 level then some decline can follow in it.

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Topic :- Time:1.45 PM

Just In:

IIFL HFL Disbursed loans of over ₹ 3000 crore

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Topic :- Time:1.45 PM

New York sees increase in hospitalized children as Omicron hammers US:

With Omicron cases on the rise, New York health officials have reported an increase in hospitalized children, as the White House promised Sunday to quickly resolve the United States Covid-19 test shortage.

The New York State Department of Health warned of an upward trend in pediatric hospitalizations associated with Covid-19, in a statement Friday.

In New York City, it identified four-fold increases in Covid-19 hospital admissions for children 18 and under beginning the week of December 5 through the current week, it said.

Approximately half of the admissions are younger than five, an age group that is vaccine ineligible, the department added.

The number of Covid-19 cases in the United States is on the rise, with an average of nearly 190,000 new infections daily over the past seven days, according to figures from Johns Hopkins University.

The arrival of the new Omicron variant, compounded by holiday celebrations that typically include travel and family reunions, have caused a rush on tests in the United States, where it is difficult to get one in many locations.

Top US pandemic advisor Anthony Fauci on Sunday acknowledged a Covid testing problem and vowed to make more tests available to Americans next month.

One of the problems is that thats not going to be totally available to everyone until we get to January and there are still some issues now of people having trouble getting tested, Fauci told ABC News.

But we are addressing the testing problem, he added, saying it should be corrected very soon.

On Tuesday, President Joe Biden announced a raft of new measures as the United States battles its latest Covid surge, including shipping half a billion free home tests in the wake of the Christmastime testing crunch.

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 286.50.If it breaks and trade below 286.00 level then expect some decline in it and if it manages to trade and sustain above 287.40 level then some upmove can follow in it.

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Topic :- Time:1.10 PM

Important Alert:

1. RBI says RBL Bank well capitalised, financial position satisfactory

2. RBL Bank has financial strength, capital for growth ahead: Interim CEO Rajeev Ahuja

3. RBL Bank must fix its books, leadership to win back investor confidence

4. Saraswat Bank chairman, seven more booked in cheating case in Pune

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Topic :- Time:1.00 PM

Nifty is rangebound however it is trading in positive zone now. Nifty spot if manages to trade and sustain above 17080 level then expect some quick upmove in the market and if it breaks and trade below 17040 level then some decline can follow in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 754.20.If it breaks and trade below 752.50 level then expect it to fall till 748-749 levels and if it manages to trade and sustain above 755.50 level then some upmove can be seen in it.

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Topic :- Time:12.00 PM

Nifty is highly rangebound. Nifty spot if manages to trade and sustain above 17040-17050 levels then expect some quick upmove and if it breaks and trade below 17000 level then some decline can be seen in the market. Traders are advised to wait for some movement before taking big positions.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty remain choppy; Private banks worst hit

2. BL Bank tanks 20% as Vishwavir Ahuja goes on leave

3. Air Indias return flight to Tatas may get delayed due to pending approvals

4. Adani Group nears first coal shipment from shunned Australian mine

5. Foxconn India plant shut for 3 more days after week-long closure: Report

6. Kabra Extrusion surges 16% on Rs 100 crore capex plan for its battery unit

7. TBO Tek files papers with market regulator to raise Rs 2,100-crore via IPO

8. MFs add Rs 7 trn to kitty in 2021; Omicron possible red flag for 2022

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 27 Dec,2021:

Consolidation expected in the market. Global cues and omicron threat will act as trend decider for the week.

Nifty spot if manages to trade and sustain above 17040 level then some upmove can follow in the market and if it breaks and trade below 16980 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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At least 70% young students face learning poverty for shut schools, says World Bank

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This generation of students risks losing $17 trillion in lifetime earnings in present value, or about 14 percent of today’s global GDP, as a result of COVID-19-related school closuresAt Least 70% Young Students Face Learning Poverty For Shut Schools, Says  World Bank

More than 70 percent of 10-year-olds in low and middle income economies have slipped into a learning poverty because of the pandemic, risking $17-trillion loss in lifetime earnings for the generation, according to a World Bank estimate.

It will have a lasting impact on future earnings, poverty alleviation, and reducing inequality, the World Bank has said in a note.

One of the devastating impacts of COVID-19 on the poor and vulnerable can be seen in the field of education. It dealt a severe blow to the lives of young children, students, and youth and further exacerbated inequalities in education, the World Bank wrote.

“Due to prolonged school closures and poor learning outcomes, recent World Bank estimates document that increases in learning poverty – the share of 10-year-olds who cannot read a basic text – could reach 70 percent in low- and middle-income countries,” the agency said in a year-end review note. But it did not give country-specific details.

“In response to the deepening education crisis, the Bank has rapidly ramped up its support to developing countries, with projects reaching at least 432 million students and 26 million teachers – one-third of the student population and nearly a quarter of the teacher workforce in current client countries,” it said.

Reiterating how the pandemic has pushed people into poverty, the World Bank wrote that extreme poverty rose in 2020 for the first time in over 20 years and around 100 million more people are living on less than $1.90 a day.

From uneven economic recovery to unequal access to vaccines, from widening income losses to divergence in learning, COVID-19 has had a disproportionate impact on the poor and vulnerable in 2021. It is causing reversals in development and is dealing a setback to efforts to end extreme poverty and reduce inequality.

Explaining the learning poverty among 10-year-olds, World Bank said that out of every 100 students in the age group, 56 were in learning poverty prior to the pandemic and it has now touched 70. Of this 9 percent are schooling deprived and rest learning deprived. It means, only 30 percent are now not in learning poverty.

Earlier this year, the World Bank, UNESCO, and UNICEF had said in a joint report that this generation of students “now risks losing $17 trillion in lifetime earnings in present value, or about 14 percent of today’s global GDP, as a result of COVID-19 pandemic-related school closures.” The new projection reveals that the impact is more severe than previously thought, and far exceeds the $10 trillion estimates released in 2020.

Also Read:- Amit Mitra urges PM Modi to call GST meet to reverse tax hike on textiles

Though the World Bank did not mention anything specific about India, several recent surveys had showed how Indian students have suffered a massive learning loss due to the school closures. Though schools have officially opened in most of the states partly or fully, the attendance continues to be low due to the continued fear of the pandemic.

Amit Mitra urges PM Modi to call GST meet to reverse tax hike on textiles

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In a tweet Mitra said, "Modi Govt will commit another blunder on Jan 1. By raising GST on (man-made) Textiles (from) 5 per cent to 12 per cent, 15 million jobs will be lost and 1 lakh units will close. Modi ji, call a GST Council meeting now and reverse decision before sword of Damocles falls falls on the head of millions of people."

GST Council Meeting Highlights: Should Centre compensate states for loss  from coronavirus? | The Financial Express
Former West Bengal finance minister and now advisor to the state Chief Minister, Amit Mitra on Sunday urged Prime Minister Narendra Modi to convene an urgent meeting of the GST Council to revert a hike in tax on man-made fibre textiles.

In a tweet Mitra said, "Modi Govt will commit another blunder on Jan 1. By raising GST on (man-made) Textiles (from) 5 per cent to 12 per cent, 15 million jobs will be lost and 1 lakh units will close. Modi ji, call a GST Council meeting now and reverse decision before sword of Damocles falls falls on the head of millions of people."

The union government had notified an increase in GST on natural fibre products from 5 per cent to 12 per cent, including apparels in the lower tax bracket with effect from January 1, 2022.

The former finance minister on December 24 at a media meet had urged the Union Finance Minister Nirmala Sitharaman to similarly convene an urgent meeting of the GST Council to rescind the seven per cent tax hike in GST on the textiles sector to prevent job loss and closure of small units.

"If the tax (hike) is not reversed then the impact will be huge with job loss to 15 lakh (1.5 million) people, including those engaged in ancillary industry and closure of one lakh small units. A lot of units will revert to the informal sector, Mitra had told reporters during the meet.

However in his tweet put out on Sunday the job loss figure was placed at 15 million. The total number of jobs in India's textile sector is placed at 45 million by the India Brand Equity Foundation a trust founded by the Ministry of Commerce and Industry.

Mitra had pointed out that the textile trade's natural fibre segment constitutes 80 per cent of the Rs 5.4 lakh crore sector and its net profit margin is between one and three per cent making it vulnerable to any kind of cost increase.

Also Read:- Basavaraj Bommai-led GoM on GST rate likely to submit report by February

The cotton sector is already reeling under 70 per cent inflation, he had claimed, adding that the government estimate of earning an additional Rs 7,000 crore from raising the tax is mythical as a lot of units may shut down as a direct consequence of the tax hike.

He had accused the Centre of not discussing the issue in the GST council before announcing the hike.

India's forex reserves dip by $160 million to $635.67 billion

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The country’s foreign exchange reserves declined by $160 million to stand at $635.667 billion in the week to December 17, RBI data showed on Friday.

India's Forex Reserves Dip By $160 Million To $635.67 Billion

In the previous week ended December 10, the reserves had decreased by $77 million to $635.828 billion.It touched a lifetime high of $642.453 billion in the week ended September 3, 2021.

During the reporting week ended December 17, the dip in the forex kitty was on account of a decline in foreign currency assets (FCAs), a major component of the overall reserves.

FCAs tumbled by $645 million to $572.216 billion, weekly data released by the Reserve Bank of India (RBI) showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves rose by $475 million to $39.183 billion in the reporting week.

 Read Also :- 8 Reasons Why You Need a Financial Advisor

The special drawing rights (SDRs) with the International Monetary Fund (IMF) remained unchanged at $19.089 billion.

The country’s reserve position with the IMF increased by $9 million to $5.179 billion in the reporting week, as per the data.

8 Reasons Why You Need a Financial Advisor

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To appreciate the value of a financial planner, we must first recognise that the fast pace of modern life has left people with little time to spend to themselves. It could be for their physical health, mental well-being, or financial well-being. Parallel to this, the finance and investment business is expanding at a breakneck pace, with numerous new investment possibilities being added to the complicated world of investment and wealth management every year.

In such a situation, a person working hard to make a respectable income may not have the time to devote to the research and study required to invest money wisely or manage his wealth to reap maximum rewards. As a result, a who specialises in coaching people to their financial goals enters the picture.

Financial advisors fall into a variety of groups, each with its own working style. There are certified financial advisors that can give you unbiased investment advice. This can be for capital market investments or for your entire asset allocation.

Then there are certified financial planners, who assist you with your financial planning for a fee, and this is one of the most highly qualified positions because becoming a CFP takes passing an exam and completing a set number of years of practise.

After that, there's a chartered financial analyst (CFA), who focuses on stock markets, mutual funds, and other financial institutions' performance.

There is a distinction to be made here, and you must decide for yourself who you require the most. You may require the services of an investment advisor for a variety of reasons. Let's take a look at a few of the most common.

1. To stay on track with your investment strategy

Investing money is never truly enjoyable until it yields predictable profits on a regular basis. Investing typically reduces the amount of money you would have spent on luxury otherwise. As a result, the temptation to invest that money elsewhere is always present. You'll need a financial advisor to remind you of why you decided to invest in the first place, and to keep you from going astray and spending your money on depreciating assets or indulgences.

2. To Rebalance Your Portfolio

People who do not have access to a financial advisor are more likely to invest their funds and then forget about them. This is a risky practise. Each investment must be constantly monitored and rebalanced on a regular basis. This rebalancing is done for you by a skilled financial advisor, who also maintains track of whether or not all of your investments are producing benefits.

3. To save money on taxes by planning ahead of time.

Nobody enjoys paying taxes, just as no one enjoys investing money. There are numerous schemes, offers, programmes, and investments available that do not require an investor to pay taxes on capital gains or invested funds. A financial advisor is familiar with all of these options and can assist you in planning and saving your taxes in the most efficient way possible.

4. To devise a strategy for distributing your newly acquired wealth

This may appear impolite, but planning for the unexpected is critical, and a financial advisor can assist you in efficiently distributing your assets after your death. This is known as estate planning, and it is done with the help of an estate attorney.

5. To Help You Plan Your Retirement

Retirement planning has risen to the top of the list for millennials who seek to have a good lifestyle after retirement as individuals have become more aware and cautious of their future and guaranteeing a safe and secure living for themselves at all times. One of the most important roles of a financial advisor is to assist you understand how much money you'll need for a pleasant retirement and which investments to use up as you go closer to retirement.

6. How to Control Your Emotions

In the event of a loss, you may find it difficult to think clearly about the amount you invested because it is your hard-earned money. At this point, a financial advisor would come to your aid and assist you in thinking sensibly about your options and making the finest and most unbiased decision for improving your situation.

7. To Conserve Time and Effort

After extensive investigation of all possibilities and all the considerations associated with each investment instrument, putting together a successful investment plan takes a lot of time, effort, and knowledge. When making investment decisions, you must consider everything from the product's prior performance to your risk appetite and investment cash. An investment advisor can assist you in the most effective way possible while also saving you the time and effort required to conduct this study. You merely need to provide the financial advisor with the essential information and your requirements.

8. To provide you a second view on your decisions

Financial advisors have the knowledge and experience to evaluate each investment opportunity as well as a person's present financial and investment status. Even though you've done your due diligence on your investments, a financial advisor, particularly a registered investment advisor and a professional financial planner, can give you with a second view on your investment strategy.

Basavaraj Bommai-led GoM on GST rate likely to submit report by February

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The Chief Minister said this while replying to a debate on the supplementary estimates worth Rs 3,577 crore that was passed in the Karnataka Legislative Assembly today.

Types of GST and everything you need to know about GST | Alankit.com

The Group of Ministers (GoM) on GST rate rationalisation is likely to submit its final report by February, Karnataka Chief Minister Basavaraj Bommai, who heads it said..

The Chief Minister said this while replying to a debate on the supplementary estimates worth Rs 3,577 crore that was passed in the Karnataka Legislative Assembly today.

"I have held two meetings of the GoM so far, there are opposition states also, and I’m happy to say that I’ve been able to take everybody along – CPI, Congress, BJP and others. We’ve been successful in bringing everybody on the same platform, as everybody works for public interest," Bommai said.

He also said that he expects the revenues to go up after the rates are rationalized.At present, there are four slabs – 5, 12, 18 and 28- under the GST.

Noting that he is in the middle of multiple challenges, Bommai, who also holds Finance portfolio said, "there’s the post-Covid recovery that we need to focus on, then there’s the threat of a new wave, the GST compensation regime is ending and our expenditure is rising. I’m in the middle of all this," he said, adding that he wants to focus on solutions.

 Read Also:- Learn investment strategies Before Trading in stock market

He said the state has achieved 67 per cent of the target own-tax revenue collection by the end of November. "The achievement is 71 per cent in commercial taxes, 68 per cent in excise, 66 per cent in stamps and registration and 54 per cent in motor vehicles tax."

"Even during Covid-19, we haven’t fallen behind revenue collection." "There are goods that have a higher tax potential. For example, on arecanut, we got Rs 8 crore excess GST in just one week. Similarly, there are products that have been neglected and we are concentrating on them," he added.

Learn investment strategies Before Trading in stock market

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Learn Investment strategies Investing in the stock market is similar to dressing up for a party. Varied people have different tastes, and what appeals to one person may not appeal to another. Furthermore, regardless of design or fashion statement, the essential objective of a party gown stays the same. Similarly, investment strategies are adaptable and fit various people in different ways. The goal in each case, though, is to make a profit from the investments. Trading in the markets is when an investment is made with the purpose of buying at a lower price and subsequently selling at a higher one, and stock markets provide plenty of possibilities for traders to do so. Let's have a look at some of the most frequent tactics used to do this.


1. Investing for the Long Run

Value investing is a trading method based on financial analysis that needs investors to stay in the market for an extended period of time. The main goal of value investing is to determine the true value of a company's stock or share and to choose undervalued stocks that are being traded at a lower price than they merit. Because value investing thinks that stock market prices usually tend towards their fair value, it looks for these gaps in the markets and tries to take advantage of them. This is also a basic investment approach that has made many investors successful and wealthy, including Warren Buffett, the Oracle of Omaha. 

investment strategies ,Because it creates value over a lengthy period of time, value investing is considered a passive trading approach. While value investing has the potential to generate exponential returns for investors, dangers are always present, and everything is dependent on a person's stock picking approach. There are several indicators that can help you decide which stocks to buy for value investing, but picking the appropriate stocks for value investing typically requires more than just studying indicators.


2. Investing in Momentum

Momentum investing is a method in which investments strategies are made in response to market trends. Momentum traders would buy stocks ahead of a prospective rise, sell them before the markets fell, and then repurchase them at a lower price later. Short selling is the practise of selling first and then buying afterwards. Short selling in the cash segment is only permitted in India on an intraday basis, while short selling using derivative instruments is permitted for longer periods. Technical analysis, which may give a pretty accurate prognosis of the forthcoming trend in the markets, is the most useful tool and method for momentum trading investment strategy. This is a more active sort of trading strategy in which there are fixed buying and selling levels and orders must be executed properly.It is a riskier method than value investing, but stock selection and trade selection may be done reasonably rapidly utilising technical analysis tools.


3. Investing for Growth

Growth investment is concerned with a stock's, sector's, or industry's potential for future growth. Growth investing is a gamble on a company or sector that has the highest potential for future growth and the ability to take advantage of those chances to provide results and move forward on the path to success. The majority of these businesses fall under the midcap and smallcap categories. It's similar to analysing a company as a venture investor, with the exception that the company is publicly traded. Whereas value investing and growth investing are frequently contrasted, value investing focuses on the share price of a firm that is undervalued and hence worth more, while growth investing seeks out companies whose value will rise in the future.

Growth investment differs from speculating in that it necessitates extensive research and study of the economy, industry sector, and other factors.

4. Cost-Average Planning

This technique entails making frequent market investments over a long period of time. The Cost Average method does not believe in putting money in the market all at once, but rather in placing money in the market across multiple time periods. Blue chip firm stocks and defensive stocks, both of which are expected to expand steadily, are the most popular sorts of stocks in which people want to invest on a regular basis. Periodic investments in a single company's stock, made at different times, help to average the per share cost of the shares purchased. People who do not have a large sum of money to invest in the markets and wish to save over time could use the cost averaging investment strategies.

Conclusion: 

To take advantage of the market's investing prospects, all of these investment techniques can be implemented simultaneously. If you have a significant amount of money to invest in the markets, you can divide your investment capital across each of these investment strategies to maximise your returns.

A district in Maharashtra offers encouraging signs for a pandemic-battered credit industry

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Nashik, the sixth-largest credit market in the state, is seeing a rebound in credit demand for most products as revealed by a study.

A District In Maharashtra Offers Encouraging Signs For A Pandemic-battered  Credit Industry
Banks have struggled to grow their balance sheets over the past two pandemic-ridden years and analysts expect credit growth to recover slowly.

However, a district tucked away in western India is showing glimmers of hope. Nashik, the sixth-largest credit market in Maharashtra, is seeing a rebound in credit demand for most products, as revealed by analysts at ICICI Securities.

For one, vehicle sales have grown 40% year-on-year fuelling lending with used vehicles emerging as a key driver. “The key emerging trend is increased used-car financing volumes – as high as 2x of pre-Covid level and monthly disbursement being 20-30% higher than pre-Covid level,” the analysts said in a report.
Better performance by the farm sector has meant that the demand for tractors and other commercial vehicles has also improved, again boosting credit. Private sector banks have been large players in this segment although non-bank lenders dominate this space.


Microfinance remains a laggard and the pain points revealed by the pandemic are yet to heal. Disbursements remain muted as lenders still prefer existing customers. The overall assets under management are Rs 800 crore for the district and the only silver lining is improvement in asset quality as collections get back to pre-Covid levels, the analysts said.

In the safest loan segment, home loans, the district has seen sharp growth. The affordable space has grown 15% in financial year 2021-22. Nashik’s share is 1.2-1.4% of the total disbursed throughout the country, the analysts added. But a bulk of the home loans have been made to self-employed individuals who are riskier than salaried individuals and require close monitoring.

Most loan segments in the district that boasts a strong belt of small businesses have shown improvement in growth and asset quality.

Share Market Closing Note| Indian Stock Market Trading View For 22 Dec,2021:

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 Indian benchmark indices extended the rally for the second consecutive day on December 22 with Nifty closing above 16,900

.Share Market Closing News Sensex Nifty On Red Note - आखिरी घंटे में बिकवाली  के बाद लाल निशान पर बंद हुआ शेयर बाजार, निफ्टी 11600 के नीचे | Patrika News

At close, the Sensex was up 611.55 points or 1.09% at 56,930.56, and the Nifty was up 184.70 points or 1.10% at 16,955.50. About 2365 shares have advanced, 885 shares declined, and 102 shares are unchanged.

Hindalco Industries, Tata Motors, Divis Laboratories, Bajaj Finance and Eicher Motors were among the top Nifty gainers. Losers Power Grid Corporation, SBI Life Insurance, Wipro, Adani Ports and IOC.

All the sectoral indices ended in the green with auto, bank, realty, capital goods, pharma, oil &gas, power, and metal indices rose 1-3 percent.  BSE midcap and smallcap indices add over 1 percent each.

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Topic :- Time:3.00 PM

Nifty is on the run. Nifty spot if manages to close above 16920 level then expect some quick upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 293.90.If it manages to trade and sustain above 294.40 level then expect some upmove in it and if it breaks and trade below 292.80 level then some decline can follow in NG.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 293.90.If it manages to trade and sustain above 294.40 level then expect some upmove in it and if it breaks and trade below 292.80 level then some decline can follow in NG.

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Topic :- Time:2.00 PM

Nifty is in range now. Nifty spot if manages to trade and sustain above 16900 level then expect some quick upmove and if it breaks and trade below 16860 level then some decline can follow in it.

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 747.40.If it manages to trade and sustain above 748 level then expect some upmove in it and if it breaks and trade below 747.00 level then some decline can follow in COPPER.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 16920 level then expect some upmove and if it breaks and trade below 16880 level then some decline can follow in the market.

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Topic :- Time:12.30 PM

GOLD is trading at 48010.If it breaks and trade below 48000 then it is likely to slide towards 47800-47700 levels quite soon. It is likely to show some upmove only if it trades and hold above 48080 level.

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Topic :- Time:12.00 PM

Nifty is soaring high. Nifty spot if manages to trade and sustain above 16920 level then expect some further upmove in the market and if it breaks and trade below 16880 level then some decline can follow in it.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 350pts, financials rally; breadth 3:1 in favour of bulls

2. Sony Pictures Networks India, Zee Entertainment sign merger agreement

3. World could be entering worst part of pandemic: Bill Gates on Omicron surge

4. Adar Poonawalla picks up 20% stake in social media platform Wakau

5. Indias cybersecurity services, product industry revenue at $9.85 billion

6. India Cements surges 9% as RK Damani & family increases stake to 22.76%

7.  LIC boasts Rs 37-trillion AUM before overseas investors

8. ZEE falls 5% on profit booking, post inking merger pact with Sony Pictures

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 22 Dec,2021:

Nifty to turn volatile as the day progresses. Global cues to act as trend decider

Nifty spot if manages to trade and sustain above 16820 level then some upmove can follow in the market and if it breaks and trade below 16760 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.

Click Here:_ The Complete Commodity Investing Guide - Sharetipsinfo

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Cash support to COVID-hit economy with fiscal consolidation in focus: Finance Ministry report

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Increasing the buoyancy of tax revenue through improved compliance, mobilisation of resources through monetisation of assets, improving efficiency and effectiveness of public expenditure etc. are the important measures directed towards this goal, it said.Finance support, relief to pandemic-hit economy with fiscal consolidation  in focus: Ministry report

The government has initiated various measures to provide relief and financial support to various sectors of the Covid-19 hit economy, at the same time, fiscal consolidation is also under focus, the Finance Ministry said in a report.

Increasing the buoyancy of tax revenue through improved compliance, mobilisation of resources through monetisation of assets, improving efficiency and effectiveness of public expenditure etc. are the important measures directed towards this goal, it said.

According to statement on half yearly review of the trends in receipts and expenditure in relation to the budget at the end of the first half of the financial year 2021-22, Gross Tax Revenue (GTR) at the end of September 2021 was Rs 11,83,808 crore.

This was 53.4 per cent of BE 2021-22 of Rs 22,17,059 crore and reflects an increase of Rs 4,62,912 crore (64.21 per cent) over GTR for Rs 7,20,896 crore in the corresponding period of previous year.

The Budget has projected fiscal deficit of 6.8 per cent of gross domestic product (GDP) for the current fiscal ending in March 2022.

Fiscal deficit has been estimated at Rs 15,06,812 crore which is 6.8 per cent of projected GDP (Rs 2,22,87,379 crore).

The fiscal deficit of Rs 5,26,851 crore in H1, 2021-22 was about 35 per cent of BE, it said.

Lower fiscal deficit during H1 implies that the economy is, slowly but surely, getting back on the rails, it said.

Observing that the budget 2021-22 was presented in the backdrop of unprecedented Covid-19 crisis, it said, there has been a definite uptick in tax collections and Government's revenues till September of the current financial year even as India emerges from the deleterious impact of two waves of CoVID-19 pandemic.

"Increased tax collections also implies that the country's economy is, slowly but surely, getting back on the rails," it said.

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Buoyancy in revenue receipts, particularly under tax receipts, in H1 of the current financial year helped achieve all three mid-year benchmarks (fiscal deficit, revenue deficit and total non-debt receipts) prescribed under the FRBM Rules, it said.

Better fiscal results are expected with the increased momentum of the economic recovery in the second half the current financial year, it said.

With regard to forex reserve, it said, it has increased to USD 638.6 billion as on September 24, 2021 from a level of USD 577.0 billion at end-March 2021.

The average exchange rate was Rs 73.93 per USD during April-September of 2021-22 compared to Rs 75.13 per USD in the corresponding period of previous year.

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