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NIFTY Outlook:

Rudra Investment is the Best Share Market Tips Provider for the investment in The domestic equity indices snapped out of a two-session losing streak to settle 0.5 per cent higher on Friday led by a rise in public sector banks and metal stocks. The S&P BSE Sensex ended at 35,695, up 181 points or 0.51 percent, while the broader Nifty50 index settled at 10,727, up 55 points or 0.52 percent. On a weekly basis, the S&P BSE Sensex fell 1.05 percent, while the Nifty 50 declined 1.22 percent.

NIFTY SNAPSHOT

INDEX	OPEN	HIGH	LOW	CLOSE
NIFTY 50	10739.95	10793.45	10678.00	10782.00
BANKNIFTY	27169.00	27431.00	27058.00	27376.00

OPEN INTEREST AND VOLUME

INDEX	CURRENT	PREVIOUS	% CHANGE
NIFTY OI	25852125	25414200	0.98
NIFTY VOLUME	170444	149497	0.87
BANKNIFTY OI	1591160	1558740	0.98
BANKNIFTY VOLUME	189614	138865	0.73

NIFTY GAINERS

SYMBOL	CMP	% CHANGE
INFRATEL	287.00	5.67
YESBANK	190.00	3.20
VEDL	193.90	3.17
TATAMOTORS	171.15	3.07
BHARTIARTL	322.00	2.71

NIFTY LOSERS

SYMBOL	CMP	% CHANGE
HCLTECH	932.00	1.72
TECHM	681.40	1.42
INFY	660.25	1.33
HEROMOTOCO	2985.00	0.98
INDUSINDBK	1545.00	0.95

FII ACTIVITIES ( RS. IN CRORE)

FII	GROSS PURCHASE	GROSS SALES	NET PURCHASE/ SALES
04-JAN-2019	3130.60	3288.32	157.72
03-JAN-2019	3941.51	4914.32	972.81
02-JAN-2019	2573.57	3194.63	621.06

DII ACTIVITIES ( RS. IN CRORE)

DII	GROSS PURCHASE	GROSS SALES	NET PURCHASE/ SALES
04-JAN-2019	2843.61	2603.01	240.6
03-JAN-2019	2835.58	2801.06	34.52
02-JAN-2019	3075.06	3301.24	226.18

Market News:

• Supreme Court defers hearing of Ram temple title suit till January 10
• Ahmedabad CGST officials bust fake GST invoice racket worth Rs 175 crore
• Ashok Leyland hits an 18-month low on weak December sales
• GM Breweries tanks 13% post 25% drop in Q3 net profit
• Future Retail nears 52-week low; slumps 21% in eight trading sessions

CGST shortfall may force govt to cut spending to meet the fiscal deficit target

Despite crossing the Rs 1-trillion mark twice this year, the goods and services tax (GST) collections are running well behind the budgeted target. As opposed to a monthly target of Rs 1.04 trillion, the monthly run rate adjusting for refunds works out to around Rs 89,600 crore according to a report by Kotak Institutional Equities. While the report pegs the Centre’s GST shortfall at Rs 1 trillion, adjusting for tax devolution to states, the Centre is possibly staring at a shortfall of Rs 58,000 crore. Part of the gap may be plugged by higher than expected direct tax collections, though meeting the disinvestment target might be difficult, say analysts Business Standard spoke to. This could force the government to either cut its capital expenditure this year or roll over spending on account of subsidies to next year in order to meet the fiscal deficit target.