The fiscal year FY23 so far has been robust so far amidst the higher than expected output of goods and services in the economy. For the full year, the indirect tax collections are estimated to be above the original estimates.
Margin expansion could offset decline in volumes
The FARs include securities which do not have any restrictions on holdings by foreign investors.
Here are some stocks that may show significant price movement today.
On the upside, Welspun Corp surges near 1.5% amidst the gloom in the sector.
The base case of IIFL Capital Services since the middle of 2022 has been that Indian economy has exhibited strength, whereas western economies — after steep inflation spikes and policy rate hikes — have been facing sharp potential growth slowdown.
Strong improvement in profitability likely
On NSE, the IT index climbed nearly 250 points, while the Banking jumped nearly 150 points
Strong show in US market could boost overall profitability
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