Nominal GDP pegged at 10.5%-11% for FY27, fiscal deficit seen at 4.2% - GEPL Capital Ltd
Stocks in News
JSW STEEL:
The company has approved the formation of a joint venture for a land development project in Mumbai, with its subsidiaries Peddar Realty and JSW Realty collectively holding a 51% stake in the JV.
SOUTH INDIAN BANK:
The United Forum of Bank Unions has called a oneday nationwide strike on January 27, which may impact normal branch operations, while ATMs and digital banking services will remain operational.
•JAYASWAL NECO:
Signs MoU with Maharashtra for a 2 MTPA steel plant; proposed project investment Rs 12,262 crore.
• LT FOODS:
The Company launched the “I'm Organic” range offering fully traceable Organic Basmati and Sona Masoori rice, enabling consumers to track each grain's journey via QR code.
• PAYTM:
The Company clarified that it has recognized Rs.128 crore RBI?incentive as per guidelines, with no extension announced yet and plans to offset any future impact through higher revenues and targeted sales efforts.
• ACME SOLAR:
The company's arm commissions 4 MW out of its 100 MW wind power project in Gujarat
• IRB INFRASTRACTURE:
The company executes a project implementation agreement with IRB InvIT Fund and will act as project manager for the VM7 project.
• KESAR INDIA:
The company acquires a 9.1?hectare land parcel in Nagpur with estimated revenue potential of nearly Rs. 200 crore. • GRAVITA INDIA: The company ventures into lithium?ion battery recycling at Mundra.
• CROMPTON GREAVES:
The company launches Tablight 200W LED flood lights.
• PARADEEP PHOSPHATE:
Receives seizure memo from Customs; 25,000 MT urea worth Rs 103.3 crore seized; CRCL flags high biuret content.
• ADANI GREEN:
Arm commences 50 MW solar power project at Khavda, Gujarat.
Economic News
• Nominal GDP pegged at 10.5%-11% for FY27, fiscal deficit seen at 4.2%: An SBI report projects nominal GDP growth at 10.5-11% for FY27, with the fiscal deficit estimated at 4.2%. Capital expenditure is expected to surpass ?12 lakh crore. The report also highlights the need for better expenditure planning and suggests states adopt medium-term debt paths aligned with growth needs.
Global News
• Japan's leading indicator of service inflation hits 2.6% in December: Japan’s services sector price indicator rose 2.6% YoY in December, following a 2.7% rise in November, signaling continued cost pass-through due to labour shortages. With inflation above 2% for nearly four years, the BOJ ended its long stimulus in 2024 and raised short-term rates to 0.75% in December, indicating readiness for further hikes if price pressures persist alongside wage growth. Governor Kazuo Ueda emphasized monitoring wage-led cost passthrough, while the BOJ noted that a weak yen is now driving inflation not only via imports but also through second-round labour cost effects.
NIFTY SPOT:
25048.65 (-0.95%) TRADING ZONE: Resistance: 25300 (Pivot Level) and 25500 (Key Resistance). Support: 24900 (Multiple Touches) and 24700 (Key Support). BROADER MARKET:INLINE MIDCAP 150: 57145.65 (-1.8%), SMALLCAP 250: 16352.75 (-1.95%)
VIEW: Bearish till below 25500 (Key Resistance)
BANKNIFTY SPOT:
58473.1 (-1.23%) TRADING ZONE: Resistance: 59000 (Pivot Level) / 59500 (Key Resistance) Support: 58000 (Pivot Level) / 57700 (Key Support)
VIEW: Bearish till below 59500 (Key Resistance)
SEBI Registration number is INH000000081.
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