{"id":22037,"date":"2022-05-23T03:00:47","date_gmt":"2022-05-23T03:00:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/05\/23\/sensex-nifty-seen-opening-flat-on-fiscal-deficit-concerns\/"},"modified":"2022-05-23T03:00:47","modified_gmt":"2022-05-23T03:00:47","slug":"sensex-nifty-seen-opening-flat-on-fiscal-deficit-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/05\/23\/sensex-nifty-seen-opening-flat-on-fiscal-deficit-concerns\/","title":{"rendered":"Sensex, Nifty Seen Opening Flat On Fiscal Deficit Concerns"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares are likely to open little changed on Monday, tracking mixed global cues and amid fiscal deficit concerns after reports that the government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022\/23 fiscal year.<\/p>\n<p>The impact of Saturday&#8217;s excise duty cuts on petrol and diesel will be Rs 1 trillion for a year and the fiscal deficit target of 6.4 percent of the GDP is unlikely to be met, Finance Minister Nirmala Sitharaman has said.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> traded mixed in cautious trade, with Hong Kong stocks leading regional losses after Beijing reported a record number of Covid cases during its current outbreak.<\/p>\n<p>A weaker dollar helped lift commodity prices, with copper rising to a more than two-week high and gold hitting a more than one-week high. Oil prices remained elevated amid tight supply. <\/p>\n<p>U.S. stocks seesawed before finishing mixed on Friday amidst fears of a looming recession. The Dow ended marginally higher after having plunged more tan 600 points at its worst levels. <\/p>\n<p>The tech-heavy Nasdaq Composite slipped 0.3 percent, while the S&amp;P 500 briefly fell into bear market territory before ending largely unchanged. <\/p>\n<p>European stocks closed higher on Friday but still logged a negative week on concerns about inflation and growth. <\/p>\n<p>The pan European Stoxx 600 gained 0.7 percent after China cut its main mortgage interest rate by the most on record and British retail sales unexpectedly rose in April. <\/p>\n<p>The German DAX rose 0.7 percent, France&#8217;s CAC 40 index edged up 0.2 percent and the U.K.&#8217;s FTSE 100 added 1.2 percent. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Seen Opening Flat On Fiscal Deficit Concerns<\/a><br \/>\n<br \/>2022-05-23 03:00:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares are likely to open little changed on Monday, tracking mixed global cues and amid fiscal deficit concerns after reports that the government is considering spending an additional 2&#8230;<\/p>\n","protected":false},"author":2,"featured_media":22038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-22037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/22037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=22037"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/22037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/22038"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=22037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=22037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=22037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}