The Nifty has been finding it tough to breach the psychological 12,000 mark on continuous profit booking around that level.In fact, it remains in consolidation mode for the third consecutive week and is trading between 11,850 and 12,000 levels.The sideways movement begun after the index rallied 1,300 points from 10,700 to around 12,000 in a span of just two months on the back of several government measures including a cut in the corporate tax rate by 10 percentage points.Close The recent September quarter earnings and cut in corporate tax rate made analysts confident about future corporate earnings growth. related news Dharmesh Shah sees Nifty heading towards its record high of 12,100, bets on these 2 stocks Market Headstart | Nifty may open flat over fears of delay in 'Phase one' US-China trade deal Laurence Balanco, Technical Analyst at CLSA, believes 12,070-12,118 should provide a platform for resumption of the market long-term uptrend. "A break above 12,070-12,118 … [Read more...] about CLSA sees Nifty at 13,700-13,800 levels if index surpasses its earlier high
Coffee break arcade
Ever noticed a tightrope walker? You could easily notice one at fairs in India, especially in villages. Sometimes, even carefully balancing a pot on his/her head and holding a stick to help maintain balance as he/she treads gingerly from one end of the rope to another.It’s a high risk game! Fall and risk a fracture or break a limb. Reach the other end and earn admiration. You need nerves to even watch it.Buying unlisted shares available in a distress sale is akin to a tightrope walk. Whether you simply buy the shares of unlisted companies that its existing investors want to sell or from an alternate investment fund (AIF) that investors wish to exit midway, or even shares held by employees — these are some of the opportunities that could prop up time and again.Close If you’re vigilant, patient and have the money to spare there could be a fortune. But there’s no guarantee that you’ll make money here. And that is not just the only risk … [Read more...] about Buying unlisted shares and AIF units a tightrope walk, retail investors should stay away
Today is Akshaya Tritiya - that time of the year for many of us to buy gold. It’s believed to be an auspicious day to start new ventures as well. And because Akshaya Tritiya comes in the middle of the wedding season that is upon us already, most of us have our trips planned to local jewelers.But buying gold costs money and its prices go up and down, just like any other asset. Typically, we always suggest to be a bit cautious in buying gold to ensure you don’t go overboard (we Indians love our gold, do we not?). The good news is, this Akshasya Tritiya might just be a good occasion to buy gold. Moneycontrol has been saying for some time already.Gold prospectsClose Gold prices may move upwards in the next couple of years as the macro- economic picture changes globally. If you have been tracking US President Donald Trump’s tweets for the last couple of years, you would have noticed by now that the world trade and international relations are changing. The tariff wars … [Read more...] about Country celebrates Akshaya Tritiya today; is it time to invest in gold?
Buying health insurance is an essential item in a personal finance to-do list. If you have already bought one then you are supposed to renew it every year. Over a period of time, the quantum of health insurance required goes up, and so does the premium payable. Rising health insurance premium rates further inflate the bill. That makes many look for larger cover at relatively less price. Some end up buying super top-up policies. Of late, many insurance companies are offering restoration benefit that makes many believe that their existing covers are enough to take care of large hospitalisation expenses.Insurance industry officials tell us that these days some first time insurance-buyers typically want to buy policies with restoration benefit and want to settle for a sum-assured they otherwise would have thought inadequate. At the time of renewal, these insurance buyers may end up opting for the renewal of their base health insurance plan and not renew their super top-up insurance plan as … [Read more...] about Restoration benefit: Should you dump your super top-up policies?
Most non-life insurance policies−be it health, personal accident, auto or home−are contracts renewable yearly. Barring a few two- and three-year covers introduced by non-life insurers, most policy holders receive yearly renewal notices for the payment of their premiums to retain their insurance covers. With the advent of technology, it has become a hassle-free act in most cases. All you need to do is to read the text message from your insurer, click on the link given in it, tick the accept term and conditions box and make the payment online. Within a minute or two, the policy document hits your email inbox.Review your renewal notice It is a sacrosanct document, most experts say. It is the base of the contract you are entering into. Do check your name and other details. Check what you are insuring. For example, if you are renewing a personal accident insurance cover, do check the coverage offered for each event−accidental death, total permanent disability and … [Read more...] about Five factors to review before renewing your insurance policy