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At the close of market hours, the Sensex ended up 550.92 points or 1.63% at 34,442.05, while the Nifty was higher by 188.20 points or 1.85% at 10,386.60. Market at Close Wednesday’s session has ended on a strong note, with the Sensex soaring over 500 points, while the Nifty closed above 10,350-mark. A strong surge in financials along with IT names were responsible for pushing the indices higher.  Pharmaceuticals joined the bandwagon as well and a combination of all these factors boosted the market.  Automobiles, consumption, infrastructure, and PSU banks were the other big gainers. In the broader markets, the Nifty Midcap index rose around 2 percent.  At the close of market hours, the Sensex ended up 550.92 points or 1.63% at 34,442.05, while the Nifty was higher by 188.20 points or 1.85% at 10,386.60. The market breadth is positive as 1,593 shares advanced, 946 shares declined, while 1,114 shares were unchanged. For more related news Follow Market Captain

Sensex up 201 points to 33550 and Nifty rises 48 points to 10078 levels. The rise in the rupee and the rapid rise in the Asian markets on Monday led to the start of the domestic market. Sensex open at a level of 33,550 with a jump of 201 points. On the other hand, the Nifty rose 48 points to 10,078 levels.  After the start of the market, the market has lost a little edge. ICICI Bank has registered an increase of 5%, Yes Bank by 2%. On the NSE, the sectoral indices have been trading with the increase in auto, pharma, PSU bank. However, there is a fall in IT, Realty and FMCG. Midcap-Smallcap stocks rally Even in mid-caps and small-caps, shares are available to buy. The BSE mid-cap index has gained 0.50 per cent, while the Nifty Midcap 100 Index has gained 0.52 per cent. BSE's Smallcap index rose by 0.48 percent.   What stocks fall, boom in During the business, ICICI Bank, RIL, Maruti, ITC, SBI, Sun Pharma, Axis Bank, Yes Bank, Infosys have increased. The

Coming as a relief in the back of continual hikes, fuel prices witnessed a downward trend on Saturday.  Petrol prices in the national capital were reduced by 40 paise to Rs 80.45, while diesel saw a reduction of 35 paise to fall to Rs 74.38.  In Mumbai, petrol prices saw a cut down of 40 paise to now be selling at Rs 85.93, while diesel prices fell to Rs 77.96 after a reduction of 37 paise.  In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had, on October 4, announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre. You can also follow Market captains for Indian stock market recommendations news .  

Going forward, greater vigilance is required, especially on the policy front, to ensure that if the global environment takes a turn for the worse, the Indian economy can withstand that shock. The International Monetary Fund’s latest review of the global economy and financial stability paints a rather somber picture of the future. The World Economic Outlook maintains that expansion seen since mid-2016 would continue this year and the next, but also warns of growth becoming less balanced and rising downside risks.  The global economy is expected to clock 3.7 percent growth in 2018 and 2019, which itself is little lower than the IMF’s April assessment. Rising trade tensions, reversal of capital flows from emerging markets, tightening financial conditions led by the US Federal Reserve and overall policy uncertainty are key risks. The Global Financial Stability Report (GSFR) further cautions about heightened near term risks to financial stability on worsening external financ

Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran. Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran. Brent crude futures fell 4.3 percent, or $3.39, to settle at $76.44 a barrel after plunging 5 percent to $75.88, the lowest since Sept. 7. U.S.  crude ended the session at $66.43 a barrel, down $2.93, after falling 5.2 percent to a session low of $65.74, the lowest level since Aug. 20. If U.S. crude drops below $65, a psychologically important figure, that could trigger further technical selling, traders said. Both contracts notched the biggest

Oil prices dipped on Tuesday after Saudi Arabia pledged to play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to US sanctions against Iran's crude exports that start next month. Front-month Brent crude oil futures were at $79.62 a barrel at 0427 GMT, down 21 cents, or 0.3 percent, from their last close. US West Texas Intermediate (WTI) crude futures were at $69.26 a barrel, dropping 10 cents from their last settlement. US sanctions against Iran's oil exports are due to kick off on November 4. Top crude oil exporter Saudi Arabia has pledged to keep markets supplied despite its increasing isolation over the killing of Saudi journalist Jamal Khashoggi. There has been concern that just as markets tighten with the start of the US sanctions against Iran, Saudi Arabia could cut crude supply in retaliation for potential sanctions against it over the Khashoggi killing. Trying to dismiss such worries, Saudi Energy

Nomination is nothing but to ensure that in case of the demise, the insurance money gets out of the insurance company and goes to someone you trust. Who can be a nominee Ideally a person who has insurable interest on the life of the insured person, should be a nominee. That means A may be a nominee in B’s insurance policy, if A’s financial well being depends upon the survival of B. In other words, in case B’s demise causes financial loss to A, then A may be a nominee in B’s insurance policy. Based on this principle, nominees in life insurance are categorized into different classes. For example , mother, wife and children come in the first category of nominees; father and husband come in the second category; siblings in the third category etc, depending upon the degree of financial dependency. If you nominate a person who doesn’t fall in such categories, he or she may not get the benefit in case of any eventuality. Role of a nominee According to the law, a nominee

Mills in Uttar Pradesh, however, are waiting for the cane to mature and hope to start crushing around Diwali. Amid uncertainty over cane farmers’ advance payments, dozens of sugar mills in Maharashtra are set to commence crushing for the current season (October 1, 2018 to September 30, 2019) on Saturday. Mills in Uttar Pradesh, however, are waiting for the cane to mature and hope to start crushing around Diwali. With this, sugar mills will delay commencement of their crushing operations by three weeks in Maharashtra and by over six weeks in Uttar Pradesh despite estimates of an all-time high cane crop output in the current season.  According to the First Advanced Estimate, India’s sugarcane output is estimated around 384 million tonnes for 2018-19 compared to 377 million tonnes in the previous year. Surprisingly, unlike the past few years of cane glut, neither the Maharashtra nor Uttar Pradesh governments encouraged sugar mills to commen

At the Multi Commodity Exchange, lead for delivery in the current month traded higher by five paise, or 0.03 per cent, to Rs 150.95 per kg in a business turnover of 2,029 lots. Supported by pick up in demand at the domestic spot markets, lead futures traded a shade higher at Rs 150.95 per kg on Wednesday as speculators enlarged positions. At the Multi Commodity Exchange, lead for delivery in the current month traded higher by five paise, or 0.03 per cent, to Rs 150.95 per kg in a business turnover of 2,029 lots. Market analysts said strong demand from battery-makers in spot market mainly influenced lead futures. More related news follow Market captain

To arrive at a proper asset allocation while building an investment portfolio, you should always draw a holistic financial plan for yourself first. Building a portfolio is like playing long innings in test cricket. You need to apply an asset allocation strategy over a long term period, which needs to be restructured from time to time as per your increasing age through financial planning approach. Liabilities Understand your liabilities, arrive at the overall needs which one has, quantify these needs as of today’s value which gives a sense of how much wealth is required to be financially independent.  Assets Assets are described in financial planning as your holdings which can help you make wealth over a long time period. The more assets you have and the lesser the liabilities, the greater will be your net worth. So, you should keep on increasing your physical and financial asset as required in your financial plan. Cash Flows Liquidity is always needed a

Though the fund has done well over past five years, the investors must be prepared to tolerate short-term under performance in case there is a sudden rally that overlooks fundamentals . Investment strategy The scheme has invested in a concentrated portfolio of around 25 stocks. The stocks are picked up on a bottom-up basis. The fund manager identifies investment opportunities that would deliver over a five-year time frame. “We don’t put much emphasis on the macro environment and the associated factors since they are not predictable and not within anyone’s control.  Should you invest now? The scheme’s portfolio has cut its net exposure to Indian stocks over past two years. Compared to 62 percent in September 2016, it came down to 55 percent in September 2017 and to 45 percent now, in line with rising valuations of quality companies. High cash levels and exposure to overseas stocks have helped the fund to weather recent sharp correction in Indian stocks. If