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New Delhi:  The BSE benchmark Sensex Monday dropped over 200 points tracking weakness in other Asian markets amid heavy selling by foreign investors. Market sentiment also turned cautious ahead of the release of key macroeconomic data. The 30-share index fell 219 points 35,790.81 in early trade. Similarly, the NSE Nifty shed 67 points to 10,727. According to analysts, this week, stock market movement will be driven by announcement of macroeconomic data points and quarterly earnings by various companies, including bluechips RIL and Wipro. The government is scheduled to release consumer price index (CPI) data later in the day. Market would also continue taking cues from the movement of rupee, crude oil and investment trend by foreign investors, traders said. Sensex falls over 200 points; TCS, ITC drag On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 687.20 crore on Friday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 123.17 crore

Mumbai:  The benchmark BSE Sensex rose over 65 points in early trade Friday following value-based buying in auto, oil & gas, and metal sectors amid positive trend at other Asian markets and rising rupee. The 30-share index was trading 68.58 points, or 0.19%, higher at 36,175.08. The gauge opened on a positive note and touched a high of 36,214.26 in morning trade. The NSE Nifty too witnessed similar movement, and was trading 17.65 points, or 0.16%, up at 10,839.25. Sensex, Nifty struggle; TCS, Bharti Airtel among top losers On Thursday, the Sensex settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader NSE Nifty fell 33.55 points, or 0.31%, to finish at 10,821.60. Top gainers at the BSE include HDFC, ONGC, ITC, Sun Pharma, HDFC Bank, Reliance, Asian Paints, HUL and Tata Steel. Top losers included TCS, Bharti Airtel, HCL Tech, M&M, L&T, Indusind Bank and Powergrid. TCS fell 2.21% to Rs 1,846.50 after it reported 24.1 per cent growth in net profit at Rs

I started 2018 with a certain portfolio size. After investing an additional amount, the portfolio is still at its original size. Why don’t you reshuffle my portfolio, so it performs better? What do you think will happen to the market after the elections? Will it fall further? Why are we not taking proactive steps to move my portfolio to safer assets? Opinion | Why you should not worry about elections The above are some of the common refrains I have heard from my clients over the last few months. My client base comprises mostly of salaried individuals, working in knowledge sector organisations. They are used to managing large projects and taking pre-emptive actions when things don’t go according to plan. These intelligent people find it difficult to understand why I ask them to sit tight and advocate patience as their biggest ally during volatile markets. At $2.5 trillion, India is one of the top five global economies of the world. As a fast and secularly growing economy, the linkages

The Sensex and Nifty opened higher in trade today supported by a rally in Asian markets amid reports that trade talks between US and China could be extended to a third day.  While the Sensex opened 200 points higher at 36,181, the Nifty gained 63 points to 10,865 in early trade. Of 30 Sensex stocks, 26 were trading in the green. Sensex rises 200 points, Nifty crosses 10,850; Infosys, Axis Bank, Tata Motors top gainers Infosys (2.84%), Axis Bank (1.52%), Tata Motors (1.25%) and Maruti (1.22%) were the top Sensex gainers. Top Sensex losers were Tata Steel (0.40%), IndusInd Bank (0.39%), and YES Bank (0.52%). On Tuesday, the BSE Sensex closed up 130.77 points at 35,980.93, while the NSE Nifty settled 30.35 points higher at 10,802.15. Meanwhile, the mid cap and small cap indices were trading 58.70 points and 50.49 points higher in early trade. Market breadth was negative with 914 stocks trading higher compared to 1381 falling on the BSE. IT and auto stocks led the gains with their respect

Mumbai:  Real estate developers in 2018 shook off the previous year’s lethargy with 76% higher home launches, even as sales grew at a more sedate 6%, as a cash crunch in the latter part of the year crimped a sustained recovery. NBFC crisis batters realty, home sales grow just 6% in 2018 The surge in home launches—1,82,207 units across eight cites including Mumbai, Bengaluru and the National Capital Region (NCR)—came after a slump in 2017 when the sector struggled under the impact of demonetisation and a tough real estate law, according to the half-yearly  India Real Estate  report by property consultancy firm Knight Frank India. Around 60% of homes launched in 2018 were priced below ₹50 lakh, Knight Frank said. In new launches, Mumbai saw the sharpest growth of 220%, followed by Pune (157%), which Knight Frank attributed to successful implementation of the real estate law in both these cities and the Supreme Court allowing resumption of construction in Mumbai, overturning a Bombay hig

Most of us don’t have a crystal ball to peep into the future, so it’s imperative that we set aside four-six months’ expenses to tide over circumstances which may happen outside our plan or expectations and, it has to be done when things look normal. We have seen ants collect extra food for the rainy days when they may not be able to step out to fetch food. How to create an emergency fund using mutual funds Emergency funds are alternatively referred to as ‘contingency funds’ or ‘rainy day money’. It is that money which prevents our goal-based planning from getting derailed or defaulted on EMIs or not being able to honour my investment instalments, or not being able to meet my routine expenses. It works towards ensuring that you don’t need to borrow money from friends or parents or take a personal loan. It could be a sudden loss of job or getting bed-ridden owing to some illness or accident or personal issues in the family and not being able to bring-in new clients, thereby restricting

ICICI Bank and Small Business FinCredit will jointly provide loans worth up to Rs 1 crore to the small and medium enterprises. ICICI Bank on Friday said it has singed a memorandum of understanding with Small Business FinCredit India Pvt Ltd (SBFC) to jointly provide credit to micro, small and medium enterprises (MSMEs). ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEs The partnership has been forged under the aegis of RBI’s circular dated September 21, 2018, that permits banks to engage with a non-banking financial company (NBFC) to co-originate loans for the creation of priority sector assets, the bank said. It is the first-of-its-kind programme by a bank and an NBFC, it said, adding the loans of up to Rs 1 crore is for a tenure of 15 years per customer. Under this arrangement, ICICI Bank will co-originate loan against property with SBFC at a mutually agreed ratio. The flow of funds from ICICI Bank will help customers aid their businesses in a seamless manner