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Most sectoral indices on the NSE closed in the red. IT and FMCG stocks led the rally, while metals, banks and financials were under pressure.
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Large-caps are now leading the rally and broader markets are seeing profit booking
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Booster STP is linked to market movements. The investor fixes a base amount, with respect to the markets, the investor will get 1/5 times the amount.
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Money9 Helpline hosted the Hum Fauji initiative's CEO, Col Sanjeev Govila to discuss the significance of financial planning for defence officers.
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Markets are showing signs of a bigger correction as there is no strength in the broader markets
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BSE Sensex rallied 145.29 points or 0.26% to a new closing high of 55,582.58. It also hit a record intra-day high of 55,680.75.
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Sectoral rotation is clearly taking place. Today it is the energy and FMCG index pushing markets higher.
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One can open a pension account in the National Pension System (NPS) with just Rs 1000.
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The basic exemption limit of income tax is for an income of 2.5 lakh, which means no tax is cut if you are earning up to Rs 2.5 lakh.
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The structure of markets is bullish, Nifty looks set to hit 16,800 and the downside looks capped