For more details contact on +91 9898399512
Share Market Live: Sensex, Nifty turn negative; HPCL loses 2.5%, Reliance Industries down 1.12%
The Sensex and Nifty turned negative in afternoon trade today with traders booking profit in banking stocks. While the Sensex fell 80 points to 38,152 level, the Nifty lost 43 points to 11,439. IndusInd Bank (3.91%), YES Bank (4.36%) and HCL Tech (1.28%) were the top Sensex gainers. Top Sensex losers were Sun Pharma (1.73%), PowerGrid (1.65%) and HDFC (1.72%). Of 30 Sensex stocks, 22 were trading in the red.
On Tuesday, the Sensex and Nifty extended morning session gains to close 424 points higher at 38,233 and 129 points higher at 11,483, respectively. Bank Nifty hit all-time high of 30,262 in early trade.
Sebi bars 12 websites for giving fraudulent market tips
Sebi bars 12 websites for giving fraudulent market tips
Markets regulator Securities and Exchange board of India (Sebi) has barred a dozen of websites after receiving complaints from investors that certain investment advisory portals cheated them.
The order contains a list of websites including trade4target.com, niftysureshot.com, mcxbhavishya.com, callput.in, newsbasedtips.com, futuresandoption.com, optiontips.in, commoditytips.in, sharetipslive.com, thepremiumstocks.com, callputoption.in and tradingtipscomplaints.com.
According to Sebi, these advisory firms were engaged in the business of fraudulent investment advisory activity.
In a release, the markets regulator said, “The modus operandi adopted by these noticees shows that they were actually practicing prima facie fraudulent investment advisory activity. From the findings of the examination, it prima facie appears that the noticees were running a premeditated device, plan or scheme where under, the gullible investors would be lured by the unrealistic profit commitments on the websites and then money would be extracted from them in the name of subscription fee and later, the persons operating the websites would vanish.”
Such fraudulent plan, scheme, device were used by the noticees several times through different websites, the release said.
Some of these websites also contained a link over a Sebi logo with the word ‘approved’ below it, which contained the scanned copy of Sebi registration.
With an objective to lure investors, these websites were using terms such as ‘zero loss’, ‘jackpot’, ‘rumour based’, ‘sureshot’, etc. in the names of the packages offered in their websites and promise accuracy between 90-99 per cent.
Markets regulator Securities and Exchange board of India (Sebi) has barred a dozen of websites after receiving complaints from investors that certain investment advisory portals cheated them.
The order contains a list of websites including trade4target.com, niftysureshot.com, mcxbhavishya.com, callput.in, newsbasedtips.com, futuresandoption.com, optiontips.in, commoditytips.in, sharetipslive.com, thepremiumstocks.com, callputoption.in and tradingtipscomplaints.com.
According to Sebi, these advisory firms were engaged in the business of fraudulent investment advisory activity.
In a release, the markets regulator said, “The modus operandi adopted by these noticees shows that they were actually practicing prima facie fraudulent investment advisory activity. From the findings of the examination, it prima facie appears that the noticees were running a premeditated device, plan or scheme where under, the gullible investors would be lured by the unrealistic profit commitments on the websites and then money would be extracted from them in the name of subscription fee and later, the persons operating the websites would vanish.”
Such fraudulent plan, scheme, device were used by the noticees several times through different websites, the release said.
Some of these websites also contained a link over a Sebi logo with the word ‘approved’ below it, which contained the scanned copy of Sebi registration.
The subscription promises investors to get a daily message, tips during live market hours and one-to-one customer support.
11 signs that show you are falling into a debt trap
11 signs that show you are falling into a debt trap
For a large section of people, particularly the salaried class, debt is unavoidable. However, borrowing irresponsibly can land you in trouble. According to an ET Wealth survey, 15% of the respondents have an EMI outgo of more than 50% of their income. The survey was conducted in March and had 2,042 respondents from across the country, age groups and income levels.
Surprisngly, 32% of the respondents with EMIs of more than 50% are senior citizens—people who have fixed incomes. The survey also showed that one out of five respondents have taken loans to repay existing loans in the the past one year. Taking a loan to repay another is a classic indicator of falling into a debt trap.
In this week’s cover story, we explore warning signs that could show whether you are headed towards a debt trap. “Debt is not a bad thing. But you need to plan properly, so that you don’t get into a debt trap,” says Manav Jeet, MD and CEO, Rubique, an online marketplace for financial products.
Sudden events like a job loss, a medical emergency, etc. can force one to borrow beyond one’s repayment capacity, says says Vinod N. Kulkarni, a financial counsellor. “Salaries getting delayed has also become a major factor leading people into debt traps as they try to survive on credit cards,” adds Arun Ramamurthy, Founder, Credit Sudhaar. These sudden shocks can be avoided by maintaining a contingency reserve of around six months’ income and having insurance.
But it is often the slow, gradual slide into a debt trap that can prove more dangerous as it goes unnoticed till the person is neck deep in it. We point out the red flags, so you can take corrective measures, if need be.
For a large section of people, particularly the salaried class, debt is unavoidable. However, borrowing irresponsibly can land you in trouble. According to an ET Wealth survey, 15% of the respondents have an EMI outgo of more than 50% of their income. The survey was conducted in March and had 2,042 respondents from across the country, age groups and income levels.
Surprisngly, 32% of the respondents with EMIs of more than 50% are senior citizens—people who have fixed incomes. The survey also showed that one out of five respondents have taken loans to repay existing loans in the the past one year. Taking a loan to repay another is a classic indicator of falling into a debt trap.
In this week’s cover story, we explore warning signs that could show whether you are headed towards a debt trap. “Debt is not a bad thing. But you need to plan properly, so that you don’t get into a debt trap,” says Manav Jeet, MD and CEO, Rubique, an online marketplace for financial products.
Sudden events like a job loss, a medical emergency, etc. can force one to borrow beyond one’s repayment capacity, says says Vinod N. Kulkarni, a financial counsellor. “Salaries getting delayed has also become a major factor leading people into debt traps as they try to survive on credit cards,” adds Arun Ramamurthy, Founder, Credit Sudhaar. These sudden shocks can be avoided by maintaining a contingency reserve of around six months’ income and having insurance.
But it is often the slow, gradual slide into a debt trap that can prove more dangerous as it goes unnoticed till the person is neck deep in it. We point out the red flags, so you can take corrective measures, if need be.
TAKE YOUR FIRST STEP TOWARDS BUILDING THE LIFE YOU ALWAYS DREAMED OF
PNB FIXED DEPOSITS
PNB FIXED DEPOSITS
ADVANTAGES OF FIXED DEPOSIT
PNB Housing provides safe investment options to various deposit schemes with attractive rate of interest. With over two decades of specialized experience in housing finance, PNB Housing has a robust network of branches spread across the country which help it customers avail financial services (loans and deposits) seamlessly.
Advantages of PNB Housing fixed deposits
CRISIL FAAA / Stable (Highest Safety) & “CARE AAA” by CARE- This rating indicates that the degree of safety regarding timely payment of interest and principal is very strong.
No tax to be deducted at source on interest income upto Rs.5000 per financial year
Loan facility up to 75% of deposit available from all branches of PNB Housing
Premature cancellation allowed after 3 months on the discretion of the company
Nomination facility available as per NHB guidelines
Regular Deposit upto
₹5 crore
|
||||||
Tenure (Months)
|
Cumulative Option* ROI (p.a.)
|
Non-Cumulative Option ROI (p.a.)
|
||||
ROI (p.a.)
|
Tentative yield to maturity
|
Monthly
|
Quarterly
|
Half Yearly
|
Annual
|
|
12 – 23
|
8.30%
|
8.30%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
24 – 35
|
8.30%
|
8.64%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
36 – 47
|
8.40%
|
9.13%
|
8.10%
|
8.15%
|
8.20%
|
8.40%
|
48 – 59
|
8.40%
|
9.52%
|
8.10%
|
8.15%
|
8.20%
|
8.40%
|
60 -71
|
8.45%
|
10.00%
|
8.15%
|
8.20%
|
8.25%
|
8.45%
|
72 – 84
|
8.30%
|
10.23%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
120
|
8.25%
|
12.09%
|
7.95%
|
8.00%
|
8.05%
|
8.25%
|
Special Deposit upto
₹5 crore
|
||||||
Tenure (Months)
|
Cumulative Option* ROI (p.a.)
|
Non-Cumulative Option ROI (p.a.)
|
||||
ROI (p.a.)
|
Tentative yield to maturity
|
Monthly
|
Quarterly
|
Half Yearly
|
Annual
|
|
15
|
8.30%
|
8.42%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
22
|
8.35%
|
8.62%
|
8.05%
|
8.10%
|
8.15%
|
8.35%
|
30
|
8.30%
|
8.84%
|
8.00%
|
8.05%
|
8.10%
|
8.30%
|
44
|
8.45%
|
9.45%
|
8.15%
|
8.20%
|
8.25%
|
8.45%
|
* For cumulative option, interest rate is
compounded annually on March 31st
# The yield mentioned is calculated using the first month of each tenure grid.
# The yield mentioned is calculated using the first month of each tenure grid.
*The above Rates of Interest are subject to
change at the sole discretion of PNB Housing.
For Investment call at - 9974372131 & 9898399512
Dividend Declared
Mutual Funds Update
*Dividend Update:*
Announcing Dividend *58.50%* under the periodic option in *Tata Hybrid Equity Fund*
Dividend: Rs. 5.85 per unit,
Record Date: 15th March 2019
