IPO heavy week on D-Street: Factors to consider while applying
November 20th, 2023 16:27
To apply for an IPO, you need to have a demat (dematerialised) account with a depository participant. A demat account to hold shares is paperless and can be opened online with a broker of your choice. Once this is done, there are two ways in which you can apply for an IPO.
Sensex drops 140 points as losses in auto, metal, FMCG stocks weigh
November 20th, 2023 16:27
Out of 15 Nifty sectoral indices, 10 closed in the red and four in the green while one remained unchanged. The top losers were Nifty Auto, Nifty FMCG and Nifty Metal which fell between 0.76% and 0.38%. The top performer was Nifty IT which maintained its previous week’s winning run and closed with gains of 0.60%. Nifty Pharma, Nifty PSU Bank and Nifty Healthcare Index closed with small gains amid action in selective stocks.
Rupee matches record closing low as dollar bids persist
November 20th, 2023 16:27
The rupee ended at 83.34 against the U.S. dollar, down 0.08% from its close of 83.27 on Friday. The currency had previously closed at this level on Nov. 10, the same day it fell to a record low of 83.42.
How to buy the right insurance from an agent or a broker? How to avoid mis-selling? Sharad Bajaj answers
November 20th, 2023 16:27
“If somebody's annualized income is Rs 10 lakh. Now from a term insurance perspective, you can typically buy up to 20 times your annual income or that is what the suggested coverage is. If your annual income is Rs 10 lakh and the agent is suggesting that you buy a term insurance only of Rs 25 lakh, then that is a red flag because if anything were to happen to that individual, would Rs 25 lakh of corpus be sufficient for the family to survive post an event?”
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