What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 45 points at the opening bell. Overseas, Asian stocks are trading mixed on Friday, following overnight losses on Wall Street. The Bank of Japan is due to announce its monetary policy decision today. U.S. stocks slid on Thursday as weakness among large tech stocks dragged down major market averages. Here are two money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Rajesh Palviya of Axis Securities
Infosys | Buy | Stop loss: Rs 1745 | Price target: Rs 1830-1845
Dhampur Sugar| Buy | Stop loss: Rs 303 | Price target: Rs 335
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