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?
Among the components of the S&P BSE Energy index, Aegis Logistics Ltd (up 3.71%), Goa Carbon Ltd (up 2.43%), Reliance Industries Ltd (up 2.12%), Confidence Petroleum India Ltd (up 1.28%), Gujarat Mineral Development Corporation Ltd (up 1.15%), were the top gainers. Among the other gainers were Castrol India Ltd (up 0.96%), Bharat Petroleum Corporation Ltd (up 0.87%), Oil India Ltd (up 0.79%), Gulf Oil Lubricants India Ltd (up 0.72%), and Mangalore Refinery And Petrochemicals Ltd (up 0.72%).
On the other hand, Gujarat Gas Ltd (down 1.29%), Indian Oil Corporation Ltd (down 0.62%), and Oil & Natural Gas Corpn Ltd (down 0.45%) moved lower.
At 09:48 IST, the S&P BSE Sensex was up 183.11 or 0.36% at 51492.5.
The Nifty 50 index was up 30.7 points or 0.2% at 15137.2.
The S&P BSE Small-Cap index was up 131.61 points or 0.68% at 19551.68.
The S&P BSE 150 Midcap Index index was up 20.01 points or 0.3% at 6605.69.
On BSE,1426 shares were trading in the green, 738 were trading in red and 99 were unchanged.
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