stock market

Sensex hits record high, then drops 250 points to close at 30,464.92

The Goods and Services Tax announcement brought cheer to the FMCG sector.

The Sensex closed on Friday at 30,464.92, up by 30.13 points, while the Nifty50 ended the day at 9,427.90, down by 1.55 points. The market recovered ground lost on Thursday with Finance Minister Arun Jaitley announcing the tax rates for most items under the new Goods and Services Tax regime, which is expected to come into force from July.

The benchmark Sensex rose to a fresh lifetime high of 30,712 in late morning trade on Friday. The BSE Mid-Cap index was up 0.56% while the Small-Cap index rose 0.89%. The major gainers of the day were ITC (5.02%), Hindustan Unilever (2.38%), State Bank of India (1.83%), Bharti Airtel (1.66%), Power Grid (1.51%), Axis Bank (1.47%), Coal India (1.46%) and NTPC (1.17%).

The markets were cheered by the government finalising the rates of 1,200 products. The Fast-Moving Consumer Goods sector got a lot of relief after tax on items such as hair oil and soap was reduced from 22-24% to 18%. The Sensex surged by as much as 0.9%, while the Nifty recorded a high of 4.4%. Following the jump in these stocks, the BSE FMCG index was trading 2.56% higher at 9,693.49 during the late morning trade.

However, market analysts warned of a temporary dampener if the political situation in the United States, where President Donald Trump is in the line of fire for alleged ties with Russia, took a turn for the worse.

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Sponsored Content BY 

Advice from an ex-robber on how to keep your home safe

Tips on a more hands-on approach of keeping your house secure.

Home, a space that is entirely ours, holds together our entire world. Where our children grow-up, parents grow old and we collect a lifetime of memories, home is a feeling as much as it’s a place. So, what do you do when your home is eyed by miscreants who prowl the neighbourhood night and day, plotting to break in? Here are a few pre-emptive measures you can take to make your home safe from burglars:

1. Get inside the mind of a burglar

Before I break the lock of a home, first I bolt the doors of the neighbouring homes. So that, even if someone hears some noise, they can’t come to help.

— Som Pashar, committed nearly 100 robberies.

Burglars study the neighbourhood to keep a check on the ins and outs of residents and target homes that can be easily accessed. Understanding how the mind of a burglar works might give insights that can be used to ward off such danger. For instance, burglars judge a house by its front doors. A house with a sturdy door, secured by an alarm system or an intimidating lock, doesn’t end up on the burglar’s target list. Upgrade the locks on your doors to the latest technology to leave a strong impression.

Here are the videos of 3 reformed robbers talking about their modus operandi and what discouraged them from robbing a house, to give you some ideas on reinforcing your home.

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2. Survey your house from inside out to scout out weaknesses

Whether it’s a dodgy back door, a misaligned window in your parent’s room or the easily accessible balcony of your kid’s room, identify signs of weakness in your home and fix them. Any sign of neglect can give burglars the idea that the house can be easily robbed because of lax internal security.

3. Think like Kevin McCallister from Home Alone

You don’t need to plant intricate booby traps like the ones in the Home Alone movies, but try to stay one step ahead of thieves. Keep your car keys on your bed-stand in the night so that you can activate the car alarm in case of unwanted visitors. When out on a vacation, convince the burglars that the house is not empty by using smart light bulbs that can be remotely controlled and switched on at night. Make sure that your newspapers don’t pile up in front of the main-door (a clear indication that the house is empty).

4. Protect your home from the outside

Collaborate with your neighbours to increase the lighting around your house and on the street – a well-lit neighbourhood makes it difficult for burglars to get-away, deterring them from targeting the area. Make sure that the police verification of your hired help is done and that he/she is trustworthy.

While many of us take home security for granted, it’s important to be proactive to eliminate even the slight chance of a robbery. As the above videos show, robbers come up with ingenious ways to break in to homes. So, take their advice and invest in a good set of locks to protect your doors. Godrej Locks offer a range of innovative locks that are un-pickable and un-duplicable. To secure your house, see here.

The article was produced by the Scroll marketing team on behalf of Godrej Locks and not by the Scroll editorial team.