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The broader 50-share index Nifty rallied over 1 per cent to reclaim its psychological level of 5,450 and the S&P BSE Sensex rebounded and rallied over 200 points from lows after slipping over 100 points, led by gains in IT, consumer durable, banking and FMCG stocks. There was a recovery in rupee after experiencing a record low of 68.85 on Wednesday after falling around 20 percent since May.

We expect base metal prices to trade on the positive note on the back of strong US data, which was higher than expectation. Copper prices are expected to move up as strong global economic recovery and supply concerns over strike threats at mines are likely to push prices higher.

Crude Oil prices fell in Asian trade on Friday as fears eased of an imminent Western military strike against Syria for its alleged use of chemical weapons. Although Syria is not a major oil producer, traders are nervous about a broader conflict in the crude-rich West Asian region, including neighbouring Iraq, which is becoming a major exporter. Syria borders Iraq and is near Iran, countries that together hold almost a fifth of the output capacity from the Organization of Petroleum Exporting Countries.

Gold prices traded l

Investors should make investments in mutual funds with a timeline of 12 months to 18 months to beat volatility, according to a piece of advice from Reliance Mutual Fund.

Amit Tripathi, head of fixed income at private sector mutual fund, said investors should make sure that they have a horizon of at least one year in the short-term income funds; while they must stay invested for at least 18 months in the long-term.

New Delhi, Aug 31 : Prime Minister Manmohan Singh Saturday discussed issues of mutual interest with Bhutanese Prime Minister Tshering Tobgay here.

The meeting, also attended by External Affairs Minister Salman Khurshid, held at the official residence of the prime minister.

Prior to the official meeting, the prime minister welcomed the Tobgay and the delegation accompanying him.

This is the first foreign visit by Tobgay after he become the prime minister of the Himalayan nation following the victory of his People's democratic Party in the second national election held in July.