Indian markets ended the week on a high as bulls enjoyed another spectacular session on Dalal Street. BSE Sensex and Nifty extended gains to third straight trading session led by the Oil & Gas and the Steel stocks. In addition better than expected GDP data also lifted the sentiment.

GDP grew 5.8% in Jan-March quarter beating market expectation of 5%. The sectors which registered significant growth rates in Q4 of FY09 over Q4 of FY08 are construction at 6.8%, `trade, hotels, transport and communication` at 6.3%, `financing, insurance, real estate and business services` at 9.5%, and `community, social and personal services` at 12.5%.

Refinery stocks hogged limelight after the Petroleum Minister Murli Deora said that he will be seeking cabinet approval for deregulating fuel prices from the government in the next six weeks. The government also plans to launch oil & gas auctions and tax breaks for gas production will be discussed as well, he added.

Steel stocks were in demand as the Government announced that it may impose additional tax on cheap imports of steel, said steel minister Virbhadra Singh. The move is aimed towards accelerating the completion of steel projects and increase consumption of steel in the country.

The Sensex surged 329 points or 2.3% to close at 14,625 after touching a high of 14,727 and a low of 14,320. The index had opened at 14,319 against the previous close of 14,296.

The NSE Nifty gained 142 points or 3.2% to shut shop at 4,479.

Among the BSE Sectoral indices BSE Realty index was the top gainer surging 7%, followed by the BSE Capital Goods index up 4%, BSE Consumer Durable index up 3.8%, BSE PSU index up 3.3% and BSE Oil & Gas index up 3%.

The BSE Mid-Cap index was up 2.3% and BSE Small-Cap index added 2.8%.

In the Sensex, DLF, JP Associates, ACC, Tata Steel, TCS, ONGC, L&T, M&M, NTPC, Wipro and Hindalco ended in the green today. However, among the major losers were Sun Pharma, Grasim, Tata Power, Reliance Infra, HDFC and Tata Motors.

Outside the frontline indices, the top gainers included Exide Industries, IVRCL Infra, Nagarjuna Const, Financial Technology, Ashok Leyland and Punj Lloyd.

Among the big losers in the broader market were Tata Comm, Essar Oil, Bharat Forge, Zee Ent, Spice Tele, HCL Tech and Glenmark.

British Airways has announced falling profits due to fuel hedge contracts they are locked into until late 2009. Usually such long-term contracts for energy are a lifesaver for air transportation companies. But when fuel prices plummeted a few months ago those companies not locked into higher rates were able to lower fares and hence be more competitive. Oddly this is in great contrast to fixed price energy tariffs arranged by consumers. When the average UK energy buyer locks in a deal for fixed price energy lasting up to three years they have built in de-escalation of energy prices as well. This means that electricity prices that are hedged through set contracts for individuals still fall with lower demand. Should prices once again rise, the upper cap is still well capped and protected. Still before one agrees to any deal on energy they should compare energy prices using an energy price checking tool. A fine one of these is available at no cost at Energychoices.co.uk. Energy Choices is the leading consumer energy cost saving web site in the UK and with good reason. All of the information and helpful tools on the site are available to the public totally free of charge

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For teenagers , learning how to drive and getting their driver’s licenses is truly a milestone in their lives. Parents, however, may not be as happy upon knowing how much their automotive insurance premiums will rise once a young driver is placed under their coverage . Years worth of highway data shows that teenagers have the highest risk of getting into vehicular accidents, of causing significant property damages during a collision, and a greater chance of getting arrested for DUI (Driving Under the Influence).

In fact, the risk is so great that everyone providing automotive insurance for teenagers can expect their premiums to become two to three times bigger . However, that doesn’t mean parents are stuck having to shell out a lot of money on car insurance. Here are seven highly recommended ways to help lower the costs of automotive insurance with teenagers :

1. Sign them up for a state recognized defensive driving class. Not only will they learn the skills to effectively avoid accidents, your policy will also become eligible for defensive driving discounts. In fact, have everyone in the family who drives signed-up for this sort of class, if they haven’t done so yet.

2. Let them drive an cheaper vehicle . These costs significantly less to insure compared to more contemporary models, and are at risk to car thieves and vandalism, which means cheaper premiums.

3. Look for a automotive insurance provider that specializes in teenage drivers. You would have better chances of getting better priced rates with someone who focuses on young driver car insurance as compared to the general insurance providers .

4. Teach your teenagers about the long-term benefits of a excellent driving history to saving money. Start them young. A excellent driving record is one of the most effective ways to enjoy inexpensive automotive insurance for many years to come.

5. Become eligible to get a good student discount added on your policy. Your teens would only need to sustain an average grade of B or better in school to become eligible for this sort discount, which can be up to 10% in some states.