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Equity markets plunge on lower guidance, US rate hike fears

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8 years ago

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equiMumbai :  Lower earnings guidance from IT majors, along with heightened chances of a US rate hike and negative global crude oil prices dragged the Indian equity markets lower during the mid-afternoon trade session on Monday.

Besides, broadly negative Asian markets, hike in petroleum product prices and a massive outflow of foreign funds during the entire last week eroded investors’ confidence.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) traded lower by 49.65 points or 0.58 per cent to 8,533.75 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,776.14 points, traded at 27,583.24 points (at 2.00 p.m.) — down by 90.36 points or 0.33 per cent from the previous close at 27,673.60 points.

The Sensex touched a high of 27,803.21 points and a low of 27,517.18 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bears — with 1,410 declines and 1,243 advances.

On October 14, both the key Indian indices had managed to pare some of their losses to close on a flat-to-positive note on the back of positive inflation macro-data points and value buying.

The barometer index had risen slightly by 30.49 points or 0.11 per cent to 27,673.60 points, while the NSE Nifty inched up by 10.05 points or 0.12 per cent to 8,583.40 points.

According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls: “IT, banking and pharma stocks traded lower on selling pressure.

“However, oil-gas, textile and aviation stocks traded firm on buying support while media-entertainment, power and FMCG stocks traded with mix sentiments on short covering.”

Firm “USD/INR” futures prices also pressurised the Nifty’s price movement, Desai added.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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