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Value buying, rupee appreciation lift equity markets

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8 years ago

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equiMumbai : Value buying, along with a strengthened rupee and positive global cues, pushed the Indian equity markets higher during the mid-afternoon trade session on Wednesday.

The two key indices gained over half a per cent each, as healthy buying was witnessed in banking, consumer durables and automobile stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged higher by 56.90 points or 0.70 per cent to 8,199.05 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,441.02 points, traded at 26,561.35 points (2.15 p.m.) — up 167.34 points or 0.63 per cent from the previous close at 26,394.01 points.

The Sensex has touched a high of 26,577.75 points and a low of 26,395.50 points during the intra-day trade so far.

The BSE market breadth was skewed in favour of the bulls — with 1,643 advances and 818 declines.

“Rupee appreciation, as well as broadly positive global markets and value buying at lower levels lifted the Indian equity markets,” Astha Jain, Senior Research Analyst at Hem Securities, told IANS.

“However, some cautiousness on account of the upcoming domestic macro-economic data points such as GDP, fiscal deficit and eight core industrial (ECI) was also witnessed.”

According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the CNX Nifty traded firm due to short covering and buying support.

“Banking stocks traded firm, while pharma stocks traded with mix sentiments. Auto, oil-gas, textile, FMCG, cement and power stocks traded with firm sentiments due to buying support,” Desai said.

“Bearish USD/INR futures prices supported recovery in Nifty, however, selling pressure at higher levels is expected to bring-in volatility during the second half of the session.”

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

Published

3 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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