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Indian equity indices tank ahead of monetary policy update

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9 years ago

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Mumbai: Ahead of the monetary policy update for this fiscal, wherein expectations are high over an interest rate cut, key Indian equity indices opened sharply lower on Tuesday as sentiments continued to be ruled by the weak global cues, notably in other Asian markets.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 25,496.38 points against the previous day’s close at 25,616.84 points. Minutes thereafter, it was quoting at 25,357.09 points, with a loss of 259.75 points, or 1.01 percent.

At the National Stock Exchange (NSE), the broader Nifty was ruling at 7,717.75 points with a loss of 77.95 points, or 1.0 percent. Both the Sensex and the Nifty had tanked nearly 0.95 percent each on Monday.

The markets were keenly awaiting Reserve Bank of India Governor Raghuram Rajan to announce the monetary policy update at 11 a.m., with a decent cut in interest rates, and give a feel about what the central bank thinks about the state of the global Indian economy.

“The central bank is expected to cut its key repo rate by at least 25 basis points but investors’ focus would be on the tone of the central bank at a time when both the whole sale price index and retail inflation are falling,” Angel Broking said in a pre-market analysis.

Key Asian indices were also ruling at 42-month lows due to sharp falls in Wall Street and European markets.

“The US markets ended in negative (on Monday) led by weak economic cues out of China which once again raised concerns about the health of the global economy,” Angel Broking said. “China’s industrial profits declined in August as product prices continued to decrease.”

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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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