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Indian equities open in green again on rate cuts, global cues

Published

9 years ago

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Mumbai: The momentum generated by Reserve Bank of India Governor Raghuram Rajan by lowering interest rates by high-then-expected 50 basis points, appeared to be having a positive impact for the third successive day on Indian market indices, that again opened in the green.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 26,344.19 points and some half-hour into trading, it was ruling at 26,369.63 points with a gain of 214.80 points or 0.82 percent over the previous day’s close at 26154.83 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading higher at 7,995.35 points, with a gain of 46.45 points or 0.58 percent.

The mood on Thursday was also on account of commercial banks deciding to lower their base interest rates after the central bank on Tuesday cut its own lending rate by as much as 50 basis points, as opposed to the market expectation for 25 basis points.

Analysts at Angel Broking, in a pre-open report said, Indian shares have been rising for the past couple of days due to the with a dovish outlook of India’s central bank, a firming trend of the rupee and positive global cues.

“News that India has surpassed the US and China as the biggest foreign direct investment (FDI) destination in the first half of 2015 and major improvement in India’s ranking in this year’s Global Competitiveness Index also raised hopes that the economy will likely expand faster.”

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

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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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