Connect with us

Business

Profit bookings subdues markets, Sensex down 230 points

Published

9 years ago

on

Mumbai: Profit bookings, coupled with caution over the upcoming quarterly results, subdued investor sentiment and led a barometer index of Indian equities to trade 230 points down during the mid-afternoon trade session on Thursday.

Furthermore, the Indian equity markets, which had rallied for the past six consecutive sessions till Wednesday, receded on the back of uncertainty over the upcoming Bank of England’s rate hike decision expected later in the day.

On Thursday, the wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading in the red. It was down by 62 points or 0.76 percent at 8,115.55 points.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE) which opened at 27,116.86 points, was trading at 26,805.92 points (1.00 p.m.) – 229.93 points or 0.85 percent down from its previous close at 27,035.85 points.

The Sensex has so far touched a high of 27,120.11 points and a low of 26,796.34 points in the intra-day trade.

Analysts said that the markets fell on the back of profit bookings after six consecutive days of rise and were subdued due to investors’ anxiety before the release of second quarter results.

“Profit bookings was witnessed after the six session long rally. Investors were also cautious over the upcoming earnings season – this impacted the markets’ sentiment,” Anand James, co-head, technical research desk with Geojit BNP Paribas Financial Services, told IANS.

On Wednesday, the barometer S&P BSE Sensex had risen by 103 points or 0.38 percent. Wednesday was also the sixth consecutive session of gains for the barometer index.

In total, the index has gained 1,418.97 points since September 29, when the Reserve Bank of India (RBI) announced cuts in key lending rates by 50 basis points.

Related Topics:
Continue Reading

Business

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

Published

3 years ago

on

May 5, 2022

By

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.

Continue Reading

Trending