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Lower chances of US rate hike boost markets; Sensex up 112 points

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9 years ago

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Mumbai: Lower chances of a US rate hike this month cheered investor sentiments and propelled a barometer index of the Indian equity markets to a gain of 112 points or 0.42 percent during the post-noon trade session on Friday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the green. It was up 30.85 points or 0.38 percent at 8,160.20 points.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE), which opened at 26,974.92 points, was trading at 26,957.58 points (1.15 p.m.) — 111.77 points or 0.42 percent up from its previous close at 26,845.81 points.

The Sensex had so far touched a high of 27,200.44 points and a low of 26,957.22 points in the intra-day trade.

The Sensex made intra-day gains a session after profit booking, coupled with weak global cues and caution over the upcoming quarterly results arrested its six-day upward streak.

The Indian equities’ barometer index closed 190 points or 0.70 percent down on Thursday.

Analysts said the markets made intra-day gains on the back of dovish FOMC (Federal Open Market Committee) minutes. The US Fed’s FOMC minutes which were released on Thursday indicated lower chances of a rate hike in October.

The FOMC minutes were of the September 16 meeting in which the US Fed decided not to hike lending rates.

The US Fed is slated to conduct its FOMC meet on October 27-28.

The FOMC minutes assumes significance as higher interest rates in the US are expected to lead away FPIs (Foreign Portfolio Investors) from emerging markets such as India.

“The markets rose on the back of dovish FOMC minutes which lowered the chances of an October rate hike there,” Anand James, co-head, technical research desk with Geojit BNP Paribas Financial Services, told IANS.

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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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