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Profit booking, US rate hike fear subdue equity markets

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9 years ago

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equityMumbai: Profit booking, coupled with heightened chances of a US rate hike and a weak rupee dragged the Indian equity markets lower on Monday.

Consequently, the barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally closed the day’s trade deep in the red. It plunged by 334 points or 1.32 percent.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) receded into the negative territory. It declined by 85.05 points or 1.10 percent, at 7,631.45 points.

The Sensex, which opened at 25,417.11 points, provisionally closed at 25,003.23 points (at 3.30 p.m.) — down 334.33 points or 1.32 percent from the previous day’s close at 25,337.56 points.

During the intra-day trade, the Sensex touched a high of 25,432.94 points and a low of 24,895.49 points.

The BSE market breadth favoured the bears — with 1,923 declines and 764 advances.

The barometer index had closed the last trade session flat on March 23.

The Indian equity markets were closed from March 24-25, on account of Holi and Good Friday.

On Monday’s trade, market analysts pointed out that profit booking dragged the equity markets lower.

In addition, investors were hesitant to chase prices due to the heightened chances of a US rate hike next month. Recent US economic growth data have increased chances of a rate hike.

A hike in the US interest rates is expected to lead away Foreign Portfolio Investors (FPIs) from emerging markets such as India.

Besides, a weak rupee and unwinding of long positions ahead of the derivatives expiry and the financial year end dampened sentiments.

The rupee opened at 66.85-86 to a US dollar from its previous close of 66.62-63 to a greenback.

 

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

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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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