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Equity markets rise on positive global cues, value buying

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Equity-Market-2Mumbai :  Indian equity markets on Wednesday were lifted by positive global cues and value buying.

Both the key indices traded in the green during the mid-afternoon trade session, as healthy buying was witnessed in stocks of automobile, consumer durables and capital goods.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up 30.10 points or 0.34 per cent, to 8,806 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,554.38 points, traded at 28,620.15 points (at 1.30 p.m.) — up 96.95 points or 0.34 per cent from the previous close at 28,523.20 points.

The Sensex has so far touched a high of 28,620.15 points and a low of 28,529.93 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 1,584 advances and 958 declines.

On Tuesday, the benchmark indices had ended in the red due to caution ahead of major global financial events and profit-booking.

The barometer index had slipped by 111.30 points or 0.39 per cent, while the NSE Nifty edged down 32.50 points, or 0.37 per cent.

“The markets are largely positive as hopes of a rate-hike turned down in the US Fed meet enhanced the risk-taking appetite,” Anand James, Chief Market Strategist at Geojit BNP Paribas Financial Services, told IANS.

“However, investors are not willing to push prices higher as caution still prevails ahead of the FOMC’s final decision. The Bank of Japan (BoJ) decision (to keep its policy balance rates unchanged) did not have much impact on the domestic markets.”

Initially on Wednesday, the benchmark indices opened on a flat-to-positive note on the back of positive Asian markets.

According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the CNX Nifty traded with firm sentiments on buying support from traders.

“Most IT stocks traded firm on recovery in USD/INR futures. Auto and oil-gas stocks also traded with firm sentiments,” Desai said.

“Aviation stocks traded firm on short covering, however higher crude oil prices are likely to limit the upside. Power stocks traded with firm sentiments supported by buying support at lower levels.”

Business

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

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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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