Connect with us

Business

Indian shares tank, key index sheds 1,000 points

Published

9 years ago

on

Mumbai: Following weak global cues and the steep fall in Shanghai stocks along with concerns over the Indian government’s stand on minimum alternate tax (MAT) shaved 1,000 points or nearly 3.7 percent, off a key equity index of the Bombay Stock Exchange (BSE) early on Monday.

The rupee also hit a fresh two-year low of 66.47 to a dollar.

The 30-share sensitive index (Sensex) of the BSE opened sharply lower at 26,730.40 points against the previous close at 27,366.07 and soon plumeted further to 26,359.53 points, to log a loss of 1,006.54 points, or 3.67 percent.

After an hour of trading, the index was at 26,447.15 points, down 918.92 points or 3.36 percent. The wider, 50-scrip Nifty of the National Stock Exchange, followed a similar trend and was ruling at 8,004.30 points, with a loss of 295.65 points or 3.56 percdnt.

Each of the 30 shares that go into the Sensex basket, was trading in the red — the lowest loss being 1.61 percent for Sun Pharma and the steepest for the state-run GAIL India with as much as 6.67 percent.

Out of the 2,165 shares that were trading on Monday, 1,912 of them were in the red. While 26 were unchanged, only 227 managed some gains on the Mumbai bourse.

The realty stocks were the worst hit. The index for this sector was down 6.42 percent, followed by a loss of 4.98 percent for banking, 4.89 percent for power, 4.72 percent for oil and gas and 4.44 percent for metals.

Besides the global developments, analysts had cautioned that the slide in the rupee value, which closed on Friday at a two-year low of 65.83 to a dollar to breach the the 66 mark also dampened sentiments.

“The continued sell-off in US markets reflects the recent downward momentum for the markets which came amid overarching concerns about developing economies and the outlook for US interest rates,” Angel Broking said in a statement.

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