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Short covering, healthy Q4 results lift equity markets

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sensexMumbai: Short covering, along with expectations of healthy quarterly results, pushed the Indian equity markets higher on Monday.

Consequently, the key indices of the Indian equity markets made gains during the early morning session.

Healthy buying was witnessed in metals, banks and automobile stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) traded higher by 39.95 points or A0.49 percent, at 8,196.60 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,694.75 points, traded at 26,772.36 points (at 9.30 a.m.) — up 118.76 points or 0.45 percent from the previous close at 26,653.60 points.

The Sensex has so far touched a high of 26,783.13 points and a low of 26,684.35 points during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of the bulls — with 984 advances and 418 declines.

The key Indian indices had ended on a higher note during the previous trade session on May 27. They also touched their new six-month intra-day high levels on last Friday.

The barometer index had gained 286.92 points or 1.09 percent, while the NSE Nifty had edged up by 87 points or 1.08 percent.

Positive global cues, fresh influx of foreign funds and healthy fourth quarter results had catapulted the key indices to their highest weekly close in the last three months during the week ended May 27.

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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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