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Indian equities trade flat, profit booking pares gains

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Profit booking, negative global cues subdue equitiesMumbai: Broadly positive Asian indices and healthy third-quarter (Q3) results buoyed the Indian equities markets during the mid-afternoon trade session on Wednesday. However, profit booking, a weakened rupee and caution ahead of US Federal Reserve Chairman Janet Yellen’s speech on monetary policy capped gains and led the key indices to trade on a flat-to-positive note. The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 13.50 points or 0.16 per cent, to 8,411.50 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,261.76 points, traded at 27,261.31 points (at 2.15 p.m.) — up 25.65 points or 0.09 per cent from the previous close at 27,235.66 points.  The Sensex touched a high of 27,422.67 points and a low of 27,217.65 points during the intra-day trade so far.  The BSE market breadth was tilted in favour of the bulls — with 1,445 advances and 1,184 declines. According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the NSE Nifty gave up some of its gains on account of profit booking.

“The Indian rupee lost some momentum as the US dollar gained strength, adding pressure on our market,” Desai said. “Asian markets held their gains, but the European market traded mixed to negative which influenced our market to gave up its morning gain.” On Tuesday, profit booking and negative global indices subdued the benchmark indices.  The NSE Nifty fell by 14.80 points or 0.18 per cent, to 8,398 points, while the BSE Sensex was down 52.51 points or 0.19 per cent.

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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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