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Disappointing macro-data, profit booking drag equities lower

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Disappointing macro-data, profit booking drag equities lower

Mumbai: Disappointing domestic macro-economic data, along with below-than-expected quarterly results and profit booking, dragged the Indian equities markets lower during the mid-afternoon trade session on Monday. Investors’ sentiments were subdued on the back of disappointing IIP (Index of Industrial Production) data released after the markets closed on Friday, which showed that the country’s factory output contracted by (-)0.4 per cent during December, 2016. Besides, caution prevailed ahead of the release of key macro-economic inflation data points — the Consumer Price Index (CPI) and Wholesale Price Index (WPI) — slated to be released on February 13 and 14.

The key indices traded in the red, as heavy selling pressure was witnessed in consumer durables, capital goods and healthcare stocks. The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 20.35 points or 0.23 per cent to 8,773.20 points. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,450.42 points, traded at 28,282.99 points (at 1.30 p.m.) — down 51.26 points, or 0.18 per cent, from the previous close at 28,329.70 points.

The Sensex has so far touched a high of 28,458.80 points and a low of 28,197.38 points during the intra-day trade. The BSE market breadth was tilted in favour of the bears — with 1,808 declines and 927 advances. According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the CNX Nifty traded with bearish sentiments due to profit booking. “IT stocks faced resistance at higher levels, while most banking, pharma, auto, oil-gas, textile and aviation stocks traded with bearish sentiments,” Desai said. “FMCG, cement and power stocks also faced selling pressure at higher levels.” On Friday last week, the NSE Nifty inched up by 15.15 points or 0.17 per cent to close at 8,793.55 points, and the BSE Sensex was up a miniscule 4.55 points, or 0.02 per cent, at 28,334.25 points.

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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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