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Selling pressure subdues Indian equities

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7 years ago

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Mumbai : Indian equities markets traded on a flat-to-negative note during the mid-afternoon trade session on Tuesday as selling pressure was witnessed in Teck (technology, media and entertainment), telecom and IT stocks.

Besides, broadly negative Asian indices and caution ahead of derivatives expiry subdued investors’ sentiments.

The key indices, which opened on a flat note, traded marginally in the red on the back of profit booking.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 13.85 points or 0.16 per cent to 8,865.35 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,716.70 points, traded at 28,625.37 points (at 1.30 p.m.) — down 36.21 points or 0.13 per cent, from the previous close at 28,661.58 points.

The Sensex has so far touched a high of 28,726.10 points and a low of 28,597.33 points during the intra-day trade.

In contrast, the BSE market breadth was marginally tilted in favour of the bulls — with 1,456 advances and 1,192 declines.

According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the CNX Nifty faced resistance at higher levels and traded with sideways sentiments due to profit booking.

“IT sector stocks faced resistance at higher levels, while banking, pharma, auto, oil-gas and FMCG stocks traded with mixed sentiments due to profit booking,” Desai said.

“However, textile, aviation, media-entertainment and cement stocks traded with firm sentiments due to buying support, although power sector stocks traded with bearish sentiments.”

On Monday, the benchmark indices close at fresh highs on expectations of a share buy-back offer from a large IT major and a strong rupee.

The NSE Nifty rose by 57.50 points or 0.65 per cent to close at 8,879.20 points, and the BSE Sensex was up 192.83 points or 0.68 per cent at 28,661.58 points.

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

Published

2 years ago

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May 5, 2022

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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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