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Expectations of BJP victory in Karnataka lifts equity indices

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Expectations of a BJP victory in Karnataka assembly election lifted the key Indian equity indices during the mid-morning trade session on Tuesday.

According to market observers, broadly subdued Asian indices, and disappointing macro-economic inflation data points released on Monday capped some gains.
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Sector-wise, healthy buying was witnessed in banking, capital goods, metals, consumer durables and automobile stocks.

Around 10.25 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,921.80 points — up 115.20 points or 1.07 per cent — from its previous close.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,537.85 points, traded at 35,966.64 points — up 409.93 points or 1.15 per cent — from its previous session’s close of 35,556.71 points.
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Sensex has so far touched a high of 35,993.53 points and a low of 35,498.83 points during the intra-day trade.

“Early trend shows that the possibility of hung assembly has reduced. Markets could react positively if this trend gets confirmed later. However, beyond today what will drive India’s equity markets in the near term is not the outcome of these elections or any political issues, but the country’s macros,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

Geojit Financial Services Chief Market Strategist Anand James said that high voter turn out in Karnataka elections has brought in risk capital into the market.

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“Much of such money had earlier gone into index and a few set of stocks, but mid and small cap indices looks to have caught up today, which is also a testimony of positivity by way of increased earnings visibility,” James said.

On May 14 — the previous trade session — both the key indices closed on a flat-to-positive note as caution prevailed ahead of the Karnataka assembly election results and a rise in the April wholesale inflation rate.

Consequently, the NSE Nifty50 closed flat at 10,806.60 points.

Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE had made gains. It closed at 35,556.71 points — up 20.92 points or 0.06 per cent — from its previous day’s close.

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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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