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Sensex closes flat; bank stocks decline

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Sensex

Mumbai: A benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), closed Wednesday’s trade flat, as bank, healthcare and capital goods stocks declined.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) too closed the day’s trade flat. It end 5.15 points or 0.06 percent up at 8,767.25 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,115.32 points, closed at 29,007.99 points, up 3.33 points or 0.01 percent from the previous day’s close at 29,004.66 points.

The Sensex touched a high of 29,269.83 points and a low of 28,967.61 points in the intra-day trade.

According to analysts, the markets which opened in positive were effected by profit booking ahead of the February’s expiry and railway budget tomorrow.

“Despite positive global cues, India couldn’t sustain the sentiment as concerns over union budget outcome still persists,” said Vinod Nair, head-fundamental research, Geojit BNP Paribas Financial Services.

“Volatility might remain, given the key trigger is post expiry and tomorrow’s railway budget can possibly provide some direction. That said, broader markets would see more volatility relative to the nifty index,” Nair added.

Sector-wise, bank, healthcare, capital goods, metal and consumer durables stocks came under heavy selling pressure.

However, healthy buying was observed in information technology (IT), fast moving consumer goods (FMCG), technology, entertainment and media (TECK) and oil and gas stocks.

The S&P BSE bank index was down 164.25 points, healthcare index fell 162.13 points, capital goods index was lower by 124.24 points, metal index declined by 53 points and consumer durables index slipped 40.46 points.

The S&P BSE IT index was up 53.66 points, followed by FMCG index which was higher by 31.40 points, TECK index rose 29.79 points and oil and gas index augmented by 27.83 points.

The major Sensex gainers were: HDFC, up 2.43 percent at Rs.1,341, Infosys, up 1.75 percent at Rs.2,318.05, Wipro, up 1.71 percent at Rs.663.70, Bharti Airtel, up 1.36 percent at Rs.347.80 and ITC, up 0.93 percent at Rs.399.55.

The losers were: DrReddy’s Lab, down 2.48 percent at Rs.3,274.95; Tata Steel, down 2.30 percent at Rs.351.15; Sun Pharma, down 2.00 percent at Rs.891.35; Tata Power, down 1.83 percent at Rs.83 and Hindustan Unilever, down 1.43 percent at Rs.900.90.

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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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