Business
Sensex zooms 1,100 points after exit poll results of Lok Sabha polls
Mumbai: The benchmark BSE Sensex zoomed past the 39,000 mark, rallying over 1,100 points, in afternoon trade on Monday as investors cheered exit poll results that showed the ruling NDA is likely to win the general elections.
The 30-share index was trading 1,114.42 points, or 2.94 per cent, higher at 39,045.19. In similar movement, the broader NSE Nifty soared 326.80 points, or 2.86 per cent, to 11,733.95.
Top gainers in the Sensex pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel and Bajaj Finance, rising up to 7 per cent.
On the other hand, Bajaj Auto and Infosys slipped up to 1 per cent.
Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to comfortably cross the majority mark of 272 in the Lok Sabha.The results of the seven-phase polls will come out Thursday.
Sensex celebrates exit poll results of Lok Sabha polls by zooming 1,100 pts:
“The rise in main indices is justified considering the numbers that have come in the exit poll,” said Rusmik Oza, Head of Fundamental Research, Kotak Securities.
Expect Nifty 50 to retest the recent high of 11, 850 before May 23. Break out into a new zone would depend on whether BJP on its own is able to secure more than half the seats, Oza added.
Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election related events lined up.
On the currency front, the rupee appreciated by 68 paise to 69.54 against the US dollar. Brent crude, the global benchmark, was trading at 73.22 per barrel, higher by 1.40 per cent.
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.
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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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