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Sensex gains 287 points; capital goods stocks rise

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Mumbai: After six consecutive sessions of losses, a benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), surged 287 points or more than 1.00 percent during the mid-afternoon trade session on Wednesday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains during the session under review. It was trading 87 points or 1.08 percent up at 8,109.15 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 26,517.32 points, was trading at 26,768.36 points (at 1.05 p.m.), up 287.11 points or 1.08 percent from the previous day’s close at 26,481.25 points.

The Sensex has touched a high of 26,786.23 points and a low of 26,493.29 points in the intra-day trade so far.

According to the Angel Broking, the Indian markets opened in the positive territory tracking other Asian peers.

The firm said the Indian markets continued their downtrend on Tuesday, when the investors were anxious over the US Fed rate hike decision, delays over Greece loan repayment, weak monsoon forecast and disappointing quarterly earnings.

The possibilities of MSCI (Morgan Stanley Capital International), including China’s ‘A’ shares in MSCI EM (emerging markets) index, also weighed on the sentiments.

There is a possibility that India’s weightage in the index may be reduced as a result of the entry of Chinese stocks and thus effect capital flows.

During Wednesday’s mid-afternoon trade session, healthy buying was observed in the capital goods, automobile, banks, healthcare, oil and gas, consumer durables and information technology (IT) sectors.

The S&P BSE capital goods index zoomed by 309.98 points, followed by automobile index which rocketed by 261.28 points, bank index augmented by 259.44 points, healthcare index rose by 173.96 points.

The S&P BSE oil and gas index was higher by 101.89 points, consumer durables index gained by 96.65 points. and IT index was up by 90.70 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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