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Markets trade flat; Sensex up 62 points

Published

9 years ago

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Mumbai: Despite attractive valuations due to short coverings, a barometer index of the Indian equities was trading flat during the mid-afternoon trade session on Thursday.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE) gained only 62 points or 0.24 percent.

The Sensex had previously gained 171.15 points or 0.67 percent to 25,822.99 points on Wednesday.

The Indian equity markets opened on a lower note on Thursday, following a sharp downward correction in Japan’s Nikkei. However, it pared its initial losses due to bargain hunting which was prompted by attractive valuations.

Stock prices got attractive due to “short-coverings” as investors unravelled their investment positions on the expiry day of the September derivatives series.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat. It gained only by 22.15 points or 0.28 percent at 7,868.10 points.

The S&P BSE Sensex, which opened at 25,798.05 points, was trading at 25,885.43 points (at 2.15 p.m.), up 62.44 points or 0.24 percent from the previous day’s close at 25,822.99 points.

The Sensex touched a high of 25,949.90 points and a low of 25,670.96 points in the intra-day trade so far.

Market observers pointed out that short coverings made valuations attractive and lifted sentiments and prompted value buying.

“The markets opened lower on the back of sharp correction in Nikkei, However, it has steadily rises due to short coverings on the expiry day of September series. Short coverings has lifted prices,” Anand James, co-head, technical research desk with Geojit BNP Paribas Financial Services, told.

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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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