rahul singh
It’s Official: Apple’s iPhone Trade-In Program Starts Today
The rumor mill got this one right.According to confirmation from trusted sources relaying the news via social media, Apple has officially launched its anticipated iPhone trade-in program across the United States.
News of Apple’s program comes just as Best Buy introduces a holiday weekend promotion that offers consumers a 50% discount on the iPhone 5 when a functional iPhone 4 or iPhone 4S is traded-in.
CNBC’s John Fortt broke the news Friday, suggesting in the process that the program is not temporary and will be available at Apple stores throughout the United States as of now.
Word of the trade-in program is far from a shock, however, especially as the month of September looms. As of this writing, Apple is still expected to formally introduce the new iPhone 5S and iPhone 5C on or around September 10th.
In other words, a big season of trade-ins is about to commence.
India Market
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MARKET EYE-Indian shares fall on profit-taking, waning diesel price hike hopes
* India's benchmark index falls nearly 1 percent after four days of gains, while the broader NSE index is down 1.1 percent as blue-chip shares including HDFC fall on profit-taking. * Traders also point to waning hopes of a one-time diesel price hike which may help check India's worsening fiscal deficit situation. * Housing Development Finance Corp Ltd falls 4 percent, while ITC Ltd falls 1.3 percent after near 4 percent after gaining on Monday. * However, foreign institutional investors turn netIndian FX/debt factors to watch - Sept 3
GLOBAL MARKETS ROUNDUP * Asian markets marked a second day of gains on Tuesday after a string of upbeat factory data around the globe boosted shares and most commodities, while a delay in a potential U.S. strike on Syria diminished the safe-haven appeal of gold and the yen. * The safe-haven yen started Asian trade at one-month lows against the dollar on Tuesday, having fallen broadly as fresh signs of a pickup in global manufacturing activity helped lift risk appetite. * BenchmarkMARKET EYE-FIIs snap 11-day selling streak in Indian shares
* Foreign institutional investors turn net buyers in the secondary share market after 11 consecutive sessions of selling a total of about $1 billion. * Overseas investors, who have been net buyers of Indian shares so far in 2013, have sold the same in each of last 3 months weighed by a record low rupee, persisting worries on fiscal deficit and a policy flip-flop amid a slowing economy. * An oversold market after three consecutive months of decline until August, is making traders hopeful of someIndia Morning Call-Global markets
----------------------(0840 a.m. India time)------------------ LEVEL NET/CLOSE PCT/YIELD DJIA 14810.31 -30.64 -0.21 S&P 500 1632.97 -5.2 -0.32 FTSE 6506.19 93.26 1.45 MSCI Asia-Pac Ex-JP 443.2 2.91 0.66 Nikkei 13917.64 344.72 2.54 Euro 1.319 1.319MARKET EYE-SGX Nifty gains; FIIs snap 11-day selling streak
* Nifty futures on the Singapore Exchange are up 0.3 percent, while the MSCI-Asia Pacific index excluding Japan gains 0.5 percent. * Asian markets marked a second day of gains on Tuesday after a string of upbeat factory data around the globe boosted shares and most commodities, while a delay in a potential U.S. strike on Syria diminished the safe-haven appeal of gold and the yen. * Foreign institutional investors turn net buyers in the secondary share market after eleven consecutive sessionIndian stocks to watch - Sept 3
* Nifty futures on the Singapore Exchange are up 0.3 percent, while the MSCI-Asia Pacific index excluding Japan gains 0.5 percent.Indian shares gain nearly 1.5 pct; traders hope for more steps amid an oversold market
* BSE index gains 1.43 pct; NSE ends 1.44 pct higher * ITC shares surge; UBS says company raised Gold Flake prices * Axis Bank, IDFC gain; Selling on MSCI exclusion seen overdone By Abhishek Vishnoi MUMBAI, Sept 2 - Indian shares rose on Monday to their highest close in nearly 2-1/2 weeks as some blue chips recovered from recent steep falls, with ITC jumping after a UBS report said the company had raised prices of a key cigarette brand. Gains also tracked Asian shaIndian shares gain nearly 1.5 pct; ITC, Axis Bank surge
MUMBAI, Sept 2 - Indian shares rose on Monday to their highest close in nearly 2-1/2 weeks as some blue chips recovered from recent steep falls while ITC jumped after a UBS report said the company had raised prices for some of its cigarette brands.MARKET EYE-ITC shares surge after UBS says company raised Gold Flake prices
* Shares in ITC Ltd gain 4 percent after the company raised prices of a key cigarette brand, UBS says. * "ITC has raised prices for Gold Flake King-Size (GFK) from 136 rupees to 150 rupees (pack of 20)," UBS said in a note to its clients on Monday. * The bank adds this price increase will add 1 percent to cigarette revenues and 2-3 percent to the segment's operational profit, all else remaining unchanged. * A company spokeswoman was not immediately reachable for comment. (abhishek.vishnoi@thoMARKET EYE-Axis Bank, IDFC gain; MSCI exclusion based sales seen overdone
* Shares in Axis Bank Ltd and IDFC Ltd gain as last week's selling, sparked by their exclusion from MSCI indices, is seen as overdone, traders say. * Axis Bank Ltd dropped 15 percent last week, its biggest weekly fall since July 2009, ahead of its exclusion from MSCI standard and large cap indexes that was due to be effective starting on Monday. * IDFC fell 22.4 percent in the previous week as MSCI on Monday said the company would be deleted from its global standard indexes effective Sept. 2,
All Indian Indices
| Symb | Index | Mkt Report | Time | Last | Chg | Chg % | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| .BSESN | BSE Sensex | 11:21am IST | 18,758.75 | -127.38 | -0.67% | |||||||||||||||||
| .NSEI | Nifty | 11:21am IST | 5,500.50 | -50.25 | -0.91% | |||||||||||||||||
| .BSEOIL | BSE Oil & Gas | 11:21am IST | 8,301.19 | -55.96 | -0.67% | |||||||||||||||||
| .BSEIT | BSE IT | 11:21am IST | 8,025.22 | -13.43 | -0.17% | |||||||||||||||||
| .BSEMET | BSE Metals | 11:21am IST | 8,085.23 | +54.15 | +0.67% | |||||||||||||||||
| .BSEFMCG | BSE FMCG | 11:21am IST | 6,527.04 | -11.61 | -0.18% | |||||||||||||||||
| .BSECG | BSE Capital Goods | 11:21am IST | 7,184.01 | +25.41 | +0.35% | |||||||||||||||||
| .BSEBANK | BSE Banking | 11:21am IST | 10,249.40 | -148.56 | -1.43% | |||||||||||||||||
| .BSEREAL | BSE Realty | 11:21am IST | 1,216.70 | +7.86 | +0.65% | |||||||||||||||||
| rahul singh | ||||||||||||||||||||||
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