A look at the headlines in the sector right now:

  1. Sensex ends below 30,000, Nifty manages to remain above 9,300: Shares of ICICI Bank slipped over 1% ahead of the announcement of its quarter results.
  2. Apple registers record revenue growth in quarter that ended in March: CEO Tim Cook attributed it to the ‘very large, young, and tech-savvy population, fast-growing economy, and improving 4G network’.
  3. Twitter announces live video deals across news, sports and entertainment sectors: Hundreds of hours of exclusive, live video content will soon be available on the micro-blogging website.
  4. Railways denies catering scam, says ‘human error’ in compiling the RTI reply led to the confusion: Media reports had said that the Central Railways had bought food items for several times more than its maximum retail prices.   
  5. At least $770 billion in black money entered India between 2005 and 2014, Global Financial Integrity report says: Illicit money worth  at least $165 billion exited the country during the same period, the global financial watchdog said.
  6. Jet Airways to soon launch Chennai to Paris direct flights: The airline has offered all-inclusive tickets to Paris at introductory prices of Rs 33,999 for economy class in a five-day sale.
  7. Global stocks traded lower ahead of the US Federal Reserve policy meet: Analysts expect the the interest rates to remain unchanged, Reuters reported.