😎 Mitron!! This time ₹2000 Only

Good Morning!

Hey there, fellow investors! It's been a wild ride in the stock market lately, but don't worry, the broader indices are here to save the day! In fact, they've been outperforming the benchmarks like a boss.

And who's leading the charge? None other than the IT and realty sectors, making a comeback like a '90s boy band. They're regaining their shine and proving that they're not just a one-hit wonder.

But let's not forget about the volatility of the market. It's like a rollercoaster, but instead of screaming in terror, we're screaming "buy low, sell high!" It's all about perspective, folks.

So, buckle up and enjoy the ride. Keep an eye on those broader indices and let's hope the IT and realty sectors keep bringing the heat. And remember, in the stock market, it's not about who's the fastest, it's about who can hold on the longest. Happy investing!

1. Story of the Day

Mitron!! This time ₹2000 Only

Hey Folks, the withdrawal of the ₹2000 note is a "non-event" and will have "no perceptible effect on the economy." Well, that's a relief! I was worried we were in for some serious economic turmoil.

But let's be real here, folks. The Rs 2000 note was always a bit of an oddball. It was introduced in 2016 as part of the government's demonetization efforts, but it never really caught on. Sure, it was convenient for those times when you needed to buy a lot of samosas at once 😇, but other than that, it was kind of useless. And let's not forget how difficult it was to find change for it. I mean, who carries around that many Rs 100 notes?

So, now that the Rs 2000 note is on its way out, what does that mean for us? Well, according to the experts, not much. It's not like we're suddenly going to run out of money or anything. And let's be real, who even uses cash anymore? We've got Paytm, Google Pay, and all those other fancy digital payment methods. Who needs paper money?

In conclusion, the withdrawal of the Rs 2000 note is a non-event. It's not going to have any perceptible effect on the economy, and it's not going to impact our daily lives in any significant way. So, let's all take a deep breath and relax. And if you happen to have any Rs 2000 notes lying around, well, I guess you can use them as kindling for your next bonfire or go to bank and deposit it at the earliest. Obviously !

2. Market Recap

• Retail inflation in India reduced to an 18-month low of 4.7% in April vs 5.66% in March.

• Jio and Airtel added a total of 19.8 lakh mobile customers in Feb. Vodafone-Idea (Vi) lost 20 lakh customers: TRAI. Jio added 10 lakh customers.

• India’s industrial production growth stood at 1.1% in March vs 5.78% in Feb.

• India's forex reserves rose $7.2 billion to $595.98 billion as on May 5, 2023.

3. Tweet of the Day

4. Headlines of the Day

• Rs 0.19 to Rs 27: A tale of a Mutlibagger stock (MT)

• IOC shares at Rs 87 or Rs 125? What analysts say (MT)

• NTPC Q4 Results: Profit falls 6% YoY (ET)

• OpenAI launches an official ChatGPT app for iOS (TC)

• Latest on Job cut from Meta (N18)

• Hind Copper Profit declares dividend(TV18)

• How to use ChatGPT to make passive income(MD)

5. Chart of the Day

Bank Nifty reached its high since Dec 2022

It’s receiving a resistance at this level. (Reaching out at uncharted territory always makes me nervous 😎)

6. Tech Buzz of the Day

Robots Steal Our Boring Jobs, Humans Get Promoted to Dream Jobs: The Future is Looking Bright!

Apparently, artificial intelligence (AI) is going to take over the world and eliminate a bunch of jobs. But don't worry, it's not all doom and gloom. According to Forbes, AI will also create new, higher-level tasks for us humans to tackle.

So, what does this mean for you? Well, if you're currently working a job that involves repetitive tasks, like data entry or assembly line work, you might want to start brushing up on your skills. Because let's face it, robots are way better at that stuff than we are.

But fear not, my friends! As AI takes over the mundane tasks, it will free up our time and brainpower to focus on more creative and complex tasks. Think problem-solving, innovation, and strategy. Basically, all the stuff that robots can't do (yet).

So, while the robots are busy doing the grunt work, we can sit back, relax, and let our imaginations run wild. Who knows, maybe we'll even come up with the next big breakthrough in AI technology.

7. Meme of the Day!

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