Share Market News Today | Sensex, Nifty, Stock Prices LIVE: Indian stock markets opened flat on Tuesday amid mixed global indices. Sensex rose 121 points or 0.2% to 60,488, while Nifty opened below 18K but rose to 18,017.
Share Market News Today | Sensex, Nifty, LIVE stock prices: Bulls appeared cautious on Dalal Street as Indian stock markets opened flat with a positive bias on Tuesday January 11 amid mixed global backdrop. The Sensex was up 150.95 points or 0.25% to 60,546.58, and the Nifty was up 45.50 points or 0.25% to 18,048.80. Bank Nifty jumped 608 points or 1.61% to 38,347.90. IndusInd Bank, HDFC, Tata Consumer Products, Hindalco Industries and Britannia Industries were among the main winners of Nifty, while Tata Steel, JSW Steel, Coal India, Bajaj Finance and Nestlé India were the main losers. In the Sensex pack, HDFC, Ultratech Cement, NTPC, IndusInd Bank, M&M were the main winners, while Tata Steel, Bajaj Finance, Kotak Mahindra Bank, L&T and SBI were behind.
The actions of Paytm (One 97 Communications) were in the spotlight on Tuesday. The number of loans disbursed through the Paytm platform increased 401% year-on-year to 0.44 crore of loans in the third quarter of fiscal 2022. The value of loans disbursed through the platform during the third quarter of fiscal 2022 was Rs 2,180 crore, an increase of 365% year-on-year. Paytm has experienced tremendous growth in each of its loan products. However, the stock hit a 52-week low on Monday and the stock price could extend its losses and wipe out more than half of the wealth of IPO investors, foreign brokerage firm Macquarie said. in a note. The brokerage firm has cut its target price for the fintech giant to just Rs 900 per share, 25% below its previous target of Rs 1,200 and 58% below the public issue price of Rs 2,150.