Market slipped from upper levels, Sensex closed with a fall of more than 300 points after losing gains
The market lost the day’s gains in the last trading session today. The market, which was trading in the green mark throughout the day, closed in the red mark in the last. The Sensex closed at 58,340.99 today, down 323.34 points, or 0.55 percent. On the other hand, Nifty has broken down 88.30 and closed at the level of 17,415.05.
Today, except the media and Bank Nifty, all sectoral indices have closed in the red mark. IT, Auto and FMCG have been hit the most. Nifty Auto Index is down 1.62 percent. On the other hand, the FMCG index closed down 1.25 percent. On the other hand, the IT index has fallen by 1.80 percent.
Nifty Bank closed in green mark
Amidst the fall in Nifty, Nifty Bank kept its greenery today. Nifty Bank closed at 37,441.95 with a gain of 169.15 points. However, today the market got light support from banking stocks and Nifty Bank has closed around 37357 with a gain of 0.23 percent. However, the movement of broader market today has been mixed. The BSE Midcap index closed with a fall of 0.57 per cent. On the other hand, the smallcap index has seen a rise of 0.44 percent.
Paytm
The shares of Paytm saw a rise for the second consecutive day on Wednesday. After the weak listing, there was a huge sell-off in the shares of Paytm in the first two trading sessions and one-third of its value was lost. However, on Wednesday, November 24, Paytm’s shares climbed up to 17%. At 1.23 pm, the shares of Paytm are trading up 17.09% at Rs 1750. With this fast the company’s shares have reached its issue price of Rs 2150. However, they are still trading at 20% below the offer price.
Vodafone Idea
In line with the expectations of investors, Vodafone Idea has increased its tariff plans by up to 22 percent with effect from November 25. Now the basic plan with 28 days validity, available for Rs 79, will cost Rs 99 from Thursday. The company has said in a press release about this that the new plan of the company will start the process of improvement in ARPU and it will help in dealing with the financial pressure on the industries.
