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Saturday, March 2, 2024

Indian shares muted forward of interim Union funds; Paytm tanks


Shares of fintech agency Paytm tanked 20% after the Reserve Financial institution of India restricted Paytm Funds Financial institution from contemporary deposits and credit score transactions throughout its providers on account of supervisory considerations. File picture
| Picture Credit score: The Hindu

Indian shares had been muted on Thursday, February 1, 2024, as traders awaited the interim Union budget, whereas Paytm shares tanked after the Reserve Bank restricted its unit from accepting contemporary deposits and credit score transactions.

The NSE Nifty 50 index was principally unchanged at 21,737, as of 9:16 a.m IST, and the S&P BSE Sensex was up 0.1% to 71,817.

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Shares of fintech agency Paytm tanked 20% after the Reserve Financial institution of India restricted Paytm Funds Financial institution from contemporary deposits and credit score transactions throughout its providers on account of supervisory considerations.



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