LIVE market updates: The key benchmark indices so far in the day have extended losses as the trading sesion progressed amid a board-based selloff.
All sectoral indices were in the negative zone – the BSE Auto index was the biggest loser, down 2.5 per cent.
Volatility index, India VIX, was up 3 per cent and market breadth was heavily skewed towards seller.
Paytm: What next for the stock? Given the offer’s aggressive pricing and the fact that One97 Communications, the parent company of Paytm, still remains a loss-making entity, most analysts had expected a sub-par listing.
Macquarie has initiated coverage of One 97 Communications with an “underperform” rating.
LIVE market updates: Amid lack of triggers, domestic equities are expected to trade sideways and track global cues for further moves.
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