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Paytm board believes that this buyback is a sign of confidence that the company is on a clear path to deliver cash flow profitability, and this buyback will not have any impact on its growth plans in the near future or on its profitability plans," the company said.

On the technical charts, the RSI of the stock stood at 54.14.

The brokerage maintains its buy on the stock with a revised price target of Rs. 2,250, increasing its valuation multiple to factor in faster capacity additions and its strong growth potential led by capacity expansions.

Max Financial Services, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 24289.18 Crore) operating in Financial Services sector.

"To start with, if you misplace or you lose your wallet and you have this protection plan, then with a single call, all your cards get blocked and reissuance of the cards gets initiated and PAN card replacement is also taken care of. If you have a mobile SIM that you want to change, that is also taken care of. Basically one had to go to the police station and file an FIR and after that start the paperwork. Now one call can take care of all of this."

A total of 8,904 shares changed hands on the counter till 11:01AM (IST).

Gold futures on MCX were trading higher by 0.16% or Rs 85 at Rs 54,828 per 10 grams. Silver futures jumped 0.40% or Rs 276 at Rs 69,051 per kg.

Overnight Wall Street surged, before paring gains to leave the S&P 500 up 0.7% at the close. The dollar, which is falling from 20-year highs as U.S. interest rate expectations retreat, dropped broadly and sharply, while bonds rallied.

U.S. crude inventories rose by about 7.8 million barrels in the week to Dec. 9, according to market sources citing data from the American Petroleum Institute, while analysts polled by Reuters had expected a 3.6 million barrel drop in stocks. Product stocks also jumped, with gasoline inventories up by about 900,000 barrels and distillate stocks up by 3.4 million barrels, API data showed.

Stocks that were in focus include names like UCO Bank which was up nearly 20%, Yes Bank which gained nearly 14%, and Indian Overseas Bank which closed with gains of nearly 15% on Tuesday.