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The Nifty Realty index was trading 0.68 per cent down at 412.0.

“Whoever is buying Paytm needs to take a call on why they are buying the stock. Now there is the core payments business which is slowing down significantly. The revenue growth was very muted. They might be showing profits but what is the sustainability of this business? I do not know the reason for such aggressive bullishness.”

A total of 74,320 shares changed hands on the counter till 10:36AM (IST)

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18500 strikes while the maximum Put OI is placed at 17800 and then towards 17700 strikes. Options data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17700 to 18050 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

Balkrishna Industries, incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 44622.44 Crore) operating in Tyres sector.

The group will now shoot for revenue growth of 15% to 20% for at least the next financial year, down from the 40% growth originally targeted, said the people, who didn’t want to be named as the discussions are private. Capital expenditure plans will also be scaled down, they said, as the group prioritizes bolstering its financial health over aggressive expansion.

Besides Angul Energy, the six subsidiaries to be merged with Tata Steel are Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel & Wire Products, and Tata Steel Mining and S&T Mining Company.

Data on Tuesday is likely to show the U.S. monthly consumer prices climbing 0.4% month-on-month in January and the core CPI gaining 0.4% as well, according to a Reuters survey of economists. U.S. consumer sentiment improved to a 13-month high in February, but households expected higher inflation to persist over the next 12 months, a survey showed on Friday.

While the moving average convergence and divergence (MACD) indicator is experiencing an upward centerline crossover, the relative strength index (RSI), a momentum indicator, is positively poised. On the higher side, Rs. 850 is acting as an important psychological level; above this, we can expect a level of Rs. 900+ in the near-short term, while on the lower side, Rs. 770 will act as a major support during any correction.

The group is also making significant investments in its new growth businesses which include Air India, Tata Neu SuperApp, batteries, Tata Electronics and 5G. Tata Sons is currently evaluating the proposed venture into semiconductors.