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In the international market, gold was trading lower at USD 1,970 per ounce and silver was flat at USD 25.58 per ounce.

The Dow Jones Industrial Average rose 56.18 points, or 0.17%, at the open to 33,000.37, while S&P 500 opened lower by 1.56 points, or 0.04%, at 4,202.75.

Paytm Founder & CEO says case being sensationalised and that not Paytm but Paym Bank has been asked not to onboard new customers. Sharma also says the entire board and management of Paytm Bank is in India and of Indian origin. An IT audit will be done and the report submitted to RBI.

Hindustan Unilever and Nestlé India command a dominant market share in their respective domain displayed their pricing power and finally hiked prices of some products by up to 8 per cent.

The F&O data continues to show some more room on the upside. However, if we use weekly options data to see how much there is actually room for the Index to move higher, it appears that the upsides may be limited to 17,000 levels.

The IPO comprises a fresh issue of equity shares aggregating up to Rs 280 crore and an offer sale of up to 24,000,900 equity shares (up to 2.4 crore equity shares) by the selling shareholders.

In volume terms, 7.53 lakh shares were traded on BSE and over 1.51 crore on NSE.

“The investment cycle eventually will pick up and in 2003-07, SBI outperformed HDFC Bank. There is a change happening in SBI. I would buy both but maybe tactically would probably buy SBI more, as it is still at about 1-1.5 book value. It is the only PSU bank which has held on to the market share and I keep coming back to that. ”

ITC is trading with 9 percent gains in the last one month whereas Equitas Small Finance has gained 11 per cent in just one week. Similarly, Ashok Leyland has gained 8 per cent in the same period.

Thanks to the market-wide selling, most managed portfolios - be it mutual funds, PMSes or your self-managed portfolio, sustained losses. However, there were some funds that showed resilience and fell much less than others.