Stock Market Updates: Sensex Gains 200 pts, Nifty Above 21,900; Paytm Down 5% – News18

Markets Today: Equity benchmark indices opened higher on Thursday as other global markets recovered from selling seen a day earlier. The BSE Sensex rose 200 points to 72,044 and the NSE Nifty gained 65 points to 21,900.

M&M, Wipro, NTPC, HCLTech, Infosys, Tech M, TCS and Power Grid led gains on the Sensex and Nifty.

On the flip side, Nestle, HUL, Axis Bank and Ultratech Cement were the top frontline losers.

The BSE MidCap and SmallCap indices were relatively higher with gains of nearly 1 per cent each.

Paytm hits fresh low, down 5% after ED start probe under FEMA

The Directorate of Enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (Fema) in the Paytm Payments Bank case, sources said. ED is learnt to have sought further clarification on the matter from the central bank.

Global Cues

Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal Reserve is likely to start its easing cycle after a run of strong economic data.

Tokyo stocks opened higher on Thursday after Wall Street bounced back, shaking off worries about inflation.The benchmark Nikkei 225 index was up 1.06 per cent, or 399.95 points, at 38,103.27 in early trade, while the broader Topix index added 0.40 per cent, or 10.31 points, to 2,594.90.

Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the U.S. stock market’s third most valuable company.