New Delhi Nov 18 PTI Shares of One97 Communications Ltd Paytms parent company on Thursday made a weak market debut and tumbled over 27 per cent from the issue price of Rs 2150 The stock is listed at Rs 1955 tumbling 9 per cent from the issue price on the BSE During the day it tumbled 2725 per cent to Rs 1564 It tanked 2724 per cent to settle at Rs 156415 On the NSE it debuted at Rs 1950 registering a decline of 930 per cent against the issue price The stock plunged 2744 per cent to settle at Rs 1560 Addressing a gathering on the listing ceremony of One97 Communications Vijay Shekhar Sharma Founder and Chief Executive Officer of Paytm said I believe that Paytm story inspires and hopefully will inspire tens of and hundreds of millions of entrepreneurs that this country will produce in years to come that yes they can do it They can do it even when they come from backgrounds that were not meant to be making you reach here they can reach here The company commanded a market valuation of Rs 10139972 crore on the BSE With the decline in the stock price the companys market valuation eroded by Rs 3760028 crore Paytm the biggest IPO in India so far debuted the secondary market on a weaker note as compared to our expectations of a flat listing Santosh Meena Head of Research Swastika Investment Ltd said In traded volume terms 1006 lakh shares were traded at the BSE and over 239 crore shares at the NSE during the day Indias largest IPO of Paytm tumbled 27 per cent on its maiden day with investors questioning its business model and lack of profits along with lofty valuations Siddhartha Khemka Head - Retail Research Motilal Oswal Financial Services Ltd Ant Group-backed Paytms Rs 18300 crore IPO was oversubscribed 189 times on the last day of Indias biggest share sale last week This was greater than miner Coal Indias Rs 15000 crore offer a decade back Paytm formally called One97 Communications saw a dull response and got subscribed only 189 times from the investors which is much lower compared to the other recently listed companies Parth Nyati Founder Tradingo said He added that they feel that due to the brand the company sought high valuation and it might see a correction in the near term The initial public offering of Paytms parent company One97 Communications Ltd received bids for 914 crore equity shares against the offer size of 483 crore shares according to information available with stock exchanges on November 10 Paytm had fixed its IPO in a price band of Rs 2080-2150 per share Incorporated in 2000 One97 Communications is Indias leading digital ecosystem for consumers and merchants It offers a range of services including payment services and financial services Mega IPO Paytm witnessed tepid listing today as concerns over valuation weighed on the stock according to Binod Modi Head Strategy at Reliance Securities In the equity market the BSE 30-share benchmark index ended 37232 points or 062 per cent lower at 5963601 Weak listing of Indias largest IPO and soft global market amid rising inflation woes impacted domestic sentiment Vinod Nair head of Research at Geojit Financial Services said Launched by a son of a school teacher from a small town Aligarh nearly a decade ago as a platform for cellular recharging Paytm grew rapidly after ride-hailing agency Uber listed it as a fast-cost possibility PTI SUM SHW SHW

Mumbai Oct 28 PTI Equity benchmark Sensex plunged 1159 points on Thursday following an across-the-board selloff as monthly derivatives expired amid a weak trend in global markets The 30-share index tanked 115863 points or 189 per cent to close at 5998470 Similarly the broader NSE Nifty plummeted 35370 points or 194 per cent to 1785725 ITC was the top loser in the Sensex pack tumbling over 5 per cent followed by ICICI Bank Kotak Bank Axis Bank SBI and HDFC Bank On the other hand IndusInd Bank LT UltraTech Cement and Asian Paints were among the gainers Domestic equities witnessed heavy selloff with high volatility mainly led by sharp correction in heavyweight financials and IT which wiped out around Rs 45 lakh crore from investors wealth said Binod Modi Head - Strategy at Reliance Securities All key sectoral indices fell sharply with Nifty PSU Bank falling over 4 per cent In addition to weak global cues unwinding of long positions especially in financials on FO expiry which had seen a sharp rally in recent period were the prime reasons for the sharp market correction he added Elsewhere in Asia bourses in Shanghai Hong Kong Seoul and Tokyo ended with losses Stock exchanges in Europe were also trading in the red in mid-session deals Meanwhile international oil benchmark Brent crude slipped 111 per cent to USD 8294 per barrel PTI ANS ABM ABM

Mumbai Sep 27 PTI Equity benchmarks Sensex and Nifty inched marginally higher on Monday to end at fresh lifetime highs led by gains in Reliance Industries HDFC Bank and Maruti amid a largely positive trend in global markets After touching its lifetime intra-day high of 6041232 the 30-share Sensex ended 2941 points or 005 per cent higher at its all-time closing peak of 6007788 Similarly the NSE Nifty advanced 190 points or 001 per cent to record 1785510 Maruti was the top gainer in the Sensex pack rallying over 6 per cent followed by MM Bajaj Auto NTPC Reliance Industries and HDFC Bank On the other hand HCL Tech Tch Mahindra Bajaj Finserv and Infosys were among the laggards Domestic equities traded range-bound amid positive cues from global equities Heavy profit-booking in IT and pharma nullified the impact of sharp recovery in auto stocks said Binod Modi Head - Strategy at Reliance Securities Further financials and realty indices extended gains Nifty IT fell over 25 per cent as investors preferred to book some amount of profit ahead of September quarter earnings Auto stocks witnessed strong rebound as continued underperformance for last couple of months expectations of improvement in demand scenario from October and positive commentary from select companies about semiconductor issue made investors buy quality names in OEMs he noted Elsewhere in Asia bourses in Hong Kong and Seoul ended with gains while Shanghai and Tokyo were in the red Stock exchanges in Europe were trading on a positive note in mid-session deals Meanwhile international oil benchmark Brent crude climbed 132 per cent to USD 7825 per barrel PTI ANS ABM ABM