<ul><li><keyword id="4326962" type="General" weightage="20" keywordseo="paytm-shares" source="Orion">Paytm shares</keyword> tanked over 9% in the first hour of trade on Thursday, as 4.5% of the company’s equity shares were traded in a block deal. </li><li>According to data from NSE and BSE, the total trading volume in <keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword>’s shares stood at a little over 47 million as at 10 am. </li><li>Separately, a block deal involving 29.5 million shares, amounting to ₹1,660 crore was executed. </li></ul>Paytm shares tanked over 9% in the first hour of trade on Thursday as 4.5% of the company’s equity shares, totalling to 29.5 million, changed hands in a block deal. Shares of Paytm fell as much as 10% in the first hour of trade. As of 10 am, Paytm’s shares were trading at ₹545, down by 9.4% when compared to the previous closing price of ₹601 per share. According to data from NSE and BSE, the total trading volume in Paytm’s shares stood at a little over 47 million as at 10 a.m. It is worth pointing out that block deals are not included in the trading volumes on stock broking platforms. A block deal involving 29.5 million shares, amounting to ₹1,660 crore was executed, although the seller details are not known yet. Earlier,<a href="https://economictimes.indiatimes.com/markets/stocks/news/softbank-may-sell-29-million-paytm-shares-in-block-deal-today/articleshow/95567392.cms"> reports</a> suggested that the Masayoshi-led SoftBank is planning to sell a stake worth $215 million in Paytm, which is nearly 4.5% of the company’s equity. At the end of September, SoftBank held a 17.45% stake in Paytm. The<a href="https://www.businessinsider.in/stock-market/news/nykaa-policybazaar-paytm-among-nine-companies-whose-ipo-lock-in-period-ends-in-november/articleshow/95445657.cms"> lock-in period for pre-IPO investors</a> of Paytm expired on November 15. Overall, Paytm’s shares are down 74.7% since listing, from its issue price of ₹2,150. <cmsannotation type="cmsannotation" annotationid="Paytm’s lending and merchant businesses drive revenue growth in Q2, but loss widens" comment="subhead" text="Paytm’s lending and merchant businesses drive revenue growth in Q2, but loss widens">Paytm’s lending and merchant businesses drive revenue growth in Q2, but loss widens</cmsannotation> Paytm<a href="https://www.businessinsider.in/business/corporates/news/paytms-lending-and-merchant-businesses-drive-revenue-growth-in-q2-low-penetration-offers-headroom-for-growth-say-analysts/articleshow/95423464.cms"> reported</a> a 76% rise in revenue on a year-on-year basis to ₹1,914 crore driven by growth in lending and merchant businesses. However, its loss widened 20.7% to ₹572 crore. Paytm’s revenue from merchant services stood at ₹624 crore in Q2, up 12% sequentially and 56% YoY. The devices used by merchants also increased during the quarter to 4.8 million, from 3.8 million in the previous quarter. Paytm’s merchant business model consists of subscription revenues, merchant discount rate (MDR), and advertising revenue. In addition to this, since UPI payments attract zero MDR from merchants, the government reimburses the company. Analysts remain optimistic about Paytm achieving adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) profitability in FY24, as promised by the company. “We expect margins to further improve, and forecast FY24 to be the first full year of adjusted EBITDA profitability for Paytm,” stated a report by Goldman Sachs. <cmsannotation type="cmsannotation" annotationid="Stocks which came under selling pressure on lock-in expiry" comment="subhead" text="Stocks which came under selling pressure on lock-in expiry">Stocks which came under selling pressure on lock-in expiry</cmsannotation> Stocks of several companies have come under selling pressure on the expiry of the lock-in period, including Zomato, Delhivery, Policybazaar-parent PB Fintech, among others. Nykaa managed to escape this by issuing bonus shares, thereby reducing the available shares to trade to just 17%, thanks to a bonus issue of 5 shares for every 1 share held. To recall, the lock-in period for Zomato’s pre-IPO investors ended on July 25 this year, tanking the stock by as much as 14.3% to an all-time low of ₹40.6 a share. Later this month, Delhivery, Tarsons Products, and Go Fashion are amongst the companies whose lock-in period will expire. <cmsannotation type="cmsannotation" annotationid="What is a block deal?" comment="subhead" text="What is a block deal?">What is a block deal?</cmsannotation> A block deal is a single trade in which more than 5 lakh shares, or ₹10 crore in value, are transacted. These block deals are executed by investment bankers or brokerages on behalf of the owner. Block deals are executed in two windows of 15 minutes each – between 8:45-9 am, and 2:05-2:20 pm. Usually, institutional investors and high net worth individuals enter into block deals, while retail investors use regular trading channels. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/fpis-pour-28888-crore-into-equities-in-the-first-fortnight-of-november/articleshow/95560705.cms">FPIs pour ₹28,888 crore into equities in the first fortnight of November</a> <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">Grey market premium – what is it and where is it coming from</a> <a href="https://www.businessinsider.in/business/news/95-indian-companies-experiencing-new-types-of-fraud-after-covid/articleshow/95530428.cms">95% Indian companies experiencing new types of fraud after Covid</a>

Paytm shares tank over 9% as 4.5% of its equity changes hands

India's largest fintech company <keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword> saw its mandatory lock-in expiry end today, with 86 per cent of its shares becoming free to trade. Trends showed that the lock-in expiry had minimal or no impact on the company's share price, which was trading at Rs 637, down 0.2 per cent at 10:30 am. In fact, details on <keyword id="35140" type="General" weightage="50" keywordseo="bse" source="Orion">BSE</keyword> show that more shares were being bought than sold. Paytm counts the likes of Warren Buffet, SoftBank, Elevation Capital, and Alibaba as its long-term investors. Top brokerage firms such as JP Morgan, Morgan Stanley, <keyword id="6361649" type="General" weightage="50" keywordseo="goldman-sachs" source="Orion">Goldman Sachs</keyword>, <keyword id="46909" type="General" weightage="50" keywordseo="icici-securities" source="Orion">ICICI Securities</keyword>, Dolat Analysis and Research Themes, and CITI have extended their confidence in Paytm's strong performance. The company recently announced Q2 FY23 financials and posted a 76 per cent yearly growth in revenue to Rs 1,914 crore. Meanwhile, the company's losses were reduced by 11 per cent on a sequential basis. The company's contribution profit surged 224 per cent year-on-year to Rs 843 crore. Recently, in a shareholder letter, the founder and CEO Vijay Shekhar Sharma, said: "We are now excited about the next year of our journey, as we get close to EBITDA profitability and free cash flow generation." In fact, brokerages like JP Morgan, and Goldman Sachs expect Paytm to achieve its breakeven target ahead of September 2023. On Monday, the company announced that it had disbursed 3.4 million loans in October, registering a yearly growth of 161 per cent. The value of total loans disbursed in October grew to Rs 3,056 Cr (USD 407 million, year-on-year growth of 387 per cent). Paytm's leadership in offline payments strengthened further with its total merchant subscription devices deployed increasing to 5.1 million. With its subscription-as-a-service model, the strong adoption of devices drives higher payment volumes, and subscription revenues, while increasing the funnel for merchant loan distribution. For October, the total merchant gross merchandise value processed through Paytm aggregated to Rs 1.18 lakh crore (USD 14 billion), marking a yearly growth of 42 per cent. Sharma, in his letter further wrote that the payment revolution continues in India, with merchants and users enthusiastically adopting digital payment technology. The government's incentives for <keyword id="6358921" type="General" weightage="50" keywordseo="upi" source="Orion">UPI</keyword> payments and merchants' adoption of its devices and subscription product, is making payments increasingly "monetizable and profitable" for the company. Talking about the company's rapidly growing lending business which is now at an annualised run rate of Rs 37,000 crore in the month of October, Sharma said, "In parallel, we are now scaling up lending distribution which can bring financial inclusion to hundreds of millions of people in our country." "Due to the huge demand for lending in our country, our low penetration and the compounding nature of our lending journey, we are extremely optimistic about the prospects of our lending business," Sharma added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sebi-approves-adani-groups-open-offer-for-26-stake-in-ndtv/articleshow/95527185.cms">Sebi approves Adani Group's open offer for 26% stake in NDTV</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/ongc-q2-results-profit-drops-30-to-12826-crore-as-govt-levies-windfall-tax/articleshow/95528095.cms">ONGC Q2 Results: Profit drops 30% to ₹12,826 crore as govt levies windfall tax</a>

Paytm sees no impact from lock-in expiry, trends show heavy buying

<ul><li>The 30-stock <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> closed 92 points higher at 61,511 while the <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> ended the day 23 points up at 18,267.</li><li>Investors are awaiting the <keyword id="6356435" type="General" weightage="20" keywordseo="us-federal-reserve" source="Orion">US Federal Reserve</keyword>’s meeting minutes due today that will provide signals to other central banks, say market experts.</li><li>Apollo Hospitals, JSW Steel, SBI, HDFC Life, and Bajaj Finance were the top gainers on the Nifty50 index.</li><li>On the BSE, there were more advances than declines – 1,854 stocks gained while 1,643 stocks ended the day in the red.</li></ul>Indian benchmark indices Nifty50 and Sensex closed higher on Wednesday, albeit with marginal gains, ahead of the monthly expiry of the F&amp;O segment on Thursday. PSU banks, oil &amp; gas, and metals pushed the benchmark indices higher. The 30-stock Sensex closed 92 points higher at 61,511 while the Nifty50 ended the day 23 points up at 18,267. The PSU banks index continued on its upward trajectory with gains of 1.02%, while the Nifty Media index gained the most today with an increase of 1.14%. Banks, financial services, and pharma were other notable gainers today. Asian markets also closed in the green with Japan’s Nikkei 225 closing up 0.61%, Hong Kong’s Hang Seng going up 0.57% and China’s Shanghai SE Composite Index closing 0.26% higher. Meanwhile, all eyes were on the US Federal Reserve’s meeting minutes due today that will provide signals to other central banks. The US Fed has so far raised interest rates six times, totaling 375 basis points. “Interestingly, FII purchases in the last several weeks have lifted the sentiment as well in the cash market. The Nifty VIX closed at 14.04, and we anticipate that Nifty will remain more range-bound over the next few days. The trend of unexpected surprises in inflation figures persisted, but the market once again adopted the adage ‘bad news is good news’,” said a report by Choice Broking. Foreign portfolio investors have been on a buying spree in the financial services sector, pouring in <a href="https://www.businessinsider.in/stock-market/news/fpis-pour-11452-crore-in-financial-services-in-the-first-half-of-november/articleshow/95681904.cms">₹11,452 crore in the first fortnight of November</a>. Brent crude oil prices continued to edge up, gaining 0.57% to hover around $88.2 per barrel. The Rupee fell 18 paise to close at 81.85 against the US dollar. Apollo Hospitals, JSW Steel, SBI, HDFC Life, and Bajaj Finance were the top gainers on the Nifty50 index. Here are the top gainers and losers in the Nifty500 index on Wednesday <div type="image" title="daily-profit-loss-2" msid="95717197" hostid="261"></div>Shares of companies like Tarsons Products, Venus Pipes, Ethos and Go Fashion will be in focus in the coming sessions as their <a href="https://www.businessinsider.in/stock-market/news/nykaa-policybazaar-paytm-among-nine-companies-whose-ipo-lock-in-period-ends-in-november/articleshow/95445657.cms">pre-IPO lock-in period expires in the next few days</a>. “Globally, Investors would keenly wait for Fed’s minutes that are due to be released on Thursday which will set the tone for the US Federal Reserve’s meeting in December. Domestic markets might see some action on the back of F&amp;O monthly expiry and macro data to be released globally,” said Siddhartha Khemka, head - retail research at Motilal Oswal Financial Services. On the BSE, there were more advances than declines – 1,854 stocks gained while 1,643 stocks ended the day in the red. Meanwhile, 111 stocks hit their 52-week high while 70 dropped to their 52-week low. Paytm hits a fresh 52-week low Paytm shares hit a fresh 52-week low of ₹438.35 before closing the day at ₹452.4 with a decline of 5.12%. Overall, Paytm’s shares are down 79% from the issue price of ₹ 2,150. This comes a day after Paytm’s shares clocked a decline of over 11%. A <a href="https://www.businessinsider.in/finance/news/mukesh-ambanis-jio-financial-services-deep-pockets-and-wide-reach-to-challenge-the-likes-of-paytm-bajaj-finance/articleshow/95714425.cms">new report by Macquarie Research</a> states that Jio Financial Services could prove to be a challenge for Paytm, apart from Bajaj Finance. In October, Reliance Industries announced its intent to demerge its financial services business and name it Jio Financial Services, and subsequently list it on the stock exchanges. Foreign institutional investors (FII) were net sellers yet again on Wednesday, pulling out ₹790 crore, while domestic institutional investors (DII) were net buyers, with an investment of ₹414 crore. <div type="image" title="sectoral-indices-2" msid="95717222" hostid="261"></div> <div type="javascript" title="Custom" contenttype="Text"><cdata><![CDATA[<blockquote class="stocktwits-embedded-post" data-origin="https://stocktwits.com" data-id="497760250"> $NIFTY50.NSE has continued to move at Price and Time inflexion zone, Prices are moving in expanding pattern and is failing to sustain above 18440 levels, on downside 18130 is important support as per both Price and 55 Days Time Cycle, in simple terms break below 18130 followed by 17970 will turn price and time both on sell side, until then play for the range 18130 - 18440 or use dips to buy, selling options is better strategy as momentum is not picking up in either direction. Volume are also faltering with overall poor breadth. Midcap and Smallcap indices are still far away from their lifetime high levels so the rise looks unsustainable for now. Next few days of price action will be important from here on. &mdash; (@kyalashish) <a href="https://stocktwits.com/kyalashish/message/497760250"> November 23, 2022</a></blockquote><script async src="https://stocktwits.com/min/widgets.js" charset="utf-8"></script>]]></cdata></div> SEE ALSO: <a href="https://www.businessinsider.in/finance/news/mukesh-ambanis-jio-financial-services-deep-pockets-and-wide-reach-to-challenge-the-likes-of-paytm-bajaj-finance/articleshow/95714425.cms">Mukesh Ambani’s Jio Financial Services’ deep pockets and wide reach to challenge the likes of Paytm, Bajaj Finance</a> <a href="https://www.businessinsider.in/business/corporates/news/women-on-nifty500-company-boards-rise-from-6-in-2014-to-17-6-but-the-pace-is-faltering/articleshow/95709351.cms">Women on Nifty500 company boards rise from 6% in 2014 to 17.6%, but the pace is faltering</a> <a href="https://www.businessinsider.in/business/news/vocal-for-local-online-commerce-unicorn-meesho-joins-ondc-to-aid-local-sellers/articleshow/95704818.cms">Vocal for local: Online commerce unicorn Meesho joins ONDC to aid local sellers</a>

Sensex, Nifty50 end a tad higher ahead of F&O expiry – Paytm hits a new 52-week low

Nykaa, Policybazaar, Paytm among nine companies whose IPO lock-in period ends in November

A year after market debut, Paytm is the worst performer among recent large IPOs – Cartrade, Policybazaar and LIC join the party

<ul><li>Analysts at BofA Global Research believe large shareholders could sell their stake in these <keyword id="476126" type="General" weightage="20" keywordseo="internet-companies" source="Orion">internet companies</keyword> post expiry of the lock-in period for pre-IPO investors last year.</li><li>These stocks gained significantly in the last one month and could result in some profit booking by shareholders.</li><li>Jack Ma-backed Ant Group is considering selling some of its shares in Paytm, according to reports.</li><li>BofA Global Research says that it sees revenue growth momentum for PB Fintech and Paytm in the near term.</li></ul>As new-age companies like Paytm, Nykaa and PB Fintech<a href="https://www.businessinsider.in/business/news/paytm-zomato-policybazaar-nykaa-companies-attain-spotlight-again-after-q3-performance/articleshow/98003305.cms"> chart a stronger path to profitability</a>, their stocks have been performing well in the last one month. This uptick may result in some pre-IPO (initial public offering) shareholders exiting them and that remains an overhang on the stock prices, opine analysts at BofA Global Research. “Post lock-in expiry for pre-IPO investors in names like Nykaa, <keyword id="11931339" type="General" weightage="20" keywordseo="delhivery" source="Orion">Delhivery</keyword>, Paytm and PB Fintech, we have seen increased volatility as a few early investors exited. However, the latest shareholdings of these companies indicates that there is adequate supply still, leading to a continued overhang on these names,” said the brokerage report. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New age internet companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change in last one month </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PB Fintech </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paytm </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zomato </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Delhivery </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nykaa </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr></tbody></table>Source: NSE as on February 27 Time to book profits? The fact that most of these stocks gained significantly in the last one month has deepened concerns that this could result in some profit booking. A case in point is a block deal in Paytm on February 10 by China’s Alibaba Group, which sold its remaining stake for about $167 million. According to <a href="https://timesofindia.indiatimes.com/business/international-business/jack-ma-backed-ant-group-plans-to-pare-stake-in-paytm/articleshow/98228637.cms?from=mdr">reports</a>, Jack Ma-backed Ant Group, an affiliate of Alibaba Group, is also considering selling some of its shares in Paytm to keep its holding within a required threshold. “Ironically, better-performing stocks may see blocks //(deals)// as these investors would like to cash-in where demand is high. The data indicates that there is further room for potential stake sales, which could affect the share price,” BofA said, adding that Softbank, Alibaba/Ant, Tencent etc continue to hold significant stakes in these companies. <img src="https://lh3.googleusercontent.com/n0931RZYn_JLZ8LWVHNG_t6dLQC4M1qc7a1jcfN8aUUmKhR0CjvekUoqvEngxfGXR3MzdEeCipCmu4bgclxyIvanpEkW51-q2-LMF6XpG2g2gAPcEvDKvZ3iroENWL_dT4zMJagsEYwd-jV3snbtnuM" /> Consumption slowdown to affect Zomato &amp; more BofA believes that in the next three-six months, consumer tech companies like Zomato, Nykaa, <keyword id="54613" type="General" weightage="20" keywordseo="makemytrip" source="Orion">MakeMyTrip</keyword> and even Delhivery will witness slightly slower growth on the back of consumption slowdown, and as they curtail discounts/expenses to focus on profitability. Moreover, Zomato and Nykaa did not deliver overall improvement in financials unlike their fintech peers in the third quarter either. Yet, analysts see a ray of optimism as they <a href="https://www.businessinsider.in/business/news/paytm-zomato-policybazaar-nykaa-companies-attain-spotlight-again-after-q3-performance/articleshow/98003305.cms">believe that a long-term </a>bet on them is worth it despite several roadblocks. “The long-term growth potential of these companies is huge and, therefore, in spite of the short-term challenges, these stocks have buyers, particularly after the sharp correction from their listing peak prices,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rating </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target price </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Current share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nykaa </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Buy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹200 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹140 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PB Fintech </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Buy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹600 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹580 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paytm </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Neutral </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹745 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹637 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zomato </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Neutral </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹72 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹53 </td></tr></tbody><tbody></tbody></table>Source: BofA Global Research ‘See revenue momentum in PB Fintech &amp; Paytm’ BofA is a tad more optimistic about fintechs. In the third quarter, <a href="https://www.businessinsider.in/business/news/paytm-founder-announces-operating-profitability-says-free-cash-flow-generation-is-next/articleshow/97596818.cms">Paytm </a>and PB Fintech narrowed their losses, trumping analyst expectations. Paytm’s December-quarter performance was a positive surprise as it posted its first ever quarterly operating profit. The growth was driven by a pick up in merchant subscription revenues and loan distribution. Analysts at BofA Global Research say they see revenue growth momentum for PB Fintech and Paytm in the near term. “For Paytm, we expect momentum in its lending business to remain strong as its personal loans and merchant loans scale up. Paytm, in our view, is also benefiting from lower competition in the fintech space given tighter RBI (Reserve Bank of India) regulations, funding winter and rising interest rate environment,” said the BofA report. The December-quarter performance of PB Fintech, the parent company of Policybazaar and Paisabazaar, was another surprise for investors as it narrowed losses significantly. Its insurance premiums jumped 70.3% on year to ₹30.3 billion driven by a strong showing across segments. “For PB Fintech, as per management, its renewal business should generate ₹4-4.5 billion revenues in FY24 (from ₹3 billion in FY23). Its core business is already positive and losses from new initiatives are coming down. Management has also guided for FY27 net income of ₹10 billion – improving net income visibility,” BofA added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/divgi-torqtransfer-systems-412-crore-ipo-to-open-this-week-grey-market-premium-at-60/articleshow/98272802.cms">Divgi TorqTransfer Systems’ ₹412 crore IPO to open this week; grey market premium at ₹60</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/passenger-vehicles-to-continue-driving-auto-sales-in-february-evs-gain-a-stronghold/articleshow/98272857.cms">Passenger vehicles to continue driving auto sales in February, EVs gain a stronghold</a>

Stock price run up in Paytm, Nykaa, Zomato, PB Fintech & Delhivery could see large shareholders cashing out - BofA

New-age tech companies rake in business but are still making losses

<ul><li>The Sensex ended 230 points lower while the Nifty50 closed 65 points lower on Thursday.</li><li>Foreign institutional investors (FII) ploughed in ₹618 crore while domestic institutional investors (DII) invested ₹449 crore, according to provisional data from BSE.</li><li><a href="https://www.businessinsider.in/stock-market/news/paytm-shares-tank-over-9-as-4-5-of-its-equity-changes-hands/articleshow/95574534.cms">Paytm</a> was in the spotlight as the shares witnessed a sell-off after the lock-in period for promoters and shareholders ended.</li></ul>Indian benchmark indices Sensex and Nifty50 ended in the red on Thursday amid mixed cues from global markets. While the Sensex ended 230 points lower at 61,750, the Nifty50 closed 65 points lower at 18,343. Most sectoral indices ended in the red with the auto, utilities and IT stocks losing the most sheen. New-age company <a href="https://www.businessinsider.in/stock-market/news/paytm-shares-tank-over-9-as-4-5-of-its-equity-changes-hands/articleshow/95574534.cms">Paytm</a> stole the spotlight as it witnessed a sell-off after the lock-in period for promoters and shareholders of the company ended in November. “Nifty closed lower on November 17 after two-day gains due to mixed global cues. It remained in a 105-point band through the day, suggesting limited intra-day volatility once again. Triggers for market-wide movement are missing even as the new-age stocks kept coming under selling pressure on the expiry of the lock-in period and some bargain hunters came in to buy at lower levels,” said Deepak Jasani, Head of Retail Research at HDFC Securities. Paytm shares closed 10.78% lower today as huge volumes of shares exchanged hands through several block deals. A block deal involving 29.5 million shares, amounting to ₹1,660 crore was executed, although the seller details are not known yet. Shares of another new-age company Nykaa have also been sold heavily post the ending of the lock-in period, depressing the stock 12% in the last three sessions. However, the scrip closed in the green on Thursday with gains of 0.62%. Most Asian markets ended in the red on Thursday with Hang Seng (-1.04%) and Nikkei 225 (-0.35%) leading the declines. The Sensex and the Nifty50 have experienced volatility over the last five days, gaining nearly 0.3% in this period. Some losses were pared in the global as well as domestic markets after US President Joe Biden’s comments on a blast in Poland raised hopes that the US Fed will go slow on hiking interest rates. ICICI Bank, Adani Enterprises and L&amp;T were amongst the stocks with highest gains on the bourses today. Overall, 722 stocks closed the day in the green while 1,261 stocks closed in the red. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Cons. Products </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.14% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titan Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.36% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Enterprises </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.56% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.13% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.3% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.95% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.68% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apollo Hospital </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.76% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharti Airtel </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.59% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.75% </td></tr></tbody><tbody></tbody></table> Source: NSE Overall, foreign institutional investors (FII) ploughed in ₹618 crore while domestic institutional investors (DII) invested ₹449 crore, according to provisional data from BSE. “The benchmark indices witnessed lacklustre activity. Among sectors, auto and digital indices corrected over 1% whereas some buying interest was seen in selective PSU Banks stocks,” said Shrikant Chouhan, head of equity research (Retail) at Kotak Securities. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/paytm-shares-tank-over-9-as-4-5-of-its-equity-changes-hands/articleshow/95574534.cms">Paytm shares tank over 9% as 4.5% of its equity changes hands</a> <a href="https://www.businessinsider.in/business/corporates/news/india-inc-q2-fy23-revenue-rises-to-25-6-lakh-crore-here-are-the-winners-and-losers/slidelist/95577982.cms">India Inc. Q2 FY23 revenue rises to ₹25.6 lakh crore – here are the winners and losers</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-introduces-five-international-plans-for-the-fifa-world-cup-travelers/articleshow/95577309.cms">Jio announces international roaming plans for its users traveling to FIFA World Cup 2022 in Qatar</a>

Nifty, Sensex close in the red dragged by utilities, auto stocks – Paytm sees sell-off

The Indian government’s unified payments interface (<keyword id="6358921" type="General" weightage="100" keywordseo="upi" source="Orion">UPI</keyword>) was launched back in 2016, and it took the technology just about three years to cross a billion transactions. The technology is meant to simplify digital payments and make them more amenable to mobile phone users, and it has just done, for over five years now. On paper, UPI is meant to do the same thing that payments systems like National Electronic Funds Transfer (NEFT) or Immediate Payments Service (IMPS) do — send payments from one account to another, within the same bank or across banks. But UPI is much simpler, and doesn’t necessarily require you to access the bank’s app or online banking systems. It uses people’s UPI IDs and UPI PINs to complete electronic payments in real time. You can use the <keyword id="6357120" type="General" weightage="50" keywordseo="paytm" source="Orion">PayTM</keyword> UPI system to avoid using your bank’s platform. What is <keyword id="4003296" type="General" weightage="50" keywordseo="upi-id" source="Orion">UPI ID</keyword>? The UPI ID is your first entry into the UPI ecosystem. This is the ID you will share with others to receive payments, and the ID that you will use in order to send payments to others as well. The UPI ID is linked to your bank account, and ensures that money is deducted or deposited to the right account. A separate UPI ID will have to be created for each bank account that you have. To create one, though, you will need to access a UPI gateway like PayTM. These gateways allow you to create the UPI ID and set up the <keyword id="4760578" type="General" weightage="80" keywordseo="upi-pin" source="Orion">UPI PIN</keyword>. What is UPI <keyword id="6376717" type="General" weightage="80" keywordseo="pin" source="Orion">PIN</keyword>? UPI payments from apps like Paytm are real-time, and they can be done from virtually any smartphone today, but it still requires an authentication medium. Enter, the UPI PIN. After you set up your UPI ID, you will have to set up this four-digit PIN, which is used to authenticate all transactions. Whenever you send a payment to someone, you will need to enter this pin on your mobile phone in order to validate the transaction. Your UPI PIN, like an <keyword id="48577" type="General" weightage="50" keywordseo="atm" source="Orion">ATM</keyword> or credit card PIN, should be kept secret. Since UPI payments can be done from anywhere, and any phone, divulging the PIN to unknown parties can leave you open to frauds. The PIN is also required when you switch UPI apps, or change phones and have to set up your UPI app of choice for a second time. How to set up the UPI PIN? Once you <a href="https://p.paytm.me/xCTH/upimoneytext">download </a>an UPI payment application, like PayTM, on your smartphone, you will need to follow the following steps in order to set up the UPI PIN. <ul><li>Tap the <a href="https://paytm.com/settings/personal-info">‘Profile’ </a>option on the top left corner of the PayTM app. </li><li>Find the Payment Settings option in the menu that opens from tapping on this icon. </li><li><keyword id="14635143" type="General" weightage="20" keywordseo="inside-payment-settings" source="Orion">Inside Payment Settings</keyword>, you will find the <keyword id="14635142" type="General" weightage="20" keywordseo="upi-linked-bank-accounts" source="Orion">UPI &amp; Linked Bank Accounts</keyword> option, which shows the list of accounts you have linked to the app. </li><li>The app will show you the option to set up a UPI PIN for whichever bank account you haven’t created one for yet. </li><li>Click on <keyword id="14635141" type="General" weightage="50" keywordseo="set-pin" source="Orion">Set Pin</keyword> and enter the last six digits of your debit card number, along with the expiry date of the card. </li><li>The bank will then send you an OTP on your registered mobile number, which needs to be entered on the app. </li><li>You will then get the option to set up the UPI PIN of your choice, and you can click the submit button once you’re sure of the pin. </li></ul>How to change the UPI PIN? Once you have set up the UPI PIN, you can use the same steps to change the pin when required. The UPI system doesn’t require a regular PIN change, but it is a good idea to change the PIN intermittently, in order to keep yourself more secure. Once you have set up your UPI PIN, the PayTM mobile application will show the option to ‘Change PIN’ where it earlier showed the ‘Set PIN’ option. <ul><li>To change the UPI PIN, you need to open the <a href="https://p.paytm.me/xCTH/upimoneytext">PayTM </a>app and tap on the profile option on the top left. </li><li>From here, tap on the Payment Settings option </li><li>Navigate to linked bank accounts. </li><li>The option to change the UPI pin should show up under the bank accounts you have linked to the app. </li><li>If you haven’t created an UPI ID, you will get the option to set a pin.</li></ul><img src="https://lh5.googleusercontent.com/5I2FVz3n5QEWyiI1YVOKQwk3HsLsBtACyV0zPaaPcwabnAkCuucF16dOlt7aJ7OD36k5aTWVFV5cPxd1vqVgeyiWdSDOPwfkduWdNnD4JiWL7XEC-Ir_qRrsKHCNiq4hAJhgnaxK6QPMTlH4T8am9L4" /> <img src="https://lh6.googleusercontent.com/27jdZr0Wlwzud2oN6sjK03ym8jGiTyCyYF7XoWuYQBxdyKyp5Vz2n82Qy7WJ6MI7NyuhB69esHH_6YizvXbB5GkqWn-yA8mA5TwzyIYdu4mZ46dMZQ0Vk7ia8I0_6rQ7qMzE40HuTT_QYTg6hSppqio" /> How to protect your UPI PIN? As mentioned before, the UPI PIN should be protected and shouldn’t be shared with anyone. Additionally, the UPI PIN should also not be a PIN you use for another purpose — like the MPIN, the credit card or ATM PIN or even your phone’s lock screen passcode. The MPIN is the passcode you use to access a bank’s mobile application. Disclaimer: This article is generated and published by the <keyword id="14028703" type="General" weightage="20" keywordseo="insider-studios" source="Orion">Insider Studios</keyword> team. You can get in touch with them on insiderstudios@businessinsider.in

Simplifying digital payments: Creating a UPI pin adds the layer of protection

<ul><li><keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> opened at 61,812, down by 0.3% or 168 points, while <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> opened at 18,359, down by 0.3% or 51 points.</li><li>Adding to the volatility today is the weekly expiry in the futures and options segment.</li><li>While markets have remained volatile this entire week, Sensex has managed to gain 2.36% in the last five days, thanks to <a href="https://www.businessinsider.in/stock-market/news/fpis-pour-28888-crore-into-equities-in-the-first-fortnight-of-november/articleshow/95560705.cms">foreign investor inflows</a> and the October inflation print which came in at 6.77%, falling from 7.41% in September.</li></ul>Indian benchmark indices Nifty50 and Sensex opened in the red on Thursday, tracking negative cues from the global markets including SGX Nifty. Sensex opened at 61,812, down by 0.3% or 168 points, while Nifty50 opened at 18,359, down by 0.3% or 51 points. On Wednesday, Sensex closed 107 points higher at 61,980 while Nifty50 closed six points higher at 18,409 after <a href="https://www.businessinsider.in/stock-market/news/sensex-ends-107-points-higher-after-touching-a-new-high-in-intra-day-trade/articleshow/95559654.cms">hitting all-time highs</a> during the day. The SGX Nifty, which is an early indicator of Nifty50’s performance, was down 88 points ahead of the markets opening for the day. Adding to possible volatility today is the weekly expiry in the futures and options segment. While markets have remained volatile this entire week, Sensex managed to gain 2.36% in the last five days, thanks to <a href="https://www.businessinsider.in/stock-market/news/fpis-pour-28888-crore-into-equities-in-the-first-fortnight-of-november/articleshow/95560705.cms">foreign investor inflows</a> and the October inflation print which came in at 6.77%, falling from 7.41% in September. Stocks to watch out for One 97 Communications: SoftBank is planning to offload a stake worth $215 million in Paytm as the <a href="https://www.businessinsider.in/stock-market/news/nykaa-policybazaar-paytm-among-nine-companies-whose-ipo-lock-in-period-ends-in-november/articleshow/95445657.cms">lock-in period for pre-IPO investors ends</a>, according to a Bloomberg report. In total, 29 million shares are to be made available in a price band of ₹555-601 per share, which is at a discount of 7.7% to Wednesday’s closing price. Tata Power: Its subsidiary, Tata Power Solar Systems, has tied up with Union Bank of India to increase rooftop solar adoption in the micro, small and medium enterprises (MSME) sector. Tata Motors: Thierry Bollor, the CEO of Jaguar Land Rover has resigned. Adrian Mardell will be the interim CEO. <keyword id="123399" type="General" weightage="20" keywordseo="us-markets" source="Orion">US markets</keyword> edge lower US markets closed lower on concerns of poor consumer spending inflicted by high inflation. This comes after retail giant Target reported a sudden 52% fall in its profit as consumer spending declined before the crucial Christmas season indicating a softer holiday season. S&amp;P 500 declined 0.83% while Dow Jones Industrial Average fell 0.12%. The tech-heavy Nasdaq Composite fell 1.54% at close on Wednesday. <keyword id="35189" type="General" weightage="20" keywordseo="asian-markets" source="Orion">Asian markets</keyword> in the red In Asia, markets traded in the red, with Japan’s Nikkei 225 losing 0.4%, Hong Kong’s Hang Seng index declining 2.37%. South Korea’s KOSPI shed 1.04%, and China’s Shanghai Composite declined 0.68%. “Asian stocks were mixed on Thursday as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data and as a closely watched section of the US yield curve remained near levels not seen in four decades,” said Deepak Jasani, head of retail research at HDFC Securities. Analysts expected a weak opening on Thursday because of global markets, geopolitical concerns, rising Covid-19 cases in China and profit booking in some pockets of the home markets due to exorbitant valuation. “The market is likely to struggle in early trades Thursday, tracking weakness across the Asian indices after US gauges faltered in overnight trades. The escalating war situation in Ukraine is making investors nervous as its ramifications are huge on global trade,” said Prashanth Tapse - research analyst, senior VP (research) at Mehta Equities. Meanwhile, crude oil prices have fallen on concerns over demand given Covid-19 cases have been rising in China along with geopolitical tensions. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sun Pharmaceuticals </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.10% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.46% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Enterprises </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.77% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Steel </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.64% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cipla </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.70% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.51% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.63% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.44% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ITC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.41% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grasim Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.11% </td></tr></tbody></table>Source: NSE, as of 9.20 a.m., November 17, 2022 SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/fpis-pour-28888-crore-into-equities-in-the-first-fortnight-of-november/articleshow/95560705.cms">FPIs pour ₹28,888 crore into equities in the first fortnight of November</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/whenever-small-caps-trade-at-a-discount-to-nifty-they-have-given-outsized-returns-incred-wealth/articleshow/95536784.cms">Whenever small caps trade at a discount to Nifty, they have given outsized returns: InCred Wealth</a> <a href="https://www.businessinsider.in/finance/news/remain-watchful-is-rbi-governors-advice-to-heads-of-banks-amid-global-headwinds/articleshow/95569579.cms">'Remain watchful' is RBI Governor's advice to heads of banks amid global headwinds</a>

Indian markets open in the red amid weakness in global markets – Paytm, Tata Power among stocks to watch out for

<img class="gwt-Image" src="/photo/50683453.cms" /> I was compelled to pick my Oneplus 2 handset yesterday when I first heard about the <keyword id="3216446" type="UNKNOWN" weightage="100" keywordseo="FreeCharge-Go-card">FreeCharge Go card</keyword> launch. What would it feel like to use a virtual card, I wondered, as I downloaded the mobile wallet on my phone eagerly. Yep, I was not one of the 15 million users of FreeCharge app till yesterday and here I am using both the app and the newly launched card today. For starters, I feel merely the curiosity of experiencing a transaction using a virtual credit-like card will get a lot of enthusiastic people like me to sign up for the digital card. 
 
What does it take to get one, after all? Just two minutes of your time. Literally! 
 
I was astounded myself when it flashed my own 16-digit card on the screen within two minutes of my entering an MPIN. 
 
<img class="gwt-Image" src="/photo/50683423.cms" style="width: 800px; height: 600px;" /> 
 
Now, what’s an MPIN for? It’s password protection for your card so that nobody else can access it, and works the same way as your phone lock. The details of your card, therefore, will be visible or accessible only to you when you enter your four digit MPIN. No more shying away from entering your pin details in front of offline merchants or strangers! 
 
Anyway, so here I got my FreeCharge Go card within no time and it looked exactly like a regular card we carry in our wallets today! 
 
<img class="gwt-Image" src="/photo/50683444.cms" style="width: 800px; height: 600px;" /> 
 
Nice… The next thought is now what? Let’s try to do a transaction. But, how do we exactly use this, where and how will it help to use this card over a debit/credit card? A little bit of reading first would do no harm, I felt. After the research, I decided to get onto using this new little thing for a purchase. Though I began with skepticism quite honestly, but on the way I figured that there’s no algebra or geometry behind using it. It’s in fact used the same way we have been using an ICICI or HDFC or any other bank credit/debit card for that matter. One thing to remember, however, is this card is a PREPAID card, which means your Freecharge Wallet in the phone needs to have enough balance to cover the purchase you are making using your FreeCharge Go card. So, first add money to the Freecharge Wallet and then you are good to go. 
 
So, I headed straight to Flipkart and decided to purchase a watch for a friend who will be turning 28 this Sunday. Watch selected.. Address details added.. and now came the payment stage. I was required to choose the credit card option, copy the 16-digit card number and other details like CVV and expiry date. Now? 
 
<img class="gwt-Image" src="/photo/50683439.cms" style="height: 600px; width: 800px;" /> 
 
That’s it. At this stage, I felt reassured that its usage procedure is almost same as the other cards, and it can be used on any online payment gateway that supports MasterCard. 
 
After the purchase, every transaction using the card needs to be verified by an OTP as a security measure, I had read up, which is sent to the registered mobile number. In about 30 seconds from the time I made the payment, I got mine too! 
 
Once verified, as per the offer valid for 21 and 22 January, I immediately received Rs 100 cash back in my FreeCharge Wallet on the total amount I paid. Wow, not bad at all! 
 
Another thing - The second time you use the card, the transaction merchant can ask the customer if they’d like them to take the address registered on FreeCharge, just like Facebook. So, it also does away with the problem of typing your details over and over again. 
 
Personally, I found it an extremely effective way of making payments as its doubly secure, seamless, hassle-free, attractive due to cashbacks and discounts, and can be used on all Indian websites and mobile apps. Moreover, one can also avail its benefits at offline stores as the mobile online wallet company has also introduced offline payments a few weeks ago in partnerships with Westlife Development Ltd, owner of the Master Franchisee of McDonald’s west and south India, and Shopper’s Stop. In this case, the customers paying offline need not have to give their pin but rather a changing OTP which is available at all times with or without network on the app. The firm is looking at more partnerships with the offline merchants in the coming months. 
 I think it’s time folks at <keyword id="143842" type="UNKNOWN" weightage="100" keywordseo="Mobikwik">MobiKwik</keyword> and <keyword id="6357120" type="UNKNOWN" weightage="100" keywordseo="PayTM">Paytm</keyword> pull up their socks, because boss FreeCharge Go card can be quite the gamechanger!

I used Freecharge's new FreeCharge Go card
and it's quite the game changer

Mortgage lender <keyword id="45123" type="General" weightage="100" keywordseo="hdfc" source="Orion">HDFC</keyword> will raise up to Rs 5,500 crore by issuing bonds on a private placement basis to shore up its resources. The secured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 4,000 crore with an option to retain an oversubscription of up to Rs 1,500 crore. "The object of the issue is to augment the long-term resources of the Corporation," <keyword id="83209" type="General" weightage="50" keywordseo="hdfc-ltd" source="Orion">HDFC Ltd</keyword> said in a regulatory filing on Tuesday. The largest mortgage lender in the country said it will use the proceeds from the issue for financing or refinancing the housing finance business requirements. The bondissue opens on November 17, 2022, and closes on the same day. <keyword id="107851" type="General" weightage="50" keywordseo="housing-development-finance-corporation" source="Orion">Housing Development Finance Corporation</keyword> (HDFC), set for a merger with its subsidiary <keyword id="6357149" type="General" weightage="50" keywordseo="hdfc-bank" source="Orion">HDFC Bank</keyword>, will offer a coupon at 7.70 per cent per annum on the bonds. The tenor of the bonds is of three years. HDFC stock was trading at Rs 2,667.10 on the <keyword id="35140" type="General" weightage="50" keywordseo="bse" source="Orion">BSE</keyword>, up 0.21 per cent from the previous close. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/ongc-q2-results-profit-drops-30-to-12826-crore-as-govt-levies-windfall-tax/articleshow/95528095.cms">ONGC Q2 Results: Profit drops 30% to ₹12,826 crore as govt levies windfall tax</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/paytm-sees-no-impact-from-lock-in-expiry-trends-show-heavy-buying/articleshow/95528992.cms">Paytm sees no impact from lock-in expiry, trends show heavy buying</a>

HDFC to raise up to Rs 5,500 cr via bonds on Thursday

<ul><li>MMR accounted for 39% share in the new launches, whereas <keyword id="66" type="General" weightage="100" keywordseo="delhi" source="Orion">Delhi</keyword> had only 7% share. </li><li>New launches of MMR rose by 21% against the second quarter of 2022. </li><li>In Delhi, new launches saw a 9% year-on-year decline.</li></ul><keyword id="6741044" type="General" weightage="20" keywordseo="new-property-launches" source="Orion">New property launches</keyword> are picking up across top cities, as the sector has sharply recovered from its pre-pandemic lows. <keyword id="6361772" type="General" weightage="50" keywordseo="mumbai-metropolitan-region" source="Orion">Mumbai Metropolitan Region</keyword> (MMR) saw the most new launches in the third quarter, among the top seven cities.According to <keyword id="4695749" type="General" weightage="20" keywordseo="Anarock" source="Orion">Anarock</keyword>’s Q3 2022 Residential Market Overview, MMR accounted for 39% of the share of new launches – at 36,000 units. New launches in MMR rose by 21% against the second quarter and 118% as compared to the same quarter last year. Amongst the three sub-markets of MMR, Mumbai, contributed nearly 79% to the new supply, followed by 15% in Thane and the rest in Navi Mumbai. <keyword id="674224" type="General" weightage="50" keywordseo="delhi-ncr" source="Orion">Delhi NCR</keyword>, on the other hand, witnessed the highest year-on-year decline in new launches. During the quarter, its new launches accounted for a mere 7% of the total new supply in Q3 across the top seven cities. Approximately 6,400 new residential units were launched between July and September 2022, according to the report. Within Delhi NCR, Gurgaon had the highest supply share of 61% in Q3 but saw a decline of 9% against Q2. Greater Noida, at the second spot, saw a 19% q-o-q rise and also witnessed an increase in the new launch activity, contributing 28% to the NCR’s overall new supply. Noida and Faridabad are the two NCR markets which saw no new launch activity in the current quarter, the report said. <cmsannotation type="cmsannotation" annotationid="Delhi has more affordable supply" comment="subhead" text="Delhi has more affordable supply">Delhi has more affordable supply</cmsannotation> “In contrast to the preceding quarter, mid-end segment in NCR has surpassed the number of affordable housing launches to become the top launched price bracket among developers in the current quarter, accounting for 35% of new supply,” the report added. In MMR, most of the new supply was launched in the affordable, mid end and high end segments — accounting to 22%, 29% and 21% respectively, to new launches in the current quarter. Delhi also saw the highest drop in the inventory, whereas, MMR’s available inventory remained stable on a year-on-year basis, according to the report. NCR had 1.32 lakh unsold units by the end of Q3, while Mumbai had around 1.91 lakh units. MMR also recorded the highest sales of home properties among the top seven cities, with over 26,400 residential sales recorded between July and September this year. On the other hand, NCR recorded a decline in quarter-to-quarter housing sales by 2%, with only 15,000 properties sold in Q3 of 2022. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/95-indian-companies-experiencing-new-types-of-fraud-after-covid/articleshow/95530428.cms">95% Indian companies experiencing new types of fraud after Covid</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/paytm-sees-no-impact-from-lock-in-expiry-trends-show-heavy-buying/articleshow/95528992.cms">Paytm sees no impact from lock-in expiry, trends show heavy buying</a>

You Searched For "paytm lock in expiry" and got 13 results

Paytm shares tank over 9% as 4.5% of its equity changes hands

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Paytm sees no impact from lock-in expiry, trends show heavy buying

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Sensex, Nifty50 end a tad higher ahead of F&O expiry – Paytm hits a new 52-week low

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Nykaa, Policybazaar, Paytm among nine companies whose IPO lock-in period ends in November

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A year after market debut, Paytm is the worst performer among recent large IPOs – Cartrade, Policybazaar and LIC join the party

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Stock price run up in Paytm, Nykaa, Zomato, PB Fintech & Delhivery could see large shareholders cashing out - BofA

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New-age tech companies rake in business but are still making losses

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Nifty, Sensex close in the red dragged by utilities, auto stocks – Paytm sees sell-off

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Simplifying digital payments: Creating a UPI pin adds the layer of protection

Insider Studios

Indian markets open in the red amid weakness in global markets – Paytm, Tata Power among stocks to watch out for

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Rounak

I used Freecharge's new FreeCharge Go card and it's quite the game changer

Anushree Singh

HDFC to raise up to Rs 5,500 cr via bonds on Thursday

PTI

Mumbai tops in new property launches in Q3, Delhi saw the highest decline: Anarock

Vaamanaa Sethi