Nifty 500 Losers: Paytm Falls 10% To Hit Lower Circuit Again

Published 05-02-2024, 05:03 pm
Updated 05-02-2024, 06:16 pm
©  Reuters Nifty 500 Losers: Paytm Falls 10% To Hit Lower Circuit Again
NIFTY500
-
BOI
-
ENGI
-
UPLL
-
DEVY
-
PAYT
-

Benzinga - Friday’s trading session in the Indian stock market showcased a dynamic range of performances, with UCO Bank (NS:UCBK) leading the surge among the top gainers in the NIFTY 500 index, while UPL faced a significant downturn, marking it as the day’s biggest loser.

UCO Bank stood out with a remarkable 14.24% increase, closing at ₹57.75.

Stock Current Price Last Close % Change
UCO Bank ₹57.75 ₹50.55 14.24%
Indian Overseas Bank (NS:IOBK) ₹62.65 ₹56.15 11.58%
The New India Assurance Co. Ltd. ₹265.65 ₹242.1 9.73%
MMTC (NS:MMTC) Ltd. ₹92.2 ₹84.15 9.57%
General Insurance Corporation of India ₹408.65 ₹377.2 8.34%

Indian Overseas Bank and The New India Assurance Co. followed with significant gains of 11.58% and 9.73%. MMTC and General Insurance Corporation of India also featured among the top performers with increases of 9.57% and 8.34%, respectively.

Conversely, UPL Ltd (NS:UPLL). experienced a sharp decline of 11.18%, closing at ₹474.00.

Stock Current Price Last Close % Change
UPL Ltd. ₹474.0 ₹533.65 -11.18%
One97 Communications Ltd. (Paytm (NS:PAYT)) ₹438.5 ₹487.2 -10.0%
Bank of India (NS:BOI) ₹138.6 ₹151.55 -8.55%
Engineers India Ltd. (NS:ENGI) ₹244.25 ₹261.35 -6.54%
Devyani International (NS:DEVY) Ltd. ₹162.25 ₹173.0 -6.21%

Paytm and Bank of India also faced significant setbacks, with their stock prices dropping by 10.0% and 8.55%. Engineers India and Devyani International rounded out the list of top losers with declines of 6.54% and 6.21%, respectively.

The Indian benchmark indices closed lower, retracting from their intraday highs. The Sensex ended down 354.21 points or 0.49% at 71,731.42, while the Nifty closed down 82.10 points or 0.38% at 21,771.70. Consumer Durables, Financial Services, FMCG, and Banks were among the sectors experiencing significant losses. Additionally, broader markets saw a sell-off, with many indices closing in negative territory.

Read Next: If You Invested ₹10,000 In Tata Motors (NS:TAMO) A Year Ago, Here's How Much You'd Have Today

Engineered by Benzinga Neuro, Edited by

Utkarsh Roshan

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.

Learn more.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.