Despite the negative global cues, Indian markets were stable with marginal gains on Monday. Early transactions saw the benchmark S&P BSE Sensex trading at about 65,867 levels, up 145 points or 0.22 percent.
On the other side, the Nifty50 continued to trade above the 19,550 level. The BSE MidCap and SmallCap indices saw gains of 0.3% and 0.6%, respectively, in the larger markets.
India VIX
Meanwhile, all sectoral indices increased except the Nifty FMCG index. The Nifty IT index outperformed all others, increasing by 5%.
Shares of Paytm rose 9% after the fintech startup said that Vijay Shekhar Sharma would pay $628 million to acquire Antfin (Netherlands) Holding B.V.’s 10.30% holding in Paytm.
- Indian markets stable with marginal gains on Monday.
- Paytm shares rise 9% after Sharma pays $628 million for Antfin’s 10.30% stake.
- Angel One’s clientele grows by 45.5% YoY, boosting stock price by 1.3%.
Shares of the state-owned lender Bank of Baroda decreased by over 2%. BoB’s net profit increased by 87.7% to Rs 4,070 crore for the quarter that ended in June 2023 from Rs 2,168 crore in the same quarter the previous year. The total amount of income increased by 48.5% year over year (YoY) to Rs 29,878 crore.
After reporting a 45.5% YoY increase in clientele from 10.75 million in July 2022 to 15.65 million in July 2023, Angel One recorded a 1.3% increase in its stock price.
