Shares of Paytm’s parent company, One 97 Communications, hit a record low. Paytm is losing business due to RBI ban on Paytm Payments Bank. Authorities advise users to get new RFID stickers. Retail investors are warned to stay away from the stock.
Towards this end, we retain our last week’s view of 25390. Downside marker meanwhile would be at 24770, with supports below seen at 24470 and
Headline inflation in India also remains fairly benign with persistent inflation pockets like vegetable prices unlikely to be materially influenced by monetary policy. All in
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