Stock Market Today: The 30-share BSE benchmark Sensex ended the day at 72,996, up 526 points, or 0.73%. The whole NSE Nifty closed at 22,124, up 119 points, or 0.54%. A lower opening on Thursday is indicated by the GIFT Nifty on the NSE IX. Following Goldman Sachs’ announcement of a Street-high target price, heavyweights HDFC Bank and Reliance Industries spearheaded a dramatic comeback and higher closing price for the Indian benchmark equity indices on Wednesday. A decline in the price of crude oil supported expectations of stable refining margins, which in turn helped oil marketing companies improve sentiment. The Federal Reserve’s statement that it wasn’t in a rush to lower rates in light of persistent inflation and traders’ anticipation of important economic data gave the U.S. dollar a lift against its main currency counterparts on Thursday.
Stock Market Today: Stocks in focus
Paytm
One97 Communications Ltd., the parent company of Paytm, is allegedly close to appointing HDFC Bank as the third partner for merchant migration. Axis Bank and Yes Bank, who both launched on the Paytm UPI platform on March 15, have already been added by Paytm as merchant acquisition partners. According to the article, HDFC Bank and SBI are anticipated to open for business this week as payment service provider (PSP) banks for the third-party application provider (TPAP) market operated by Paytm.
Bajaj Finance
A number of investment banks have initiated preliminary talks with Bajaj Housing Finance, a division of Bajaj Finance Ltd., over a possible initial public offering (IPO). According to three people with knowledge of the situation, the IPO is anticipated to value the company between $9 billion and $10 billion in compliance with regulatory requirements. According to the RBI’s current regulatory schedule, Bajaj Housing Finance must go public by September 2025.
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