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

Friday’s trading session in the Indian stock market showcased a dynamic range of performances, with UCO Bank 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.

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. experienced a sharp decline of 11.18%, closing at ₹474.00.

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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.

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