financetom
Market
financetom
/
Market
/
Top News Podcast: Govt says all Indian students stuck in Ukraine's Sumy evacuated; Paytm shares hit fresh low; RBI launches UPI123Pay and more
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top News Podcast: Govt says all Indian students stuck in Ukraine's Sumy evacuated; Paytm shares hit fresh low; RBI launches UPI123Pay and more
Mar 8, 2022 11:09 AM

All Indian students stranded in Sumy have now been evacuated, Union Minister Hardeep Singh Puri said on Tuesday. He tweeted that all the students who were stuck in the Ukrainian city of Sumy have been safely moved to Poltova in buses.

The development comes as Ukraine and Russia agreed to one evacuation corridor in Sumy, which has seen sustained Russian attacks and airstrikes in recent days.

Apart from the latest on the Russia-Ukraine crisis, in this edition of CNBCTV18.com’s Top News Podcast, Kanishka Sarkar shares the latest on assembly elections, stock market, NSE co-location scam, and more.

The market snapped its four-day losing streak and ended in the green, giving up initial losses. Sensex rose 581.3 points to end at 53,424.1 and Nifty50 settled at 16,013.5, up 150.3 points from its previous close. Financial and IT stocks gained whereas metal and select oil & gas stocks lost. Investors globally however remained cautious tracking newsflow on the Russia-Ukraine war.

Paytm shares, however, hit a fresh low during the day and plunged more than 65 percent below their issue price in just four months of listing. The stock slipped 2.8 percent from its previous close to an all-time low of Rs 732.35. It ended the day 1.9 percent lower at Rs 739.

On the trade front, government sources told PTI, India may consider alternative payment mechanisms for exporters if the Russia-Ukraine conflict continues for a long time and key trade sectors such as gems and jewellery face a problem in international cash transfer.

Meanwhile, the Reserve Bank of India (RBI) has launched a Unified Payments Interface (UPI) UPI123Pay for feature phones and a 24X7 helpline for digital payments platform DigiSaathi. This means people who do not have a smartphone or internet connection will also be able to make digital payments.

RBI Governor Shaktikanta Das said UPI123Pay will help achieve financial inclusion. He said the platform makes facilities under UPI accessible to that section of society that was so far excluded from the digital payment landscape.

In Goa, a day after the exit polls predicted a hung Assembly in Goa, hectic political activities have begun in the state with the Congress focusing on keeping its flock together and plans to shift all its candidates to a resort, a senior party leader said.

Tune in to Top News Podcast for more

In case you have any queries or suggestions, please write to us on [email protected]

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Health Care
Sector Update: Health Care
Dec 17, 2024
08:53 AM EST, 12/17/2024 (MT Newswires) -- Health care stocks were edging lower pre-bell Tuesday as the Health Care Select Sector SPDR Fund (XLV) and iShares Biotechnology ETF (IBB) were around 0.1% lower. Pfizer ( PFE ) shares were up over 2% after the company reiterated its 2024 guidance and issued financial projections for 2025. The company said it continues...
Traders Focus on Fed Meeting, Driving Premarket Losses for US Equity Futures
Traders Focus on Fed Meeting, Driving Premarket Losses for US Equity Futures
Dec 17, 2024
08:52 AM EST, 12/17/2024 (MT Newswires) -- US equity futures were down ahead of Tuesday's opening bell as the Federal Reserve kicks off its policy-setting meeting. Dow Jones Industrial Average futures were down 0.5%, S&P 500 futures slipped 0.4%, and Nasdaq futures were 0.2% lower. The Federal Open Market Committee starts its two-day meeting later Tuesday and is scheduled to...
Sector Update: Financial
Sector Update: Financial
Dec 17, 2024
08:55 AM EST, 12/17/2024 (MT Newswires) -- Financial stocks were declining premarket Tuesday with the Financial Select Sector SPDR Fund (XLF) recently down 0.4%. The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.3% higher. Barclays ( JJCTF ) lost an appeal to overturn a UK...
Sector Update: Tech
Sector Update: Tech
Dec 17, 2024
08:48 AM EST, 12/17/2024 (MT Newswires) -- Technology stocks were declining premarket Tuesday as the Technology Select Sector SPDR Fund (XLK) was down 0.7% and the SPDR S&P Semiconductor ETF (XSD) was 0.9% lower recently. Cohu ( COHU ) shares were up over 2% after the company said it has agreed to acquire Tignis, a software provider focused on artificial...
Copyright 2023-2026 - www.financetom.com All Rights Reserved