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🚨 Daily News Analysis
1) Indian indices in red for 8th straight session
-Indian benchmark indices continue to trade in red for the 8th consecutive session, it's largest losing streak in 2023. Nifty settled below 17.4K while Sensex was dragged below 59K.
2) Paytm declines 9% today
-Shares of One97 Communication touched intraday low of 579 post Sunil Mitthal's commentary on "Not buying a stake in PayTm". Mittal crushed Media rumours, which said that the telecom company will be merging Airtel Payments Bank with Paytm Bank.
3) Rupee increases 11 paise against Dollar
-The Indian rupee gained 11 paise to 82.68 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. The appreciation in rupee was supported by sustained foreign fund outflows weighed on the local unit.
