The share market is up on April 27. The Sensex is trading at the 77,050 level with a gain of around 500 points. Nifty also has a gain of 100 points, it is trading at the 24,050 level. Today there is more buying in IT, metal and pharma shares. Asian markets mixed US markets settled mixed Paytm shares nosedived 7% after RBI action Paytm shares nosedived 7% to ₹1,076 apiece after the Reserve Bank of India had said on Friday that it had cancelled the banking licence issued to Paytm Payments Bank Limited. In a statement, the central bank said Paytm Payments Bank can no longer carry out banking business under the Banking Regulation Act. It said the bank’s affairs and management were not in the interests of depositors or the public, adding that the bank failed to meet the conditions of its Payments Bank licence. Foreign investors sold shares worth ₹8,827 crore on April 24 Note: All figures are in crore rupees. Foreign investors sold shares worth ₹47,000 crore this month Note: All figures are in crore rupees. Brent crude prices rise to $106 per barrel The global crude benchmark, Brent crude prices rose to $106 per barrel. Rupee drops below 94 per USD mark Meanwhile, the Indian rupee fell 11 paise to 94.27 against the US dollar on Monday. Market witnessed decline on Friday Earlier on the last trading day of the previous week, i.e., Friday, April 24, the Sensex closed at 76,664 with a fall of 1,000 points (1.29%). Nifty also dropped 275 points (1.14%) to close at the level of 23,898. Post navigation India–New Zealand FTA to be signed on April 27:Target to double trade in 5 yrs, 5,000 Indians to get annual work visas
