The NSE Nifty also dropped 73.1 points to 24,727.75 after hitting its fresh record peak of 24,854.80 during the opening bell.
Shares of Standard Capital Markets Limited (SCML) are in focus today as the company has announced a partnership with Paisalo Digital Limited. “This investment underscores SCML’s commitment to upgrade innovative solutions that bridge the financial gap and promote economic growth in underserved regions,” the company said in a release.
The counter opened in red at at Rs 1.39 and hit the day’s low of Rs 1.35, down by 4.93 per cent from the previous close of Rs 1.42.
“Leveraging SCML’s expertise in technology and innovation, Paisalo Digital will enhance its digital platform, ensuring seamless and efficient service delivery. This association also involves potentially offering more targeted and competitive products including more flexible lending criteria for borrowers,” the statement added.
Meanwhile, equity benchmark indices hit their new record high levels in early trade on Friday but failed to hold on to the gains and were later trading lower tracking weak trends from global markets.
The 30-share BSE Sensex hit its new all-time high of 81,587.76 in the initial trade but failed to carry forward the winning momentum and declined 166.93 points to 81,176.53.
The NSE Nifty also dropped 73.1 points to 24,727.75 after hitting its fresh record peak of 24,854.80 during the opening bell.
Among the Sensex pack, Tech Mahindra, UltraTech Cement, Tata Steel, JSW Steel, Sun Pharma and Power Grid were the biggest laggards.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)