Equity market fell for the fourth straight session on October 1, reflecting a risk-off sentiment overseas as stubborn inflation and faltering global growth sapped investor confidence.
India's equity benchmarks closed lower for the third consecutive session making it the longest losing streak in two months, dragged by losses in metals, information technology and auto stocks. The S&P BSE Sensex Index shed 0.48% to 59,126.36 on Thursday, while the NSE Nifty 50 Index declined by similar magnitude to 17,618.15.
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Last year, there were about 22 billion transactions on the UPI platform. This year, it might be around 40-45 billion transactions, said NPCI Managing Director and CEO Dilip Asbe