Market Bizzz

Brokers and analysts have turned bearish on the company with one report saying the central bank’s decision would ‘end the operations of Paytm Payments Bank’.

U.S. stocks tumbled on the last trading day in January after the Federal Reserve held interest rates steady while dashing hopes for interest rate cut as soon as March.

Asian shares faltered on Thursday after Wall Street took a late spill, while investors stuck to bets for sizable cuts in U.S. interest rates this year even if the kick off might now be a little later than first hoped.

The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting ending Wednesday, a 22-year high first reached in July. The rate decision and accompanying statement will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.

Stocks that were in focus included names like Bajaj Finance, which fell 5.10%, Tata Investment, which jumped 20%, and KFin Technologies, whose shares increased 7.64% on Tuesday.