NSE Rises, Turtlemint Sinks, PB Fintech Crashes

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

• The National Stock Exchange of India is seeing a recovery in its market share in equity derivatives trading alongside gains in the commodity market, CEO Ashish Chauhan told Bloomberg TV in an interview. Shares gained in their debut on the BSE Ltd. after the company raised $2.4 billion in one of the biggest initial public offerings in the country’s history.
• Shares of insurers and distributors — including banks— collectively shed $14 billion in market value on Thursday, after the insurance regulator proposed caps on commissions and tighter limits on management expenses. Turtlemint shares sank 20%
• PB Fintech’s shares crashed as much as 36%, the biggest single-day loss for any Indian stock since the pandemic. Tiwa Adebayo

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