The result of India-Canada accusations? A big fall in the stock market, ‘he’ shares fell

Canada India Tension: Canada (Canada) and India (India) Now the result of tension between Even on the stock market (Stock Market) is appearing. Today, on Wednesday, it was seen that there was a big impact in the stock market. After a slow start on Wednesday, both stock market indexes fell shortly after. On the one hand, the BSE Sensex (Sensex) was trading down 608 points at 66,988.77, while NSE Nifty was trading at 19,959.50, down 173.80 points.

Shares of some banking and IT companies fell as soon as trading started in the stock market. These include shares from Wipro to Infosys and Kotak Mahindra Bank to ICICI Bank. Importantly, these are all the same companies in which Canada Pension Fund Investment Board (CPPIN) money is invested. However, after the initial fall in these stocks, recovery was definitely seen in some.

Paytm and Nayak shares fall sharply

On the killing of a Khalistani terrorist Tensions between Canada and India have arisen. Which will directly affect the economy. Along with this, its effect is also seen on the shares of the companies invested by the Canada Pension Fund. As the stock market opened today, shares of One 97 Communications Ltd, parent of online payment service platform Paytm, fell 2 percent, while shares of fashion beauty brand Nykaa also fell 1.5 percent in early trade.

Till the news update, Paytm stock was trading down 1.78 percent at Rs 857.65, while Nykaa stock was trading at Rs 146.50, down 1.74 percent. As per the shareholding pattern of both the companies, Canada Pension Fund has around Rs 970 crore in Paytm and around Rs 620 crore in Nykaa.

Shares of Kotak Mahindra Bank tumbled

The Canada Pension Fund Investment Board (CPPIN) has invested over Rs 1 lakh crore in several Indian companies. There are about 30 Indian companies that have their business spread across Canada and have invested more than 40 thousand crores. In such a situation, as this stress increases, the crisis on these companies can also increase.

Talking about Kotak Mahindra Bank, Kotak Mahindra Bank, which received an investment of around Rs 9,500 crore from the Canada Pension Fund, opened with a fall of Rs 1,786.95 in the market on Wednesday, then showed a slight recovery and was trading at Rs 1,791.70, down 0.37 per cent. .

Shares of ‘these’ IT companies fell

In the list of companies that have received investment from Canada Pension Fund, it has been seen that the shares of online food delivery platform Zomato (Zomato Share Fall) have also fallen. Zomato stock was trading at Rs 101.25, down 0.88 percent. If we look at IT companies doing business in Canada, shares of Wipro Ltd opened on a bearish note and were down 0.78 percent to Rs 432.75 till the news update. While Infosys share (Infosys Share) fell by about one percent to Rs 1,478.00.

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