For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 28628.39 crore, up 9.20 per cent from last quarter total income of Rs 26215.47 crore and up 47.81 per cent from last year same quarter Total Income of Rs 19368.16 crore.

Talking about key growth areas, Citi said, Paytm has an overall device penetration of 15 per cent (4.5 million) of its current merchant base of 30 million – device rollouts unlock rental revenues, merchant payment GMV share, and lending (distribution) upsell opportunities.

‘Credit growth is a reflection of the underlying economy. The Indian economy as compared to its other competitors is doing much better and if at all, this space continues then obviously the economy will do well and it will also be a huge opportunity for the banking system to really grow in the years to come.”

Market experts attribute this rally to various reasons, including peeking out of inflation, steep fall in the crude oil prices, inflows from global investors, higher retail participation, India Inc's earnings and solid growth prospects.

“The government has assured us that export duty on steel is a temporary action and we are waiting to see this reversed. India should be a big steel exporting country. Why should other countries which do not have iron ore be exporting steel when India has all the iron ore that it needs? India should be encouraging steel exports and not discouraging it.”

Nearly half of the purchases have been in the five-year 7.38% 2027 and the former benchmark 6.10% 2031 bonds, which have seen inflows of 16 billion rupees and 15 billion rupees, respectively, during this period.Goldman Sachs had said last month it expects an inclusion of Indian bonds in global indexes this year.

The local currency reached 79.0350 around the middle of the session, its highest level since Aug 5. By comparison, the Chinese yuan and the Indonesian rupiah were barely changed.A trader at a Mumbai-based state-run bank said the rupee managing to open above the key 79.40 level was an additional trigger for the USD/INR pair slipping closer to the 79 level.

​The 30-share Sensex advanced 455.95 points to end at 60,571.08. Its broader peer, Nifty50, ended at 18,066.80, up 130.45 points. This was the first time since April 4, when the 50-pack index setted above the psychological mark.