With global tension looking to ease in the coming few days, the Indian stock market on Monday, April 27, opened higher. The Nifty 50 opened 0.5 per cent higher at 24035.35 points, and the BSE Sensex edged up 398 points to 77062 points. Moreover, healthy gains were seen across all sectoral indices, with Nifty IT and Nifty Metal leading the gainers.

One97 Communications falls significantly

As per ANI, despite a positive sentiment in the market, One97 Communications Ltd. (Paytm) fell nearly 7 per cent in early trade after the Reserve Bank of India on Friday cancelled the banking licence of Paytm Payments Bank, prohibiting it from carrying out any banking business and setting in motion the process for winding up.