S&P BSE Sensex 30
S&P BSE Sensex 30 on Nov. 22, 2021.
Image: BSE India/S&P BSE Sensex 30

The broader NSE Nifty index, which comprises 50 of India’s largest companies, also fell 1.96%, ending 348 points lower at 17,416.55.

Of course, Reliance and Paytm alone haven’t derailed the country’s public markets. There are slew of other local and international factors eroding investor sentiment, including:

Meanwhile, the brightest spot in an otherwise troubled market is the telecom sector. Bharti Airtel and its rival Vodafone Idea both rallied 6% after Airtel raised tariffs.

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