Indian fintech MobiKwik gains 2.3% after the regulator approves a stockbroker license for its unit, though shares remain down 44% since the December IPO.

• ONEM.NS rises 2.3% to 247.15 rupees post approval for MobiKwik Securities as stockbroker.
• Stock initially traded 0.4% lower before the regulator nod, signaling mixed investor sentiment.
• Shares down ~44% since market debut on December 18 despite regulatory milestone.