The NSE Nifty hit a fresh all-time high on March 3 as the market opened with positive global cues driving the market optimism. The Nifty gained 146 points to reach its lifetime peak of 22, 794. 70.
Meanwhile, the BSE Sensex is up by 385 points to break past the 75,000 mark. ’Bajaj Finance, Bajaj Finserv, ONGC, NTPC, and Shriram Finance are the top stocks driving the NSE rally while Adani Enterprises, Bharti Airtel, Hero Moto Corp, and Maruti Suzuki are some of the top losers for the index.
Bajaj Finance and Bajaj Finserv’s positive momentum, gaining 7.5%, is being driven by the Reserve Bank of India lifting restrictions on Bajaj Finance’s lending products, allowing it to resume sanctioning and disbursing loans in previously banned business segments.
Previously, the central bank had prohibited Bajaj Finance from issuing loans under its eCOM and Insta EMI Card lending products, citing deficiencies in adhering to digital lending guidelines. The ban was lifted on Wednesday after, Bajaj Finance confirmed that it had implemented the necessary regulatory changes.
The Bharatiya stock market is reflecting a surge in global equities following the Federal Reserve’s indication of a pause in interest rate hikes.
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