Equity benchmark indices climbed in early trade on Friday, May 3, with the Nifty reaching its fresh all-time peak, following a rally in shares of Bajaj Finance and positive trends from the US markets.
The 30-share BSE Sensex jumped 470.92 points to 75,082.03 in early trade. The NSE Nifty climbed 139.5 points to hit a record peak of 22,787.70.
From the Sensex basket, Bajaj Finance jumped 6 per cent, while Bajaj Finserv climbed nearly 5 per cent. The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance on sanctioning and disbursal of loans through eCOM and Insta EMI Card, the company said in a regulatory on May 2.
In November last year, the central bank had directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products — eCOM and Insta EMI Card — due to the company’s non-adherence to the extant provisions of digital lending guidelines.
NTPC, ICICI Bank, Tata Steel and JSW Steel were the other major gainers. Bharti Airtel, Maruti, Asian Paints and Larsen & Toubro were among the laggards. Source: PTI