Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%

At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.

Shares of financials including banks, non-banking finance companies (NBFCs) and housing finance companies (HFCs) are in focus as they rallied up to 6 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade, extending gains of their past two sessions on value buying.

Axis Bank, Cholamandalam Investment and Finance Company, Bajaj Finserv, State Bank of India (SBI) and Mahindra & Mahindra Financial Services were up 5 per cent to 6 per cent. Bajaj Finance, ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Housing Development Finance Corporation (HDFC) were up in the range of 3 per cent to