Nifty Fin Service index gains 1.39%. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME BAJAJ FIN. 2311.80 2083.35 228.45 10.97 10357265 IIFL HOLDINGS 382.35 353.10 29.25 8.28 774732 M & M FIN. SERV. 401.00 374.35 26.65 7.12 5300280 SHRIRAM TRANS. 1053.00 1005.30 47.70 4.74 1699052 BAJAJ FINSERV 5391.45 5167.75 223.70 4.33 1105550
The S&P BSE Sensex ended at 34,034, up 187 points, while the broader Nifty50 index settled at 10,225, up 78 points.
Among the sectoral indices, Nifty Financial Service index settled 1.4 per cent higher led by Bajaj Finance and IIFL.
Bajaj Auto fell 4.3 per cent to settle at Rs 2,475 on the BSE after the company’s ebitda (earnings before interest, tax, depreciation and amortization) margin declined by 280 basis points at 18% in September quarter (Q2FY19), owing to higher input costs, adverse product mix and increase in incentives. The company had ebitda margin at 20.8% in the same quarter last fiscal. Bajaj Auto reported a single digit 4% year-on-year (Y-o-Y) growth in its net profit at Rs 11.52 billion in Q2FY19 against Rs 11.12 billion in the corresponding quarter of last fiscal. Net sales grew 22% at Rs 80.71 billion on Y-o-Y basis.
Earlier in the day, the rupee hit a three-week high of 73.14 per dollar in intra-day trade, up from its previous close of 73.57 per dollar.
MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2 per cent following a decline of more than 2 per cent in the previous session.