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Auto, IT and private bank shares advanced while media, PSU bank and realty shares declined
At 13:25 IST, the barometer index, the S&P BSE Sensex, advanced 441.95 points or 0.52% to 85,628.43. The Nifty 50 index gained 138.80 points or 0.53% to 26,192.30.
The broader market, the S&P BSE Mid-Cap index added 0.05% and the S&P BSE Small-Cap index remained unchanged.
The market breadth was negative. On the BSE, 2,009 shares rose and 2027 shares fell. A total of 220 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 1.46% to 12.15.
Gainers & Losers:
Eicher Motors (up 2.95%), Bajaj Finserv (up 2.26%), Reliance Industries (up 1.71%), Bajaj Finance (up 1.57%) and Tech Mahindra (up 1.40%) were the major Nifty50 gainers.
Asian Paints (down 1.21%), HCL Technologies (down 0.49%), Maruti Suzuki India (down 0.44%), Tata Steel (down 0.33%) and Max Healthcare Institute (down 0.33%) were the major Nifty50 losers.
Stocks in Spotlight:
Tilaknagar Industries (TI) jumped 3.01% after the company has marked its entry into the premium whisky category with the launch of Seven Islands pure malt whisky.
Transrail Lighting rose 1.35% after the company announced that it has received new orders worth Rs 548 crore, including a major international transmission line EPC project in a new country within MENA region.
Epack Prefab Technologies surged 3.55% after it entered into a memorandum of understanding (MoU) with MASCOT South Asia LLP to facilitate its proposed capacity addition in the State of Gujarat. The MoU will enable collaboration between Epack Prefab, MASCOT South Asia LLP, and the company for the planned expansion, forming part of the company’s strategy to enhance production capabilities and leverage advanced technology for growth in the region.
Meghmani Organics advanced 1.09% after the company incorporated wholly owned foreign subsidiary (WOFS), Meghmani Organics Biodefensivos E Agricolas Do Brazil, to explore business opportunities in Brazil.
Mahindra Holidays rallied 4.27% after the company’s board approved entering into ‘Leisure Hospitality’ segment, aimed at scaling and diversifying its existing business portfolio. The new vertical will be operated through its wholly owned subsidiary, Mahindra Hotels and Residences India, under the brand name Mahindra Signature Resorts.
ACME Solar Holdings rose 0.91%. The company has commissioned an additional 16 MW of its 100 MW wind power project in Surendranagar, Gujarat, following the commissioning of 28 MW in October 2025. With this phase, the project’s operational capacity now stands at 44 MW, contributing to ACME Solar’s overall operational portfolio rising to 2,934 MW.
Global Markets:
European and Asian markets advanced on Thursday, as chip shares rallied after Nvidia’s stronger-than-expected earnings and bullish forecast appeared to reinforce confidence in the global AI trade and boost the broader market.
Shares of the chip giant jumped more than 4% in extended trading after its fiscal third-quarter earnings beat earnings and revenue expectations. The AI chip maker also gave a stronger-than-expected fourth-quarter sales forecast, with CEO Jensen Huang saying demand for its current-generation Blackwell chips is “off the charts.”
U.S. equity futures edged higher in early Asian hours after Nvidia’s upbeat guidance, which likely lifted investor sentiment around the AI trade, following recent sessions that reflected fears about elevated valuations, debt financing, and potential chip depreciation.
On Wall Street, stocks closed mostly higher on Wednesday as Wall Street recovered some ground from tech-led sell-off.
The S&P 500 gained 0.38% to close at 6,642.16, snapping a four-day losing streak, while the Nasdaq Composite advanced 0.59% to settle at 22,564.23. The Dow Jones Industrial Average climbed 47 points, or 0.1%, to finish at 46,138.77.
Latest meeting minutes released on Wednesday showed that the Federal Reserve officials were at odds during their October meeting over cutting interest rates, divided over whether a stalling labor market or stubborn inflation were bigger economic threats.
While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less certain. Disagreements stretched into the outlook for December, with officials expressing skepticism about the need for an additional reduction that markets had been widely anticipating, with “many” saying that no more cuts are needed at least in 2025.
The minutes did note that “most participants” saw further cuts likely in the future, though not necessarily in December.
The minutes also discussed the balance sheet aspect of policy. The FOMC agreed to stop the reduction of Treasury and mortgage-backed securities in December, a process that has shaved more than $2.5 trillion off the balance sheet, which is still around $6.6 trillion. There appeared to be widespread approval for the halting of a process known as quantitative tightening.
Bajaj Finance Ltd lost 5.74% today to trade at Rs 1023.15. The BSE Financial Services index is down 0.01% to quote at 13030.98. The index is up 2.21 % over last one month. Among the other constituents of the index, Bajaj Finserv Ltd decreased 3.89% and Dam Capital Advisors Ltd lost 3.14% on the day. The BSE Financial Services index went up 13.07 % over last one year compared to the 5.25% surge in benchmark SENSEX.
Bajaj Finance Ltd has lost 0.05% over last one month compared to 2.21% gain in BSE Financial Services index and 1.42% rise in the SENSEX. On the BSE, 1.71 lakh shares were traded in the counter so far compared with average daily volumes of 3.54 lakh shares in the past one month. The stock hit a record high of Rs 1102.45 on 23 Oct 2025. The stock hit a 52-week low of Rs 645.31 on 21 Nov 2024.
Profit before tax (PBT) climbed 14.4% YoY to Rs 6825.13 crore in Q2 FY26.
Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 51.32% holding in Bajaj Finance Limited (BFL) and in the life, general and health insurance businesses through its 74% holding in two unlisted subsidiaries, Bajaj General Insurance (Bajaj General) and Bajaj Life Insurance (Bajaj Life). BFL holds 88.70% stake in Bajaj Housing Finance (BHFL).
Bajaj Finance profit after tax (PAT) for Q2 FY26 increased by 22% to Rs 4,876 crore compared with Rs 4,000 crore in Q2 FY25. Loan losses and provisions for Q2 FY26 increased to Rs 2,269 crore from Rs 1,909 crore in Q2 FY25.
Assets under management (AUM) increased 24% to Rs 4,62,261 crore as of 30 September 2025 from Rs 3,73,924 crore a year earlier
On the asset quality front, Gross NPA and Net NPA as of 30 September 2025 stood at 1.24% and 0.60%, respectively, compared to 1.06% and 0.46% as of 30 September 2024. The company maintained a provision coverage ratio of 52% on Stage 3 assets.
Capital adequacy ratio (CRAR) (including Tier-II capital) stood at 21.23% as on 30 September 2025. The Tier- I capital was at 20.54% as on 30 September 2025.
As announced earlier, on 17 March 2025, Bajaj Finserv (BFS) signed share purchase agreements (SPAs) to acquire 26% equity stake owned by Allianz SE in Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC).
The acquisition will be undertaken in one or more tranches within various agreed timelines, ending by 16 October 2026. The initial tranche will cover a minimum of 6.1% stake. Upon completion of the initial tranche, the existing joint venture agreements between the company and Allianz SE in respect of both BAGIC and BALIC shall stand terminated.
As per the terms of the SPA, approval for name change of the two companies has been received from Registrar of Companies (RoC), Ministry of Corporate Affairs (MCA). With effect from 7 October 2025, the companies have commenced operations under their new names- Bajaj Life Insurance and Bajaj General Insurance respectively, following the issuance of new certificates of incorporation by the Registrar of Companies.
Meanwhile, the company’s board approved the elevation of Manish Jain, senior president- capital markets as the deputy CEO. In addition to his current role as managing director of BFSL Manish will also be responsible for company’s loan against securities, commercial lending and deposits businesses.
Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
The Bajaj Finserv declined 6.48% to Rs 1,983.10 on the BSE.
Bajaj Finserv Ltd gained for a third straight session today. The stock is quoting at Rs 2194.5, up 1.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.81% on the day, quoting at 26078.15. The Sensex is at 85221.98, up 0.94%. Bajaj Finserv Ltd has risen around 6.06% in last one month.
Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has risen around 5.13% in last one month and is currently quoting at 27536.85, up 0.75% on the day. The volume in the stock stood at 6.29 lakh shares today, compared to the daily average of 9.04 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 2186.6, up 0.59% on the day. Bajaj Finserv Ltd is up 25.97% in last one year as compared to a 6.88% spurt in NIFTY and a 16.3% spurt in the Nifty Financial Services index.
The PE of the stock is 276.06 based on TTM earnings ending June 25.