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Sensex Crossed 60K Mark And Nifty Touched 17900; ICICI and Bajaj Finance Gained

Sensex Corssed 60000 Mark

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Shares of Bajaj Finance Ltd rose more than 2 percent in early trade on January 5 after the non-banking finance company (NBFC) posted a 26.3 percent jump in the assets under management in the third quarter of FY22 ended December 31.

The assets under management of the company rose to Rs 181,300 crore in Q3FY22 from Rs 143,550 crore in the year-ago period, the NBFC said. The company booked 7.4 million new loans in the December quarter, up from 6 million in the same quarter of the previous year.

Consolidated liquidity surplus stood at approximately Rs 14,300 crore as of December 31, 2021, Bajaj Finance said in the quarterly update.

“The company’s liquidity position remains strong. The company continues to remain well capitalised with capital adequacy ratio (CRAR) of approximately 27.0 percent as of 31 December 2021,” it added. In addition to Bajaj Finance, ICICI Bank’s shares are also performing well.

Earlier today, at 9.17 am, BSE Sensex was down by 0.02 per cent or 14.48 points while NSE Nifty was down by 0.07 per cent or 11.85 points.

On the Sensex, Bajaj Finance, ICICI Bank and HDFC Bank were major gainers.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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