Indian shares hit record closing highs as Bajaj Finserv soars [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
allowed the shadow bank to set up a mutual fund, while metal stocks bounced back after a four-day losing streak. The blue-chip NSE Nifty 50 index ended up 0.78% at 16,624.60, and the benchmark S&P BSE Sensex ended 0.73% higher at 55,958.98. Woman gives birth to baby girl while on U.S evacuation flight out of Kabul Advertisement Shares of Bajaj Finserv jumped as much as 8.6% to hit a record high before ending up 7.7%. Shares of peer Bajaj Finance also ended higher, at 3.38%. Advertisement Article content The Nifty Bank index advanced 1.67%, driven by a 2.3% gain in HDFC Bank. The financial services index rose 1.39%. The Nifty metals index ended the session up 2.9%. India's Nifty Smallcap 100 and Nifty Midcap 100 ended the day 2% and 1.43% higher. Among other stocks, shares of India's Optiemus Electronics rose 4.9% after it partnered with Taiwan's Wistron Corp to build smartphones and laptops. The partnership is expected to yield revenues of 380 billion rupees ($5.13 bil
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