Financials gain amid easing liquidity; Nifty PSU Bank index rises 2%

SBI, PNB, Bank of Baroda, Bajaj Finance, Indiabulls Housing, Manappuram Finance, DHFL, Bajaj Finserv and M&M Financial were up in the range of 2% to 5%.

Shares of financial companies including banks, non-banking financial companies (NBFC), housing finance companies (HFCs) and microfinance institutions (MFIs) were trading higher by up to 6% on BSE in early trade after the Reserve Bank of India (RBI) announced the plan to scale up liquidity infusion via purchase of government bonds.

Bajaj Finance, Indiabulls Housing Finance, Manappuram Finance, Dewan Housing Finance Corporation (DHFL), Indiabulls Ventures, Repco Home Finance, LIC Housing Finance, Mahindra & Mahindra Financial Services, Shriram Transport Finance Company, Can Fin Homes and Bajaj Finserv were up in the range of 2% to 6% on NSE.

At 09:50