Financials rally; Bharat Financials, Bajaj Finance, Muthoot Finance up 5%

Indian Bank, Kotak Mahindra Bank, PNG Housing and Capital First were up more than 5% each

Financial include micro-finance institutions (MFIs), non-banking financial companies (NBFCs) and select private and public sector banks rallied by up to 10% after reporting a better than expected October-December (Q3FY17) earnings.

Bharat Financial Inclusion (earlier SKS Microfinance), Indian Bank, Kotak Mahindra Bank, PNG Housing Finance, Muthoot Finance, Bajaj Finance, Capital First and Ujjivan Financial Services were up between 5% and 10% on the National Stock Exchange (NSE).

L&T Finance Holdings, Repco Home Finance, Shriram City Union Finance Equitas Holdings, Housing Development Finance Corporation (HDFC), Manappuram Finance, Dewan Housing Finance (DHFL) and LIC Housing Finance were up in the range