Select financial shares gain; Bajaj Finserv hits record high

GRUH Finance, DHFL, GIC Housing and LIC Housing were up in the range of 1% to 3%.

Shares of select companies engaged in financial business mainly housing finance companies (HFCs) were in focus after the market regulator Securities Exchange Board of India (Sebi) raised mutual funds' investment exposure limits in the HFCs.

GRUH Finance, Dewan Housing Finance Limited (DHFL), GIC Housing Finance and LIC Housing from the HFCs were up in the range of 1% to 3%.

Meanwhile, Jammu & Kashmir Bank, DCB Bank, Bajaj Finserv, Dhanlaxmi Bank and Edelweiss Financial Services from the S&P BSE Finance index were up between 3% and 5%.

Bajaj Finserv was up 3.4% at Rs 3,879, hitting a record