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“NBFCs that cater to the second, third, fourth tier cities and to underbanked areas or where people relied on the unorganised sectors for financing, definitely have a huge potential. It is a matter of time before these NCBFs basically start building their network and taking advantage of that growth potential.”

From the Sensex pack, Bajaj Finance and Bajaj Finserv were the top gainers. Kotak Bank, Asian Paints, and UltraTech Cement also closed higher. On the other hand, Infosys, M&M, Wipro, TCS, and Sun Pharma closed in the red

Though the primary market has been buzzing with IPOs in 2023, not all of them were instant hits. Around 12 companies either listed at a discount or had a muted D-Street debut. Despite a weak start, seven of these companies have managed to give double-digit gains since listing.

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Stock market update: Nifty Auto index falls 0.08%

Updated at : 2023-09-25 19:20:01

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The Nifty Auto index closed 0.08 per cent down at 16221.55.

Coming to the OI Data, on the call side, the highest OI was observed at 19,800 followed by 19,900 strike prices, while on the put side, the highest OI was at 19,500 strike price. On the other hand, Bank Nifty’s support was at 44,400-44,200, while resistance was placed at 44,900-45,100 levels.

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