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“We could probably see Bajaj Finance returning back to 30-35% rate of loan book growth from this quarter onwards. That is something one can watch out for.”

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The Dow Jones Industrial Average rose 49.90 points, or 0.14 per cent, at the open to 35,791.05.

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Net profit increased to Rs 1,481 crore in the second quarter ended September 2021 from Rs 965 crore a year ago led by a 22 per cent growth in assets under management to Rs 1.66 lakh crore.

Revenues for the quarter rose 10.3 per cent YoY to Rs 5,485.84 crore compared with Rs 4,972.58 crore in the same quarter last year.

The Nifty Realty index was trading 2.13 per cent up at 507.0.

Total income of the bank during July-September period of 2021-22 was down at Rs 6,503.39 crore, as against Rs 6,762.36 crore in the year-ago period, it said in a regulatory filing.

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In the international market, gold traded lower at USD 1,802 per ounce and silver was flat at USD 24.30 per ounce.

"Be a buyer as long as Nifty holds above 17,950. With two days to go for the October F&O expiry, Nifty50 could give a big surprise on the upside," independent analyst Manish Shah said.

“Valuations will grow and there will be innovative branding and marketing soon.”

Stock market update: Nifty Bank index advances 0.11%

Updated at : 2021-10-26 17:20:01

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The Nifty Bank index closed 0.11 per cent up at 41238.3.

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