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Financial stocks shine as Bajaj Finance and HDFC Life report strong quarterly results
Financial-services stocks rallied as Bajaj Finance posted a 22 % profit rise and HDFC Life delivered strong premium growth in the quarter.
Financial sector stocks experienced broad-based strength as major companies released their quarterly numbers. Bajaj Finance posted a 22 % year-on-year rise in Q2 net profit to ₹4,875 crore, with net interest income also up 22 %. HDFC Life along with others in the segment reported solid premium growth and improved persistency metrics, reinforcing investor confidence in the financial services space.
The favourable results supported broader market sentiment and helped lift sector-specific indices amid stable macro conditions and foreign inflows.