Stock market today: Nifty 50 hit a new all-time high of 22,787 today (May 3). Sensex also rose 400 points flanked by strong gains in Bajaj Finance as the Reserve Bank of India (RBI) overturned ban on its two digital lending products.
Read more: Bajaj Finance share price soars 7% following RBI ban reversal: Should you buy?
Sensex was up 453 points or 0.61 per cent at 75,064 and the Nifty was up 135 points or 0.6 percent at 22,783.5. About 1,961 shares advanced, 680 shares declined, and 110 shares unchanged.
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The 30-share BSE Sensex jumped 470.92 points to 75,082.03 in early trade. The NSE Nifty climbed 139.5 points to hit a record peak of 22,787.70.
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From the Sensex basket, Bajaj Finance jumped 6 per cent, while Bajaj Finserv climbed nearly 5 per cent.
NTPC, ICICI Bank, Tata Steel and JSW Steel were the other major gainers.
Bharti Airtel, Maruti, Asian Paints and Larsen & Toubro were among the laggards.
Read more: Bajaj Finance share price soars 7% following RBI ban reversal: Should you buy?
What about global markets?
In Asian markets, Seoul and Hong Kong were trading in the positive territory while Shanghai quoted lower. Wall Street ended with gains on Thursday. Global oil benchmark Brent crude climbed 0.33 per cent to USD 83.95 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹964.47 crore on Thursday, according to exchange data.
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