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BAJFINANCE - Bajaj Finance News Story

₹3331.1 -88.6  -2.6%

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Large Cap
Market Cap £21.06bn
Enterprise Value £32.04bn
Revenue £2.79bn
Position in Universe 11th / 2999

Indian shares end higher after selloff; Tata Motors, Bajaj Finance jump

Wed 29th January, 2020 10:44am
* Tata Motors rises 6.8% on plans to make electric cars 
    * Bajaj Finance up nearly 5% after higher profit
    * Nifty metals index recoups some losses

    BENGALURU, Jan 29 (Reuters) - Indian stock indexes closed
higher on Wednesday following a sharp selloff this week, as
investors snapped up beaten down metals stocks and took heart
from strong corporate earnings reports.
    The NSE Nifty 50 index  .NSEI  ended 0.61% higher at
12,129.50, while the S&P BSE Sensex  .BSESN  closed up 0.57% at
    The Nifty had fallen some 1.8% over the past two sessions as
investors fretted about the economic impact from a virus
outbreak in China.
    The Nifty metals index  .NIFTYMET  gained 0.89% on
Wednesday, after falling sharply earlier this week, as metals
and mining stocks came under pressure on worries about the
coronavirus outbreak in China, the world's top metals consumer.
    Tata Motors  TAMO.NS  was at the top of the Nifty, posting a
6.8% rise, after the automaker on Tuesday unveiled a major push
towards clean vehicles.*:nL4N29X1IU
    Shares of Bajaj Finance  BJFN.NS  rose 4.9% and clocked
their best session in four months after the non-bank lender
reported a higher quarterly profit and interest income.*:nFWN29Y06W
    Markets are keenly awaiting the announcement of the federal
budget on Saturday, when the government is expected to raise
spending on infrastructure and cut some personal tax, to spur
consumer demand and investment.*:nL4N29X0SN

 (Reporting by Sachin Ravikumar; Editing by Amy Caren Daniel)
 ((; +91 80 6182 2754; Twitter: @sachinr27;))
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