On Monday, 2305 stocks advanced, 1439 declined and 197 remained unchanged, with an advance decline ratio of 1.60 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Markets continued to rally despite turbulence and gained nearly half a percent. Recent domestic macroeconomic data releases have painted a favourable picture for the domestic markets, enabling them to maintain their momentum.
JFS may target consumer durable loans, unsecured personal and small-ticket merchant loans by leveraging Reliance Retail and Jio’s physical and digital distribution channels, IIFL Securities said in an August note.
Jio Financial could see passive outflows to the tune of $324 million; HDFC Bank could see inflows amounting $44 million, Abhilash Pagaria of Nuvama Alternative & Quantitative Research suggested.
Jio Financial Services: Shares of Jio Financial Services (JFS) fell on Wednesday as the stock will be excluded from Nifty and other NSE indices, on September 7 (Thursday). Watch this Visual Story to know more.