Top stocks to watch: Bajaj Finance, Tata Elxsi, Jio Financial, HDFC Bank, Lemon Tree, Data Patterns, Caspian Corporate Services, Gensol Engineering, Glenmark Life Sciences, Kama Holdings and some other counters will be in focus today.
Jio Financial has already started consumer lending pilots in consumer durable stores owned by Reliance. This capital raise could be a tacit acknowledgment that Bajaj Finance is readying its capital ammunition, Motilal Oswal said.
Jio Financial Services (JFS) to be removed from NSE, PM Modi to attend ASEAN-India Summit in Top News on September 7: Share markets, Bank Nifty outlook, Made in India Aprilia RS 440 global debut, Mono Pharmacare shares listing on NSE SME also in focus in top stories.
This comes at a time when fintechs have adopted a wait-and-watch approach towards new entrants, as they believe that JFS opens new doors for them, even as competition is likely to intensify.