Notably, the rally in Financial Services stocks has been witnessed after the Reserve Bank of India’s announcement about Committee on the Development of Housing Finance Securitisation Market.
"In view of the benefits brought in by the standardisation of asset securitisation practices as also their role in enabling superior management of credit and liquidity risks as alluded to before, the Reserve Bank has decided to constitute a Committee that will assess the state of housing finance securitisation markets in India," the central bank said in its Statement on Developmental and Regulatory Policies released on Thursday.
However, rally in the index was capped by Bajaj Holdings & Investment and Indiabulls Ventures, which declined 3% each. Shares of ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, and Bajaj Finserv also declined 1% each.
Meanwhile, equity benchmark indices were trading on a negative note on Thursday with the Sensex declining 73 points to trade at 38,807 levels. The Nifty also fell 22 points at 11,622 levels.