Bajaj Finance, Bajaj Housing Finance shares rally up to 7% on GST reform hopes

Shares of Bajaj Finance and Bajaj Housing Finance surged up to 7% on Monday, as investors piled into financial stocks on hopes of potential Goods and Services Tax (GST) cuts and relief from India’s first sovereign credit rating upgrade in nearly two decades. Bajaj Finance rose as much as 6.7% to Rs 919.15 on the BSE, while Bajaj Housing Finance gained 3.9% to Rs 117. The rally tracked a broader market rebound after six weeks of declines, with investors betting on sweeping tax reforms to be announced by Diwali.