Shares of Bajaj Finance extended gains for the second consecutive trading session and rose as much as 0.7 percent to hit an all-tie high at Rs 3,569.

The stock rose 1.2 percent in the past five days and 23 percent in the past 30 says. The scrip traded at 39 times its estimated earnings per share for the coming year, Bloomberg data showed.

The NSE Nifty MidCap Index fell 0.5 percent, led by the declines in Reliance Capital Ltd. and Reliance Infrastructure Ltd.

On the flipside, Dilip Buildcon Ltd. and PI Industries Ltd. were the best performers on the Index.

Shares of Hexaware Technologies rose as much as 3.6 percent to Rs 359.15.

Hexaware Technologies Ltd. agreed to acquire U.S.-based Mobiquity Inc. for $182 million to expand its cloud and automation service offerings. As per the agreement, $131 million would be paid upfront while the remaining would be a deferred consideration—part of which is contingent on earnouts. (Read the full story here).

Here’s what Hexaware Technologies’ CEO R Srikrishna told BloombergQuint in an interaction regarding the acquisition:

Ten out of 11 sectoral gauges compiled by National Stock Exchange traded lower, led by the NSE Nifty Media Index’s 2 percent fall. On the flipside, the NSE Nifty Metal Index was the only sector trading with minor gains, up 0.09 percent.

Shares of the country’s largest housing finance company fluctuated between gains and losses to trade 0.5 percent lower at Rs 2,186.

Brokerage and research firm HSBC hiked its price target price target on the stock to Rs 2,500 from Rs 2,195, implying a potential return of 13.8 percent from the last regular trade.

Here’s what HSBC had to say:

• Maintained ‘Buy’ rating on the stock.
• Default by a large mortgage player to result in easier liquidity for better managed players.
• HDFC is well positioned for potential market share gains in current environment.
• Slower growth in wholesale loans mitigates asset quality risks.