BENGALURU, May 3 (Reuters) - India's Nifty 50 index rose to a record high on Friday, tracking a rally in its Asian peers and supported by Bajaj Finance's jump after restrictions on its lending products were lifted.
The blue-chip Nifty 50 increased by 0.61% to a record high of 22,785.45 points, while the S&P BSE Sensex gained 0.63% to 75,080.05.
High weightage financials rose 1.1%. The gains were led by Bajaj Finance, which jumped 7%.
The non-bank lender said the Reserve Bank of India had lifted restrictions on its lending products, allowing it to resume sanction and disbursal of loans in the banned segments.
The MSCI Asia ex-Japan index was up 1.1%, lifted by the gains on Wall Street overnight after Federal Reserve Chair Jerome Powell said further interest rate hikes remained unlikely.
All 13 major sectoral indexes inch up. (Reporting by Manvi Pant in Bengaluru; Editing by Eileen Soreng and Savio D'Souza)
