New Delhi, Oct. 23 -- Gold loan NBFC stocks came under pressure during Thursday's trading session, in tandem with a sharp crash in global gold prices, with both Muthoot Finance and Manappuram Finance falling 3% and 1.45%, respectively.

Both stocks have remained under pressure in recent sessions, with Muthoot Finance correcting 6% from its October highs and Manappuram Finance falling by a similar margin of 5%.

These stocks, which had ridden a strong wave in recent months amid an unstoppable rally in the yellow metal, have now caught the bears' attention as the bullion rally came to a halt and erased some of its gains, driven by an improvement in investors' risk-on sentiment.

Although both stocks have given up some of their recent gains,...