New Delhi, Jan. 29 -- Gold loan NBFC stocks extended their gains during Thursday's session on January 29, even as the Indian equity market resumed its losing streak. The rally was supported by the phenomenal run in gold prices, which scaled another fresh milestone.

Shares of Muthoot Finance jumped 5% to the day's high of Rs.4,149.50 apiece, while those of Manappuram Finance gained 2.5% to 298.75 apiece, as investor sentiment toward these stocks remained buoyant amid expectations that rising gold prices will further boost demand for gold loans.

Both stocks mirrored the gold price rally in 2025. Manappuram Finance ended the year with a 64% surge-its best annual performance in five years-while peer Muthoot Finance delivered an even stronge...