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Share market update: Nifty Financial Services index dips; Edelweiss Financial Services plunges 8%

NEW DELHI: The Nifty Financial Services index was down with its components trading lower in Tuesday’s afternoon session.

Shares of Edelweiss Financial Services (down 7.92 per cent), Indiabulls Housing Finance (down 5.42 per cent), Cholamandalam Investment & Finance Company (down 3.05 per cent) and Indiabulls Ventures (down 2.83 per cent) were trading in the red.

Mahindra & Mahindra Financial Services (down 2.71 per cent), Power Finance Corporation (down 2.45 per cent), Bajaj Finserv (down 2.22 per cent) and Bajaj Finance (down 2.19 per cent) too were trading lower.

The Nifty Financial Services index was trading 0.76 per cent down at 12,437.15 around 12:22 pm.

Benchmark NSE Nifty50 index was down 60 points at 10,993.90 while the BSE Sensex was down 157.91 points at 37,244.58.

Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of YES Bank, Vodafone Idea, Tata Motors, Bank of Baroda, SAIL, SBI, Dish TV India, NMDC and Ashok Leyland were among the most traded shares on the NSE.

Source: Economic Times