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Share market update: Nifty Service sector index rises; Axis Bank climbs 3%

NEW DELHI: The Nifty Service sector index was trading in the positive zone in Friday’s afternoon session.

Shares of LIC Housing Finance (up 3.93 per cent), Federal Bank (up 3.04 per cent), Axis Bank (up 2.51 per cent), Power Grid Corporation of India (up 2.27 per cent), State Bank of India (up 2.21 per cent), Zee Entertainment (up 1.97 per cent), IndusInd Bank (up 1.48 per cent), RBL Bank (up 1.44 per cent) and Bharti Airtel (up 1.39 per cent) were among the top gainers.

ICICI Bank (up 1.3 per cent), HDFC (up 1.27 per cent), Bajaj Finance (up 1.22 per cent), Tech Mahindra (up 1.1 per cent), HCL Technologies (up 0.85 per cent), Infosys (up 0.82 per cent), Shriram Transport Finance (up 0.81 per cent), Petronet LNG (up 0.8 per cent), Container Corporation of India (up 0.7 per cent), Bajaj Finserv (up 0.7 per cent) and GAIL (India) (up 0.68 per cent) were the other gainers in the index.

While SBI Life (down 0.99 per cent), Yes Bank (down 0.92 per cent), HDFC Life Insurance (down 0.71 per cent), Wipro (down 0.6 per cent), Tata Consultancy (down 0.54 per cent) and Kotak Mahindra Bank (down 0.24 per cent) were the top losers in the index.

The Nifty Services Sector index was trading 0.86 per cent up at 17566.7 around 01:33 pm.

Benchmark NSE Nifty 50 index was up 97.80 points at 12224.35, while the BSE Sensex was up 339.19 points at 41502.95.

Among the 50 stocks in the Nifty index, 37 were trading in the green, while 12 were in the red.

Shares of YES Bank, Vodafone Idea, Bank of Baroda, Indiabulls Housing Finance, PNB, SBI, IDFC First Bank Ltd., JSPL, SAIL and Canara Bank were among the most traded shares on the NSE.

Source: Economic Times