Share market update: Nifty Financial Services index dips; Bajaj Finserv slumps 5%

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

Shares of Edelweiss Financial Services (down 5.93 per cent), Bajaj Finserv (down 5.44 per cent), Housing Development Finance Corporation (down 4.70 per cent)and Bajaj Finance (down 3.72 per cent) were trading with losses.

HDFC Bank (down 3.71 per cent), Sundaram Finance (down 2.78 per cent), Kotak Mahindra Bank (down 2.68 per cent)and Cholamandalam Investment & Finance Company (down 2.64 per cent) too were trading lower.


The Nifty Financial Services index was trading 2.57 per cent down at 12,894.20 around 12:20 pm.

Benchmark NSE Nifty50 index was down 89.85 points at 11,329.40 while the BSE Sensex was down 352.01 points at 37,985.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

Shares of YES Bank, Vodafone Idea, Dish TV India, Indian Oil Corp, Vedanta, Tata Motors, Ashok Leyland, SAIL, L&T Fin Holding and RBL Bank were among the most traded shares on the NSE.