Share market update: Nifty Financial Services index rises; M&M Finance up 8%

NEW DELHI: The Nifty Financial Services index was up with its components trading higher in Friday's afternoon session.

Shares of State Bank of India (up 9.40 per cent), Mahindra & Mahindra Financial Services (up 8.55 per cent), HDFC Bank (up 8.55 per cent) and ICICI Bank (up 8.42 per cent) were the top performers in the index.

Edelweiss Financial Services (up 8.32 per cent), Indiabulls Housing Finance (up 7.83 per cent), Bajaj Finance (up 7.21 per cent) and Sundaram Finance (up 6.09 per cent) too were trading higher.


The Nifty Financial Services index was trading 6.46 per cent up at 12,776.15 around 12:12 pm.

Benchmark NSE Nifty50 index was up 563.05 points at 11,267.85 while the BSE Sensex was up 1946.25 points at 38,039.72.

Among the 50 stocks in the Nifty index, 49 were trading in the green, while 1 were in the red.

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