Share market update: Nifty Financial Services index rises; M&M Financial Services climbs 5%

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

Shares of Mahindra & Mahindra Financial Services (up 5.09 per cent), Indiabulls Housing Finance (up 3.74 per cent), Shriram Transport Finance Company (up 2.74 per cent) and Indiabulls Ventures (up 1.41 per cent) were trading with gains.

Edelweiss Financial Services (up 1.31 per cent), ICICI Prudential Life Insurance Company (up 1.31 per cent), Kotak Mahindra Bank (up 1.17 per cent) and Power Finance Corporation (up 1.05 per cent) too were trading in the green.


The Nifty Financial Services index was trading 0.38 per cent up at 13,856.95 around 12:56 pm.

Benchmark NSE Nifty50 index was down 25.85 points at 11,920.90 while the BSE Sensex was down 64.55 points at 39,843.51.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Shares of YES Bank, Vodafone Idea, GMR Infra, Bank of Baroda, PNB, SBI, SAIL, L&T Fin Holding and Dish TV India were among the most traded shares on the NSE.