Share market update: Nifty Financial Services index rises; PFC surges over 6%

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

Shares of Power Finance Corporation (up 6.53 per cent), Edelweiss Financial Services (up 4.48 per cent), REC (up 1.99 per cent) and State Bank of India (up 1.82 per cent) were trading with gains.

ICICI Prudential Life Insurance Company (up 0.97 per cent), Bajaj Holdings & Investment (up 0.71 per cent), Axis Bank (up 0.51 per cent) and Kotak Mahindra Bank (up 0.40 per cent) too were trading higher.


The Nifty Financial Services index was trading 0.44 per cent up at 12,323.85 around 02:22 pm.

Benchmark NSE Nifty50 index was up 49.55 points at 11,511.75 while the BSE Sensex was up 194.72 points at 38,289.79.

Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.

Shares of Bank of Baroda, SBI, Indian Oil Corp, SAIL, NTPC, YES Bank, ONGC, ITC, BEL, Aditya Birla Capital, Ashok Leyland, ICICI Bank, PowerGrid, Bharti Infratel, BHEL, Tata Motors, Coal India, Axis Bank and Vedanta were among the most traded shares on the NSE.