Share market update: Nifty Financial Services index rises; STFC jumps 5%

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

Shares of Shriram Transport Finance Company (up 4.79 per cent), ICICI Bank (up 2.14 per cent), HDFC Bank (up 1.88 per cent) and Kotak Mahindra Bank (up 1.74 per cent) were trading higher.

Axis Bank (up 1.70 per cent), Bajaj Finance (up 0.84 per cent), State Bank of India (up 0.80 per cent) and Housing Development Finance Corporation (up 0.66 per cent) too were trading in the green.


The Nifty Financial Services index was trading 1.32 per cent up at 12,759.20 around 12:11 pm.

Benchmark NSE Nifty50 index was up 36.50 points at 11,211.25 while the BSE Sensex was up 174.59 points at 37,847.90.

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, ZEEL, Ashok Leyland, SBI, Tata Motors, BPCL, Bank of Baroda and SAIL were among the most traded shares on the NSE.