Stock market update: Nifty Financial Services index fall; Bajaj Finance drops nearly 2%

NEW DELHI: Nifty Financial Services index was trading with losses at 10:58AM (IST) on Wednesday.

Shares of Shriram Transport Finance (down 2.89 per cent), Bajaj Finance (down 1.59 per cent), Bajaj Holdings & Investment (down 1.4 per cent), HDFC Bank (down 1.33 per cent) and Kotak Mahindra Bank (down 1.31 per cent) were the top losers in the index.

While State Bank of India (up 3.92 per cent), REC (up 2.32 per cent), ICICI Lombard (up 1.45 per cent), Power Finance Corporation (up 0.89 per cent) and Mahindra & Mahindra Financial (up 0.64 per cent) were among the top gainers.


The Nifty Financial Services index was trading 0.65 per cent down at 10959.0 around 10:58AM.

Benchmark NSE Nifty50 index was down 48.95 points at 11273.55, while the BSE Sensex was 167.32 points at 38239.69.

Among the 50 stocks in the Nifty index, 13 were trading in the green, while 36 were in the red.

Shares of Vodafone Idea, SBI, Bank of Baroda, PNB and Motherson Sumi were among the most traded shares on the NSE.

Shares of Hindustan Aeronautics Ltd., Indiabulls Ventures (PP), ITI Ltd, M&M and Syngene International Ltd. hit their fresh 52 week high in today's trade.