Share market update: Nifty Financial Services index dips; Bajaj Finance slips 5%

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

Shares of Bajaj Finance (down 4.84 per cent), Cholamandalam Investment & Finance Company (down 4.03 per cent), Bajaj Finserv (down 3.95 per cent) and Edelweiss Financial Services (down 2.96 per cent) were trading in the red.

HDFC Life Insurance Company (down 2.22 per cent), Housing Development Finance Corporation (down 1.73 per cent), State Bank of India (down 1.55 per cent) and Mahindra & Mahindra Financial Services (down 1.52 per cent) too were trading with losses.

The Nifty Financial Services index was trading 1.51 per cent down at 13,296.40 around 12:29 pm.

Benchmark NSE Nifty50 index was down 129.20 points at 11,467.70 while the BSE Sensex was down 407.28 points at 38,490.18.

Among the 50 stocks in the Nifty index, 6 were trading in the green, while 43 were in the red.

Shares of YES Bank, Vodafone Idea, Dish TV India, NTPC, SBI, ONGC, Ashok Leyland, Bank of Baroda, Coal India and BEL were among the most traded shares on the NSE.