Stock market update: Nifty Financial Services index gains 1%; SBI Life rises 3%

NEW DELHI: Nifty Financial Services index was trading higher at 11:42AM (IST) on Friday.

Shares of SBI Life (up 3.02 per cent), State Bank of India (up 2.44 per cent), ICICI Pru Life (up 2.12 per cent), HDFC Bank (up 2.08 per cent) and HDFC Life Insurance (up 1.75 per cent) were among the top gainers.

While Cholamandalam Investment & Finance (down 1.28 per cent), Mahindra & Mahindra Financial (down 1.07 per cent), HDFC Asset Management Company (down 0.41 per cent), ICICIGI (down 0.16 per cent) and REC (down 0.09 per cent) were the top losers in the index.

The Nifty Financial Services index was trading 1.12 per cent up at 11019.7 around 11:42AM.

Benchmark NSE Nifty50 index was up 80.45 points at 11392.65, while the BSE Sensex was up 276.36 points at 38496.75.

Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red.

Shares of YES Bank, BHEL, Zee Ent., Vodafone Idea and NTPC were among the most traded shares on the NSE.

Shares of Indiabulls Ventures (PP), Affle (India) Ltd., Aarti Drugs, Aditya Birla Fashion (PP) and Alkyl Amines hit their fresh 52 week high in today’s trade, while hit fresh 52 week low in trade.