Stock market update: Nifty Financial Services index jumps 2%; HDFC AMC rises 3%

Stock market update: Nifty Financial Services index jumps 2%; HDFC AMC rises 3%

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NEW DELHI: Nifty Financial Services index was trading on a positive note at 12:41PM (IST) on Monday. Shares of Kotak Mahindra Bank (up 3.62 per cent), HDFC Asset Management Company (up 3.18 per cent), HDFC Bank (up 3.05 per cent), Bajaj Finance (up 2.68 per cent) and Cholamandalam Investment & Finance (up 2.24 per cent) were among the top gainers.

While Power Finance Corporation (down 2.92 per cent), REC (down 1.11 per cent), ICICI Lombard (down 0.77 per cent), SBI Life (down 0.68 per cent) and Piramal Enterprises (down 0.15 per cent) were the top losers in the index.

The Nifty Financial Services index was trading 2.18 per cent up at 11266.0 around 12:41PM.

Benchmark NSE Nifty50 index was up 104.80 points at 11476.4, while the BSE Sensex was up 366.5 points at 38801.22.

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

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

Shares of Fine Organic Industries Ltd., Indiabulls Ventures (PP), Vinati Organics, Affle (India) Ltd. and BASF India hit their fresh 52 week high in today’s trade, while Eicher Motors Ltd. hit fresh 52 week low in trade.

Credit: Stocks-Markets-Economic Times

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