The Nifty Financial Services index was down with its components trading lower in Tuesday’s afternoon session.
Shares of Edelweiss Financial Services (down 5.78 per cent) , Kotak Mahindra Bank NSE -1.37 % (down 2.47 per cent) , REC NSE -1.83 % (down 2.36 per cent) and ICICI Bank (down 2.17 per cent) were the top losers in the index.
State Bank of India (down 2.02 per cent) , ICICI Lombard General Insurance Company (down 1.87 per cent) , Bajaj Finance (down 1.77 per cent) and Axis Bank (down 1.72 per cent) too were trading lower.
The Nifty Financial Services index was trading 1.58 per cent down at 13,345.65.
Benchmark NSE Nifty50 index was down 31.50 points at 11,568.70 while the BSE Sensex was down 89.01 points at 39,001.02.
Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.