Share market update: Nifty Financial Services index down; PFC slumps 4%

The Nifty Financial Services index was down with its components trading lower in Tuesday session .

Shares of Power Finance Corporation (down 4.53 per cent), REC NSE -3.70 % (down 2.83 per cent), Axis Bank NSE -3.92 % (down 2.82 per cent) and Housing Development Finance Corporation (down 2.00 per cent) were trading in the red.

Mahindra & Mahindra Financial Services (down 1.22 per cent), State Bank of India (down 1.09 per cent), Bajaj Holdings & Investment (down 1.08 per cent) and HDFC Life Insurance Company (down 1.00 per cent) too were trading lower.

The Nifty Financial Services index was trading 1.05 per cent down at 12,267.45.

Benchmark NSE Nifty50 index was down 91.70 points at 10,911.80 while the BSE Sensex was down 319.14 points at 36,804.17.

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

Shares of YES Bank, SAIL, Vodafone Idea, Tata Motors, JSPL, BEL, Ashok Leyland, Dish TV India, Motherson Sumi and Indiabulls Housing Finance were among the most traded shares on the NSE.

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