Share market update: Nifty Financial Services index flat; Indiabulls Housing tanks 8%

NEW DELHI: The Nifty Financial Services index was flat with most of its components trading lower in Tuesday's afternoon session.

Shares of Indiabulls Housing Finance (down 8.50 per cent), Indiabulls Ventures (down 7.91 per cent), Edelweiss Financial Services (down 7.04 per cent) and Mahindra & Mahindra Financial Services (down 3.41 per cent) were the top losers in the index.

Bajaj Holdings & Investment (down 3.36 per cent), Shriram Transport Finance Company (down 2.80 per cent), Bajaj Finserv (down 2.22 per cent) and State Bank of India (down 1.58 per cent) were trading with losses.

The Nifty Financial Services index was trading 0.01 per cent up at 12,507.15 around 02:15 pm.

Benchmark NSE Nifty50 index was down 44.90 points at 11,709.75 while the BSE Sensex was down 137.05 points at 38,930.28.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of YES Bank, SAIL, Vodafone Idea, Bank of Baroda, Tata Motors, ICICI Bank, SBI, Ashok Leyland, L&T Fin Holding, DLF, BHEL, Tata Steel, Axis Bank, Indiabulls Housing Finance, Indian Oil Corp, JSW Steel, Vedanta, Ambuja Cements, Bharti Infratel and BPCL were among the most traded shares on the NSE.