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

Shares of Shriram Transport Finance Company (down 1.68 per cent), Bajaj Holdings & Investment (down 1.39 per cent), HDFC Bank (down 1.32 per cent) and REC (down 1.31 per cent) were the worst performers in the index.

Housing Development Finance Corporation (down 1.02 per cent), Sundaram Finance (down 0.61 per cent), Kotak Mahindra Bank (down 0.46 per cent) and ICICI Bank (down 0.41 per cent) too were trading with losses.

The Nifty Financial Services index was trading 0.63 per cent down at 12,139.05 around 02:14 pm.

Benchmark NSE Nifty50 index was down 85.20 points at 11,274.25 while the BSE Sensex was down 304.23 points at 37,484.90.

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

Shares of Vodafone Idea, YES Bank, Suzlon Energy, ZEEL, Tata Motors, Dish TV India, DHFL, PNB, Ashok Leyland and RIL were among the most traded shares on the NSE.