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

Shares of Sundaram Finance (down 1.96 per cent), Axis Bank (down 1.85 per cent), Mahindra & Mahindra Financial Services (down 1.44 per cent) and Kotak Mahindra Bank (down 1.31 per cent) were the top losers in the index.

Indiabulls Housing Finance (down 1.01 per cent), Indiabulls Ventures (down 0.83 per cent), Bajaj Finance (down 0.52 per cent) and Bajaj Finserv (down 0.52 per cent) too were trading lower.

The Nifty Financial Services index was trading 0.33 per cent down at 13,437 around 02:04 pm.

Benchmark NSE Nifty50 index was down 59.90 points at 11,854.15 while the BSE Sensex was down 191.53 points at 39,549.83.

Among the 50 stocks in the Nifty index, 11 were trading in the green, while 38 were in the red.

Shares of YES Bank, GRUH Finance, Indiabulls Housing Finance, Dish TV India, PowerGrid, PNB, Vodafone Idea, BHEL, Bank of Baroda and SAIL were among the most traded shares on the NSE.

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