Share market update: Nifty Financial Services index up; Indiabulls Housing Finance rises 3%

NEW DELHI: The Nifty Financial Services index was up with its components trading higher in Monday's afternoon session.

The Nifty Financial Services index was trading 1.62 per cent up at 12,275.90 around 11:56 am.

Shares of Mahindra & Mahindra Financial Services (up 5.05 per cent) , Indiabulls Housing Finance (up 3.61 per cent) , Edelweiss Financial Services (up 3.56 per cent) and Housing Development Finance Corporation (up 2.94 per cent) were the top performers in the index.

Cholamandalam Investment & Finance Company (up 2.59 per cent) , Indiabulls Ventures (up 2.33 per cent) , Bajaj Finance (up 2.10 per cent) and ICICI Lombard General Insurance Company (up 1.96 per cent) too were trading higher.

Benchmark NSE Nifty50 index was up 64.60 points at 10,893.95 while the BSE Sensex was up 259.04 points at 36,960.20.

Among the 50 stocks in the Nifty index, 26 were trading in the green, while 23 were in the red.

Shares of YES Bank, Vodafone Idea, Ashok Leyland, SBI, Tata Motors, Bank of Baroda, PNB, DLF, SAIL and Dish TV India were among the most traded shares on the NSE.