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Share market update: Nifty Financial Services index rises; MFSL climbs 3%

FII-gettyNEW DELHI: The Nifty Financial Services index was trading higher with its components trading on a mixed note.

Shares of Max Financial Services (up 3.20 per cent) , Axis BankNSE -0.68 % (up 1.80 per cent) , Power Finance Corporation (up 1.79 per cent) and Bajaj Finance (up 1.72 per cent) were trading higher.

Shriram Transport Finance Company (down 2.77 per cent) , Indiabulls Ventures (down 1.45 per cent) , Mahindra & Mahindra Financial Services (down 1.17 per cent) and State Bank of India (down 1.04 per cent) were trading with losses.

The Nifty Financial Services index was trading 0.17 per cent up at 12,227.45 around 02:15 pm.

Benchmark NSE Nifty50 index was up 2.10 points at 11,428.95 while the BSE Sensex was down 13.26 points at 38,011.06.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

Shares of Indian Oil Corp, YES Bank, SAIL, Bank of Baroda, Ashok Leyland, ICICI Bank, SBI, Tata Motors, NTPC, BEL, BHEL, Axis Bank, RIL, HPCL, L&T Fin Holding, PowerGrid, ITC, ONGC and BPCL were among the most traded shares on the NSE.