Stock market update: Financial services bullish; IB Housing zooms 3%

NEW DELHI: Shares of financial services were trading with gains in Friday's morning session.

Shares of Indiabulls Housing Finance (up 3.25 per cent), Power Finance Corporation (up 3.23 per cent), ICICI Bank (up 1.31 per cent), ICICI Prudential Life Insurance (up 1.27 per cent) and Axis Bank (up 1.11 per cent) were the top gainers.

State Bank of India (up 1.02 per cent), REC (up 1.01 per cent), SBI Life (up 0.65 per cent) and ICICI Lombard (up 0.61 per cent) too were in the green.

While Edelweiss Financial Services (down 3.21 per cent) and HDFC Life Insurance (down 1.38 per cent) were the top losers in the index.

The Nifty Financial Services index was trading 0.69 per cent up at 14,386.75 around 10:55 am.

Benchmark NSE Nifty50 index was up 49.40 points at 12,229.75, while the BSE Sensex was up 145.9 points at 41,532.3.

Among the 50 stocks in the Nifty index, 41 were trading in the green, while 9 were in the red.

Shares of YES Bank, Vodafone Idea, Indian Oil, Indiabulls Housing, SBI, PFC, Bank of Baroda, ICICI Bank, Tata Motors and BHEL were among the most traded shares on the NSE.