Share market update: NBFC stocks down; Coral India Finance tanks 15%

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NEW DELHI: Shares of non-banking financial companies (NBFC) were trading with losses in Friday’s afternoon session.

Coral India Finance & Housing (down 15.65 per cent) , Ind Bank Housing (down 11.37 per cent) , Baid Leasing & Finance Co (down 9.89 per cent) , Indiabulls Housing Finance Ltd (down 7.00 per cent) , Finkurve Financial Services (down 4.98 per cent) , Dewan Housing Finance Corporation (down 4.88 per cent) , Sakthi Finance (down 4.25 per cent) and Alps Motor Finance (down 4 per cent) were the top losers in the index.

India Home Loan (down 3.66 per cent) , Edelweiss Financial Services (down 3.44 per cent) , Garnet International (down 3.40 per cent) , Mas Financial Services (down 2.91 per cent) , HDFC (down 2.47 per cent) , Cholamandalam Investment & Finance (down 2.32 per cent) , SATIN (down 2.27 per cent) , Magma Fincorp (down 2.24 per cent) , Paisalo Digital (down 1.99 per cent) , Geojit Financial Serv (down 1.99 per cent) , Bajaj Finserv (down 1.99 per cent) , Motilal Oswal Financial Services (down 1.93 per cent) , Aditya Birla Capital Ltd (down 1.92 per cent) , Bajaj Finance (down 1.82 per cent) , SREI Infrastructure Finance (down 1.74 per cent) , Ashika Credit Capital (down 1.55 per cent) , Capri Global Capital Ltd (down 1.50 per cent) and Muthoot Finance (down 1.46 per cent) too were trading lower.

Meanwhile, PNB Housing Finance (up 13.95 per cent) , SRG Housing Finance (up 7.32 per cent) , GIC Housing Finance (up 6.78 per cent) , IIFL Wealth Management (up 5.79 per cent) , Sahara Housing (up 4.97 per cent) , Reliance Home (up 4.82 per cent) and ASHFL (up 3.77 per cent) were trading higher.

The NSE Nifty50 index was trading 55.45 points down at 11,527.15 while the 30share BSE Sensex was down 160.54 points at 38,859.85 at around 02:06 pm.

State Bank of India (up 5.64 per cent) , Sun Pharmaceutical Industries (up 1.87 per cent) , Bharat Petroleum Corporation (up 1.83 per cent) , ICICI Bank (up 1.69 per cent) and Tata Consultancy Services (up 1.20 per cent) were among the top gainers in the Nifty pack.

On the other hand, Bharti Infratel (down 8.04 per cent) , Indiabulls Housing Finance (down 7.24 per cent) , YES Bank (down 4.35 per cent) and Tata Motors (down 4.16 per cent) were trading in the red.

[“source=economictimes”]

Author: Lili