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Financials shares fall

Capital Market 

Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 641.79 points or 13.96% at 3957 at 13:52 IST.

Among the components of the S&P BSE Finance index, Mahindra & Mahindra Financial Services Ltd (down 29.03%), Axis Bank Ltd (down 24.99%),Cholamandalam Investment & Finance Company Ltd (down 24.83%),Equitas Holdings Ltd (down 24.42%),Bandhan Bank Ltd (down 23.93%), were the top losers. Among the other losers were Max Financial Services Ltd (down 23.54%), IndusInd Bank Ltd (down 23.45%), Ujjivan Financial Services Ltd (down 22.95%), Federal Bank Ltd (down 21.48%), and ICICI Securities Ltd (down 20%).

On the other hand, Indiabulls Housing Finance Ltd (up 7.85%), moved up.

At 13:52 IST, the S&P BSE Sensex was down 3471.41 or 11.6% at 26444.55.

The Nifty 50 index was down 969.65 points or 11.09% at 7775.8.

The S&P BSE Small-Cap index was down 1104.93 points or 10.93% at 9008.43.

The S&P BSE 150 Midcap Index index was down 413.25 points or 11.36% at 3225.36.

On BSE,217 shares were trading in green, 1895 were trading in red and 120 were unchanged.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 23 2020. 14:00 IST
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