Financials stocks slide

Financials stocks were trading with losses, with the S&P BSE Finance index decreasing 196.17 points or 2.87% at 6650.75 at 13:48 IST.

Among the components of the S&P BSE Finance index, SBI Life Insurance Company Ltd (down 9.89%), ICICI Prudential Life Insurance Company Ltd (down 8.8%),Max Financial Services Ltd (down 8.17%),IIFL Finance Ltd (down 6.53%),HDFC Life Insurance Company Ltd (down 6.53%), were the top losers. Among the other losers were Nippon Life India Asset Management Ltd (down 6.15%), Equitas Holdings Ltd (down 5.73%), Indiabulls Housing Finance Ltd (down 5.4%), Bajaj Finserv Ltd (down 5.09%), and Magma Fincorp Ltd (down 4.98%).

 

On the other hand, IDBI Bank Ltd (up 11.5%), IDFC Ltd (up 2.75%), and Capri Global Capital Ltd (up 2.5%) turned up.

At 13:48 IST, the S&P BSE Sensex was down 680.81 or 1.67% at 40042.68.

The Nifty 50 index was down 197.45 points or 1.65% at 11764.65.

The S&P BSE Small-Cap index was down 234.04 points or 1.6% at 14433.92.

The S&P BSE 150 Midcap Index index was down 84.97 points or 1.69% at 4951.14.

On BSE,672 shares were trading in green, 1477 were trading in red and 114 were unchanged.

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