Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 76.46 points or 1.04% at 7246.72 at 13:48 IST.
Among the components of the S&P BSE Finance index, Shriram Transport Finance Company Ltd (down 6.05%), Magma Fincorp Ltd (down 5.05%),Cholamandalam Investment & Finance Company Ltd (down 4.93%),Dolat Investments Ltd (down 4.71%),Dewan Housing Finance Corporation Ltd (down 4.64%), were the top losers. Among the other losers were Dhanlaxmi Bank Ltd (down 4.2%), Muthoot Finance Ltd (down 4.13%), Bandhan Bank Ltd (down 3.93%), Bajaj Finance Ltd (down 3.63%), and Housing Development Finance Corporation Ltd (down 2.91%).
On the other hand, Housing & Urban Development Corporation Ltd (up 12.3%), Jammu and Kashmir Bank Ltd (up 8.63%), and Paisalo Digital Ltd (up 4.31%) moved up.