Housing finance stocks drop; Indiabulls HF down 4%

Shares of housing finance companies erased their morning gains to trade lower late on Thursday morning on the NSE. Indiabulls Housing Finance fell ~6%, followed by Edelweiss Financial Services (-8%). The Nifty Financial Services index was down 1.1% at 10,584. Shares of PNB Housing Finance Ltd, meanwhile, fell ~3% to its lowest since March 14, 2017.

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