HDFC Bank Limited and Other Big Movers In Financial on November 12, 2012

The Nasdaq is down 0.1%, the S&P 500 has moved little and the Dow has slipped 0.1% after the morning's trading. The financial sector is the category of stocks containing firms that provide financial services to commercial and retail customers. This sector includes banks, investment funds, insurance companies and real estate. Financial services perform best in low interest rate environments. A large portion of this sector generates revenue from mortgages and loans, which gain value as interest rates drop. Furthermore, when the business cycle is in an upswing, the financial sector benefits from additional investments. Improved economic conditions usually lead to more capital projects and increased personal investing. New projects require financing, which usually leads to a larger number of loans.

The Financial sector (XLF) has fallen 0.1% despite little change in the market overall. The biggest movers in the sector so far are:

Company	Market Cap	Percentage Change
Nationstar Mortgage Holdings (NYSE:NSM)	$2.47 billion	-3%
Independent (Nasdaq:INDB)	$612 million	+2.2%
Bancolombia S.A (NYSE:CIB)	$8.02 billion	+2%
HDFC Bank Limited (NYSE:HDB)	$29.24 billion	+1.8%
Credicorp Ltd (NYSE:BAP)	$10.83 billion	+1.8%
FleetCor Technologies (NYSE:FLT)	$4 billion	+1.5%
Platinum Underwriters (NYSE:PTP)	$1.44 billion	-1.4%

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Nationstar Mortgage Holdings (NYSE:NSM) is currently trading at a share price of $26.51, a 3% decline. So far today, the company's volume is 319,899 shares, 0.1 times the average daily volume.

After an increase of 2.2%, Independent (Nasdaq:INDB) has reached a current price of $28.86. The company is currently trading a volume of 22,556 shares.

After rising 2%, Bancolombia S.A (NYSE:CIB) is currently trading at a share price of $64.29. So far today, the company's volume is 55,295 shares, on pace to finish the day below yesterday's volume of 313,012 shares.

HDFC Bank Limited (NYSE:HDB) is currently trading at $38.04 per share, a 1.8% increase. The company's volume for the day so far is 135,375 shares. This is 0.3 times the average volume over the last three months.

Credicorp Ltd (NYSE:BAP) is up 1.8% to reach a current price of $138.28 per share. The company's volume is currently 220,787 shares for the day, 0.9 times the average daily volume.

FleetCor Technologies (NYSE:FLT) has risen 1.5% and is currently trading at $48.60 per share. This morning, the company is trading a volume of 259,050 shares.

At $43.47, Platinum Underwriters (NYSE:PTP) has slipped 1.4%. This morning, 43,959 shares have been traded, which is likely to result in less activity than yesterday's volume of 131,675 shares.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.