Nifty Financial Services Index Rises 0.38% to 27,341 as Banks Lead Gains on November 10

The Nifty Financial Services Index edged up 0.38% to 27,341.30 on November 10. The index opened at 27,247.40 and touched an intraday high of 27,390.50. 

The index showed a positive trend, with 14 stocks advancing, 5 declining, and 1 remaining unchanged. The free-float market capitalisation stood at ₹47.40 lakh crore.

About the Nifty Financial Services Index

This index tracks the performance of India’s financial sector, including banks, NBFCs, housing finance companies, insurers and other financial service providers. It consists of 20 NSE-listed stocks and is calculated using the free-float market capitalisation method, meaning it reflects the market value of shares that are actually available for trading.

Launched in 2011 with a base value of 1,000, the index is reviewed semi-annually and is widely used for benchmarking mutual funds, creating ETFs and designing structured products.

Top Constituents

Top constituents of the index include HDFC Bank with a weight of 31.99%, followed by ICICI Bank at 20.36%, State Bank of India at 8.25%, Axis Bank at 7.49%, and Kotak Mahindra Bank at 6.56%. Other important contributors are Bajaj Finance, Bajaj Finserv, Shriram Finance, BSE Ltd and Jio Financial Services.

Top Gainers and Losers

Among the top gainers, Cholamandalam Investment climbed 2.64%, Muthoot Finance rose 2.29%, and Shriram Finance gained 1.37%. HDFC Life and Bajaj Finance also registered gains of more than 1%, adding to the positive sentiment.

On the losing side, BSE Ltd declined 1.72%, while PFC slipped 1.03%. SBI, REC and SBI Life saw mild declines of under 1%, reflecting mixed market movement within the index.

Read More: Crude Oil Holds Near $63 as Traders Weigh Supply Outlook and Sanctions.

Performance Snapshot

In terms of performance, the index remains strong across time frames. It has delivered a 15.75% gain so far in 2025, with one-year returns at 14.71%. Over the past five years, the index has surged 99.59%, underscoring steady long-term growth.

Key Financial Ratios

Key financial ratios show the index trading at a P/E of 17.87 and a P/B of 2.84, while the dividend yield currently stands at 2.83%.

Conclusion

The Nifty Financial Services Index continues to highlight the strength of India’s financial sector. With major banks and NBFCs driving gains, the index shows solid momentum across short and long periods. Strong fundamentals and consistent returns keep it a key benchmark for tracking the performance of India’s financial market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.