FINNIFTY Drop ~2% on April 1: SBI Card and Bajaj Finserv Were Top Losers on Index

On April 1, 2025, the Nifty Financial Services Index (FINNIFTY) was down ~2% to 24,616.75 at 11:20 AM. The Nifty Finance Index comprises 20 stocks that are listed on the National Stock Exchange (NSE). The private sector banks constitute ~69.58% of the FINNIFTY, while 6.93% is comprised of the public sector banks

The Nifty Financial Services Index mirrors the behaviour and performance of the Indian financial market which includes banks, financial institutions, housing finance, insurance companies and other financial services companies.

Top Gainers and Losers on FINNIFTY

On April 1, 2025, HDFC Life, ICICI Prudential Life and Jio Financial Services were the top gainers, while SBI Card, Cholamandalam Financial Services, and Bajaj Finserv were the top losers.

FINNIFTY Outpaced Nifty 50

In the past 1 year, FINNIFTY has delivered a return of 6.2% while Nifty 50 generated a return of ~0.9 %. The Nifty Financial Services Index has outperformed the Nifty 50 Index in 10 out of the last 17 calendar years and outperformed the Nifty Bank Index in 11 out of the last 17 calendar years from 2004 onward. The Nifty Financial Services Index has generally underperformed the Nifty 50 Index in years of global turmoil.

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