Nifty Financial Services Index at 25,770, Up 113 Points (0.44%) on May 4, 2026

The Nifty Financial Services Index is designed to track the performance of India’s financial sector. It includes banks, housing finance companies, insurance firms, financial institutions, and other financial service providers. The index consists of 20 stocks listed on the National Stock Exchange (NSE) and reflects the overall health of the financial industry.

FINNifty Methodology and Key Details

The index is calculated using the free-float market capitalisation method, which means only publicly available shares are considered when measuring the index value. It is widely used for benchmarking portfolios and launching index funds, ETFs, and structured products. The base date of the index is January 1, 2004, with a base value of 1000, and it is rebalanced twice a year to maintain relevance.

FINNifty Market Snapshot (4 May 2026)

The index was trading at 25,770.40, up 113.05 points (0.44%).

• Previous close: 25,657.35
• Open: 25,664.75
• Intraday low: 25,659.65
• Intraday high: 26,022.90
• Free-float market cap: ₹43.76 lakh crore 

Market breadth was positive with 15 advancing stocks and 5 declining stocks. The index traded with a P/E ratio of 16.71 and P/B ratio of 2.76. Over the past year, the index has seen mixed performance but strong long-term gains.

FINNifty Returns Performance

The index has delivered varied returns across different time frames. Short-term returns showed some weakness, while long-term performance remained strong.

• 1 week: -1.50%
• 1 month: 7.20%
• 3 months: -7.30%
• 6 months: -5.23%
• YTD: -6.85%
• 1 year: -1.45%
• 3 years: 32.31%
• 5 years: 67.34% 

Top Gainers in the Index

Financial stocks saw buying interest led by NBFCs and finance companies. Cholamandalam Investment and Finance Company Ltd gained 4.27%, followed by Shriram Finance Ltd up 1.94%. Jio Financial Services Ltd rose 1.90%, while BSE Ltd and Muthoot Finance Ltd also posted gains.

Read more: TCS, Infosys, HCLTech Lead 3–4% Rise in Revenue Per Employee in FY26, Signalling AI-Driven Productivity Shift.

Top Losers in the Index

Some large financial stocks saw mild declines. Kotak Mahindra Bank Ltd dropped 2.92%, while ICICI Lombard General Insurance Company Ltd and SBI Cards and Payment Services Ltd slipped slightly. LIC Housing Finance Ltd and REC Ltd also traded marginally lower.

Top Constituents by Weight

The index is dominated by major banks and financial institutions. HDFC Bank Ltd has the highest weight at 18.30%, followed by ICICI Bank Ltd at 13.49% and Axis Bank Ltd at 10.02%. Other major contributors include State Bank of India, Kotak Mahindra Bank Ltd, and Bajaj Finance Ltd.

Conclusion

The Nifty Financial Services Index traded higher with positive market breadth and gains in NBFCs and select financial stocks. Despite short-term volatility, the sector continues to show strong long-term growth potential.

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.