Nifty Financial Services Index Down 0.34%: BSE, SBI Life Gain; Shriram Finance, Muthoot Finance Fall

The Nifty Financial Services index was trading at 26,607.20 as of 11:47 am, marking a decline of 91.20 points or 0.34%. The index opened near the previous session’s close but quickly moved lower amid weakness in lending and NBFC counters.

Select large-cap banks offered limited support, preventing a sharper intraday fall. Market activity remained brisk across the financial sector, reflecting active participation during the session.

Nifty Financial Services Performance Overview

The index maintained a negative tone throughout the morning session, driven primarily by declines in major NBFCs. Selling pressure was visible in stocks such as Shriram Finance and Muthoot Finance, which weighed heavily on the overall index.

Gains in BSE and SBI Life Insurance provided some relief but were not enough to offset the broader weakness. Trading volumes across both gainers and losers remained strong, indicating a high level of intraday engagement.

Top Gainers

Top Losers

Sector‑Wise Market Movement

The financial sector displayed mixed intraday movement with gains in insurance and select banking names but a pronounced decline in NBFCs. Major NBFC stocks faced sustained selling pressure, significantly pulling down the index.

Insurance stocks traded with a positive bias, led by SBI Life Insurance’s gains. Banks showed divergent trends, with ICICI Bank and Kotak Mahindra Bank advancing while Axis Bank and HDFC Bank remained under pressure.

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Conclusion

As of 11:47 am, the Nifty Financial Services index traded lower, reflecting weakness across NBFC and lending-focused stocks. BSE Ltd and SBI Life Insurance were the notable gainers, providing limited stability to the declining index.

Shriram Finance and Muthoot Finance were the biggest drags, contributing significantly to the negative momentum. The session demonstrated sectoral divergence, with pockets of strength unable to counter the broader downtrend.

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