NIFTY FINANCIAL SERVICES Index Drops Below 24,900 Mark in Intraday Trade on October 12, 2026

The NIFTY FINANCIAL SERVICES Index opened the October 12, 2026, session with a positive outlook at 25,017.25 and registered an intraday high of 25,089.50 soon after opening. The index later touched an intraday low of 24,811.85. 

NIFTY FINANCIAL SERVICES Index Performance on October 12, 2026 

The NIFTY FINANCIAL SERVICES index opened above its previous close at the 25,017.25 level and hit an intraday high of 25,089.50. 

As the session progressed, continuous selling pressure emerged, dragging the index down by over 150 points from its previous close to touch a low of 24,811.85. 

At 12:00 PM, the index was trading at 24,847.05, down by 121.45 points or 0.49% on October 12, 2026. 

Advance Decline Ratio of NIFTY FINANCIAL SERVICES Index on October 12, 2026 

The market breadth of NIFTY FINANCIAL SERVICES remained weak during the morning session on October 12, 2026, with 7 stocks advancing and 13 stocks declining. 

Heavy liquidation was observed across index heavyweights, leaving the vast majority of index constituents in the red. 

Top Gainers and Losers of NIFTY FINANCIAL SERVICES Index on October 12, 2026 

The market index recorded sharp downward movements across its constituents during the session as of 12:00 PM. 

Among the gainers, REC (RECLTD) led the advance with a Last Traded Price (LTP) of 304.90, gaining 4.90 points (+1.63%). 

It was followed by Power Finance Corporation (PFC), which rose by 5.35 points (+1.63%) to an LTP of 333.15. 

BSE (BSE) also traded firm at an LTP of 3,331.30 with a value increase of 44.10 points (+1.34%),while LIC Housing Finance (LICHSGFIN) rounded out the top gainers at an LTP of 555.75, adding 4.10 points (+0.74%). 

Conversely, heavy selling pressure was observed among the top losers, State Bank of India (SBIN) dropped the sharpest in percentage terms, falling by 18.40 points (-1.92%) to an LTP of 940.70. 

ICICI Bank (ICICIBANK) also faced notable corrections, shedding 18.00 points (-1.33%) to reach an LTP of 1,337.00. 

SBI Life Insurance Company (SBILIFE) lost value, decreasing by 14.40 points (-0.85%) to trade at an LTP of 1,670.20,while Axis Bank (AXISBANK) slid close behind, dropping by 10.10 points (-0.80%) to cross an LTP of 1,249.00. 

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Conclusion 

On Monday, October 12, 2026, the NIFTY FINANCIAL SERVICES Index traded with losses of 0.49% by midday, weighed down by widespread risk-off sentiment. Pressure in State Bank of India, ICICI Bank and SBI Life Insurance Company dragged the index lower even as a few constituents showed relative resilience. 

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