Nifty Financial Services Index Gains 0.72% on October 23, 2025: SBI Card, Axis Bank Lead

The Nifty Financial Services Index closed higher on October 23, 2025, as of 10:20 am, at 27,734.50, up 197.65 points or 0.72%. The index saw strong buying in select banking and financial stocks, while a few counters faced selling pressure.

Top Gainers

SBICard led the gainers, rising 2.90% to ₹963.90 with volumes of 4.86 lakh shares and a turnover of ₹46.43 crore. Axis Bank followed with a 2.67% gain to ₹1,270.30, supported by 41.73 lakh shares and ₹525.52 crore in value.

ICICI Prudential climbed 2.39% to ₹609.50, while Shriram Finance advanced 2.36% to ₹711.65. Kotak Mahindra Bank also added 1.32%, closing at ₹2,226.10.

Top Loser

Muthoot Finance was the only major loser, falling 3.35% to ₹3,165.10. The stock saw volumes of 5.34 lakh shares and a turnover of ₹168.66 crore, reflecting profit booking after recent gains.

Market Sentiment

The session highlighted strong interest in credit card and private banking counters, while NBFCs showed mixed trends. Overall, liquidity remained robust, with Axis Bank and Shriram Finance contributing significantly to turnover.

The Nifty Financial Services Index ended at 27,734.50, marking a 0.72% rise. Positive momentum in banking and insurance stocks supported the index, even as select NBFC names faced pressure.

Read More: Passive Investments Register ₹70000 Crore Inflows.

Conclusion

The Nifty Financial Services Index posted a modest gain on October 23, 2025, led by SBICard, Axis Bank, and ICICI Prudential, and Muthoot Finance was the sole major drag. Market participants will watch upcoming quarterly results for further cues on sector performance.

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.

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