As of October 13, 2025, 10:26 AM IST, the Nifty Financial Services Index traded slightly lower by 0.20% at 26,788.05, compared to the previous close of 26,842.25. The index opened at 26,703.95, hit an intraday high of 26,822.20, and touched a low of 26,690.10.
The Nifty Financial Services Index represents India’s leading financial companies, including banks, housing finance firms, NBFCs, and insurance providers. It is calculated using the free-float market capitalization method, accounting only for publicly traded shares. Launched on September 7, 2011, with a base date of January 1, 2004, and a base value of 1,000 points, the index serves as a crucial benchmark for mutual funds, ETFs, and structured products in the financial services space.
Leading the gainers, State Bank of India (SBIN) rose 0.66% to ₹886.50, driven by sustained buying interest and strong trading volumes worth ₹258.9 crore. SBI Life Insurance (SBILIFE) gained 0.59% to ₹1,821.10, continuing its upward momentum. Shriram Finance (SHRIRAMFIN) added 0.45% to ₹668.05, while Muthoot Finance (MUTHOOTFIN) climbed 0.39% to ₹3,169.10 amid optimism in the gold finance segment. ICICI Prudential Life Insurance (ICICIPRULI) also advanced 0.27% to ₹599.30, contributing modestly to index stability.
On the flip side, ICICI Lombard General Insurance (ICICIGI) declined 0.90% to ₹1,846.00, emerging as the top laggard. Jio Financial Services (JIOFIN) fell 0.80% to ₹305.70, weighed down by profit booking after recent gains. REC Ltd (RECLTD) slipped 0.64% to ₹370.55, while HDFC Bank and Kotak Mahindra Bank dipped 0.55% and 0.32%, respectively. Weakness in these heavyweights limited the index’s upside potential.
Over the past week, the Nifty Financial Services Index rose 0.28%, while it gained 1.61% in one month. Over a 3-month period, it dipped slightly by 0.24%, showing short-term consolidation. However, the index surged 9.09% in 6 months, and on a year-to-date (YTD) basis, it climbed 13.41%, with a 13.45% annual return. Over the longer term, it has delivered stellar returns of 54.05% in 3 years and 133.33% in 5 years, highlighting strong sectoral resilience and long-term investor confidence.
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Top banks and financial institutions dominate the Nifty Financial Services Index. HDFC Bank Ltd. leads with a 32.13% weight, followed by ICICI Bank Ltd. at 21.28%, and State Bank of India at 8.01%. Axis Bank (7.17%), Kotak Mahindra Bank (6.48%), and Bajaj Finance (5.88%) also hold significant weights. Together, the top 10 constituents—including Bajaj Finserv, Jio Financial Services, Shriram Finance, and BSE Ltd.—account for nearly 89% of the index’s total composition, indicating that large private and PSU banks drive most of its movement.
The Nifty Financial Services Index traded mildly lower at 26,788, reflecting a mixed trend across major financial players. Gains in PSU banks and insurance counters offset losses in private banks and select NBFCs. Despite short-term fluctuations, the index remains well-positioned for steady growth, supported by strong credit demand, digital transformation, and resilient financial fundamentals across India’s banking and financial services sector.
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.
Published on: Oct 13, 2025, 11:28 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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