Nifty Financial Services Index Trades Flat at 25,983; PFC, REC and Muthoot Gain, Axis Bank Leads Losses

As of 13:03 IST on September 29, 2025, the Nifty Financial Services Index stood at 25,983.00, down just 2.25 points (-0.01%) from the previous close of 25,985.25. The index opened at 26,016.90 and traded within an intraday range of 25,886.60 – 26,111.80.

The index’s 52-week range is 22,320.85 – 27,369.80, with a P/E ratio of 17.00 and P/B of 2.69.

Top Gainers

PFC led the gains, rising 1.94% to ₹405, followed by REC at ₹372.85 (+1.48%) and Muthoot Finance at ₹3,057 (+1.22%). Other notable gainers include SBI at ₹865.55 (+1.00%) and HDFC Bank at ₹952.30 (+0.77%), reflecting selective buying in PSU and private financial stocks.

Top Losers

Axis Bank dropped 2.01% to ₹1,130.80, leading the laggards. Other declines included HDFC Life (-0.88% to ₹757.70), Kotak Mahindra Bank (-0.71% to ₹1,980.60), ICICI Bank (-0.54% to ₹1,352.20), and SBI Cards (-0.15% to ₹872.50). Large-cap private banks saw selling pressure, slightly offsetting gains elsewhere.

Key Constituents by Weightage

Among major constituents, HDFC Bank and SBI posted modest gains, while Axis Bank, ICICI Bank, and Kotak Mahindra Bank fell. Other stocks such as Bajaj Finance (+0.26% to ₹987.70) and Bajaj Finserv (+0.14% to ₹2,006.10) showed minor gains, keeping the index relatively stable.

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Conclusion

The Nifty Financial Services Index traded flat today, supported by gains in PSU lenders and key private financials, while major private banks like Axis and Kotak weighed on the index. Investors should watch sector leaders’ performance and broader market trends for further guidance.

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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