Nifty Financial Services Rises 0.19%: Axis Bank, BSE Gain; Kotak Mahindra Bank, Bajaj Finserv Fall

The Nifty Financial Services index was trading at 26,871.80 as of 11:48 AM, reflecting a gain of 50.45 points or 0.19%. The index opened near the previous close and maintained steady upward movement during the first half of the session.

Buying interest was concentrated in select private-sector banks and financial service stocks, which kept the index in positive territory. Overall, market sentiment remained mixed, with some large banking and NBFC counters witnessing selling pressure.

Nifty Financial Services Performance Overview

The index held a modest positive bias. Gains in Axis Bank and BSE contributed significantly to index strength, helping counter weakness from other heavyweights.

Declines in Kotak Mahindra Bank and Bajaj Finserv offset part of the morning’s upward momentum. Trading volumes were notably high across several stocks, indicating active market participation.

Top Gainers

Top Losers

Sector‑Wise Market Movement

Private-sector banks recorded mixed performance, with Axis Bank rising sharply while Kotak Mahindra Bank declined notably. NBFCs also showed a divergent trend, as Bajaj Finance and Bajaj Finserv weakened while Shriram Finance posted a marginal decline.

Insurance names performed relatively better, supported by gains in SBI Life Insurance. Overall, the index reflected sector-specific movements, with gains in banking and insurance partly offset by declines in diversified financials.

Read More: Stocks to Watch Today on January 27, 2026.

Conclusion

The Nifty Financial Services index closed modestly higher on January 16, 2026, driven by strong gains in Axis Bank and BSE. However, losses in Kotak Mahindra Bank and Bajaj Finserv offset part of the upward momentum.

Trading activity remained strong across the board, reflecting consistent investor engagement within the financial sector. The session showcased a mixed trend, with select financial stocks supporting the index while others experienced noticeable declines.

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