Nifty Financial Services Index Falls Over 1% Intraday; 19 of 20 Stocks in Red
By Shishta Dutta | Updated at: Oct 16, 2025 04:09 PM IST
Mumbai, July 2 (14:00 IST): The Nifty Financial Services Index slipped sharply on Tuesday, down 1.15% intraday to 26,811.75, as selling pressure mounted across the banking and NBFC counters. At 14:00 IST, only one of the 20 constituent stocks was trading in the green, with 19 declining.
Key Index Metrics (as of 14:00 IST)
| Metric | Value |
|---|---|
| Open | 27,157.20 |
| Day High | 27,209.40 |
| Day Low | 26,793.90 |
| Previous Close | 27,124.20 |
| Last Traded Price | 26,811.75 |
| Intraday Change | -312.45 pts |
| Percent Change | -1.15% |
| Total Traded Volume | 6.12 Cr |
| Total Traded Value | ₹6,026.66 Cr |
Decline Led by Bajaj Twins, Shriram Finance, and Chola Finance
Major drags on the index included:
| Stock | Last Price (₹) | Change (₹) | % Change | 52W High (₹) | % Away from 52W High |
|---|---|---|---|---|---|
| BAJAJFINSV | 2,003.20 | -50.60 | -2.46% | 2,135.00 | -6.17% |
| CHOLAFIN | 1,547.10 | -52.70 | -3.29% | 1,684.40 | -8.15% |
| SHRIRAMFIN | 676.85 | -19.60 | -2.81% | 730.45 | -7.34% |
| SBICARD | 913.05 | -18.75 | -2.01% | 1,027.25 | -11.12% |
| BAJFINANCE | 917.35 | -19.30 | -2.06% | 978.80 | -6.28% |
HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and SBI also contributed to the decline with marginal losses, weighing heavily on the index due to their large weights.
Only Gainer: Axis Bank Flat
Axis Bank was the sole gainer in the pack, trading nearly flat at ₹1,173.40, up just 0.01% from its previous close of ₹1,173.30 as of 14:00 IST.
Broader Market Context
The weak performance in financials mirrored overall market sentiment, with the Nifty 50 down 0.54% at 25,404.45 around the same time. Rising global uncertainty and profit-booking at record highs have contributed to the cautious mood across sectors.
About Nifty Financial Services Index
The Nifty Financial Services Index represents companies from banks, housing finance, NBFCs, insurance, and other financial services listed on the NSE. It is widely tracked by market participants for insights into the performance of India’s financial sector.
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