Nifty Financial Services Index Rallies 1.01% by Midday; HDFC Bank, Bajaj Finance Lead Gains
By Ankur Chandra | Published at: Jun 26, 2025 12:33 PM IST
Mumbai, June 26 (12:20 PM IST) — The Nifty Financial Services Index surged 270.25 points, or 1.01%, to 27,121.45 in early afternoon trade on Thursday, outperforming broader markets amid strong buying interest in frontline financial stocks.
Index Snapshot
| Metric | Value |
|---|---|
| Last Price | 27,121.45 |
| Change | +270.25 |
| % Change | +1.01% |
| Open | 26,882.35 |
| Day High | 27,144.40 |
| Day Low | 26,848.05 |
| Previous Close | 26,851.20 |
| 52-Week High | 27,086.70 |
| 52-Week Low | 22,320.85 |
| Total Volume | 7.85 crore |
| Turnover | ₹66,778 crore |
Advances outweighed declines with 17 stocks in the green, 3 in the red, and none unchanged.
Top Movers in Nifty Financial Services
Gainers
| Stock | LTP | Change (₹) | % Change |
|---|---|---|---|
| Jio Financial (JIOFIN) | ₹310.60 | +7.30 | +2.41% |
| Bajaj Finance (BAJFINANCE) | ₹948.00 | +20.00 | +2.16% |
| ICICI Pru Life (ICICIPRULI) | ₹646.30 | +11.65 | +1.84% |
| Axis Bank (AXISBANK) | ₹1,231.30 | +18.00 | +1.48% |
| Shriram Finance (SHRIRAMFIN) | ₹684.65 | +9.55 | +1.41% |
| HDFC Bank (HDFCBANK) | ₹2,005.90 | +25.70 | +1.30% |
Laggards
| Stock | LTP | Change (₹) | % Change |
|---|---|---|---|
| HDFC AMC (HDFCAMC) | ₹5,039.60 | -52.70 | -1.03% |
| State Bank of India (SBIN) | ₹794.40 | -5.65 | -0.71% |
| Muthoot Finance (MUTHOOTFIN) | ₹2,560.00 | -14.00 | -0.54% |
Key Technical Highlights
- HDFC Bank hit a fresh 52-week high of ₹2,008 intraday, just a whisker away from its previous high.
- Jio Financial Services gained sharply, up 2.41%, with volumes exceeding 2.5 crore shares.
- Bajaj Finance also saw strong traction, climbing 2.16% intraday to ₹948.
Sectoral Context
The financial sector rally reflects renewed investor optimism, especially in private sector banks, NBFCs, and life insurers. The midday trade data shows ₹66,778 crore in turnover, indicating broad-based participation.
Outlook
With the index now breaching its previous 52-week high of 27,086.70, a strong close above this level could signal further bullish momentum in the coming sessions, especially if volumes sustain.
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