Nifty Financial Services Index Rallies 1.01% by Midday; HDFC Bank, Bajaj Finance Lead Gains

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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