{"id":115725,"date":"2026-06-12T12:44:59","date_gmt":"2026-06-12T07:14:59","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=115725"},"modified":"2026-06-12T12:45:00","modified_gmt":"2026-06-12T07:15:00","slug":"nifty-midsmall-financial-services-june-12","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-midsmall-financial-services-june-12\/","title":{"rendered":"Nifty MidSmall Financial Services Gains 1.33% to 21,316 as Rate Cut Expectations and Risk-On Rally Boost Mid and Small-Cap NBFC Stocks"},"content":{"rendered":"
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Nifty MidSmall Financial Services: 21,316.55 (+280.45, +1.33%) | Prev close 21,036.10 | Key constituents: Angel One (broking), IIFL Finance, Manappuram Finance, Five Star Business Finance, CreditAccess Grameen, Ujjivan SFB. Catalyst: Rate cut hopes + risk-on = higher broking volumes and lower NBFC borrowing costs.<\/em><\/p>\n

The Nifty MidSmall Financial Services<\/strong> index rose 1.33% to 21,316.55 on June 12, 2026, as mid and small-cap financial services companies participated in the broader market’s Iran deal-driven risk-on rally. The index captures India’s rapidly growing second tier of financial intermediaries: retail discount brokers, mid-size NBFCs, gold lending companies, microfinance institutions, and small finance banks. While the gain of +1.33% is more modest than the index’s earlier peak of +1.60% at 9:19 AM, the sector remains firmly positive as rate cut expectations improve the funding cost outlook for NBFCs and market activity boosts broking revenue.<\/p>\n

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