{"id":117557,"date":"2026-06-15T11:39:49","date_gmt":"2026-06-15T06:09:49","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=117557"},"modified":"2026-06-15T11:39:50","modified_gmt":"2026-06-15T06:09:50","slug":"nifty-financial-services-ex-bank-june-15-iran-deal-rally","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/","title":{"rendered":"Nifty Financial Services Ex-Bank Rises 3.25% to 31,361 on June 15 as Iran Deal Rate Cut Hopes Lift NBFCs, AMCs, Insurance and Broking Stocks"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Nifty FinServ Ex-Bank (FINSEREX): 31,361 (+3.25%). LTF +6.41%, HDFCAMC +5.67%, CHOLAFIN +5.42%, MUTHOOTFIN +5.28%. Iran deal: rate cut catalyst.<\/em><\/p>\n<p>The <a href=\"https:\/\/univest.in\/user\/indices\/nifty-fin-service\/nifty-fin-service-share-price-today\"><strong>Nifty Financial Services<\/strong> <\/a>Ex-Bank index (FINSEREX) rose 3.25% to 31,361.80 on June 15, 2026, making it the second top performing Nifty sector index after Nifty Realty (+3.91%), as the US-Iran peace deal confirmation drove rate cut expectations across Indian financial markets. The <strong>Nifty Financial Services<\/strong> Ex-Bank index encompasses NBFCs, life insurance companies, AMCs, exchanges, depositories, and fintech, all of which benefit significantly from lower interest rate expectations. L&amp;T Finance led the index with an impressive +6.41% gain to Rs 293.65, followed by HDFC AMC (+5.67%), Cholamandalam Finance (+5.42%), Muthoot Finance (+5.28%), and Shriram Finance (+4.88%). MCX crude oil crashing 5.36% to Rs 7,541 set off the <strong>Nifty Financial Services<\/strong> rally by strengthening the case for RBI rate cuts that directly expand NBFC margins and improve loan demand.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=nifty-finserv-iran-deal-rally\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#Nifty_Financial_Services_Ex-Bank_All_Top_Movers_Today\" title=\"Nifty Financial Services Ex-Bank: All Top Movers Today\">Nifty Financial Services Ex-Bank: All Top Movers Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#Why_Each_FinServ_Sub-Sector_Is_Rallying\" title=\"Why Each FinServ Sub-Sector Is Rallying\">Why Each FinServ Sub-Sector Is Rallying<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#Why_is_Nifty_Financial_Services_Ex-Bank_FINSEREX_up_today\" title=\"Why is Nifty Financial Services Ex-Bank (FINSEREX) up today?\">Why is Nifty Financial Services Ex-Bank (FINSEREX) up today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#Why_is_LTF_L_T_Finance_the_top_FINSEREX_gainer_today_at_641\" title=\"Why is LTF (L&amp;T Finance) the top FINSEREX gainer today at +6.41%?\">Why is LTF (L&amp;T Finance) the top FINSEREX gainer today at +6.41%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#How_do_NBFC_stocks_benefit_from_the_Iran_deal_rate_cut_expectations\" title=\"How do NBFC stocks benefit from the Iran deal rate cut expectations?\">How do NBFC stocks benefit from the Iran deal rate cut expectations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-june-15-iran-deal-rally\/#What_is_the_Nifty_FinServ_Ex-Bank_index_and_what_does_it_contain\" title=\"What is the Nifty FinServ Ex-Bank index and what does it contain?\">What is the Nifty FinServ Ex-Bank index and what does it contain?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Nifty_Financial_Services_Ex-Bank_All_Top_Movers_Today\"><\/span><strong>Nifty Financial Services Ex-Bank: All Top Movers Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Stock<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">NSE<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">LTP<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Prev Close<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Change<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">High<\/th>\n<th style=\"border: 1px solid #000; padding: 7px 9px; background: #000; color: #fff; text-align: left;\">Sub-sector<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/ltf\/landt-finance-ltd-share-price-today\">L&amp;T Finance<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">LTF<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 293.65<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 275.95<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+6.41%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 297.30<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">NBFC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/hdfcamc\/hdfc-asset-management-company-ltd-share-price-today\">HDFC AMC<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">HDFCAMC<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 2,595.10<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 2,455.90<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+5.67%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 2,600.80<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">AMC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/cholahldng\/cholamandalam-financial-holdings-ltd-share-price-today\">Cholamandalam Fin<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">CHOLAFIN<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,653.10<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,568.10<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+5.42%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,663.80<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">NBFC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/muthootfin\/muthoot-finance-ltd-share-price-today\">Muthoot Finance<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">MUTHOOTFIN<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 3,203<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 3,042.20<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+5.28%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 3,206<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Gold NBFC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/shriramfin\/shriram-finance-ltd-share-price-today\">Shriram Finance<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">SHRIRAMFIN<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,001.60<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 954.95<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+4.88%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,008.45<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Diversified NBFC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/paytm\/one97-communications-ltd-share-price-today\">Paytm<\/a> (One97)<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">PAYTM<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,122.50<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,073.90<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+4.52%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,133.70<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Fintech<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/bajajfinsv\/bajaj-finserv-ltd-share-price-today\">Bajaj Finserv<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">BAJAJFINSV<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,756.30<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,689.10<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+3.98%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,761.10<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Diversified FS<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/iciciamc\/icici-prudential-amc-ltd-share-price-today\">ICICI Pru Life<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">ICICIPRULI<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 485.60<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 468.15<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+3.73%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 485.70<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Life Insurance<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/bajfinance\/bajaj-finance-ltd-share-price-today\">Bajaj Finance<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">BAJFINANCE<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 951.70<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 918.30<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+3.64%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 959<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">NBFC<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/hdfclife\/hdfc-life-insurance-company-ltd-share-price-today\">HDFC Life<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">HDFCLIFE<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 573.80<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 555.35<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+3.32%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 575.40<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Life Insurance<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/angelone\/angel-one-ltd-share-price-today\">Angel One<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">ANGELONE<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 350.65<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 339.50<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+3.28%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 356.15<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Broking<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/cdsl\/central-depository-services-(india)-ltd-share-price-today\">CDSL<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">CDSL<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,258.50<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,227.90<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+2.49%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 1,262<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Depository<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\"><a href=\"https:\/\/univest.in\/user\/stocks\/bse\/bse-ltd-share-price-today\">BSE<\/a><\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">BSE<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 4,140<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 4,041.10<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">+2.45%<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Rs 4,192.30<\/td>\n<td style=\"border: 1px solid #000; padding: 7px 9px; background: #fff; color: #000;\">Exchange<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction stock opportunities, <em>investors pay attention.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has shortlisted the <strong style=\"color: #0a0a23;\">Top Stocks to Buy<\/strong> based on current market momentum and growth potential for 2026.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=nifty-finserv-iran-deal-rally\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Each_FinServ_Sub-Sector_Is_Rallying\"><\/span><strong>Why Each FinServ Sub-Sector Is Rallying<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>NBFCs (LTF, CHOLAFIN, SHRIRAMFIN, BAJFINANCE, MUTHOOTFIN):<\/strong> Rate cut expectations reduce cost of funds for NBFCs, expanding net interest margins (NIMs). Lower rates also improve retail loan affordability (auto loans, farm equipment, home loans), driving higher disbursement volumes. LTF at +6.41% is the standout on its high sensitivity to retail rate cycles.<\/p>\n<p><strong>Life Insurance (HDFCLIFE, ICICIPRULI):<\/strong> Life insurance stocks benefit from lower rates because equity-linked insurance policies (ULIPs) gain value as markets rally. Additionally, lower bond yields make annuity products relatively more attractive compared to fixed deposits.<\/p>\n<p><strong>AMCs (HDFCAMC):<\/strong> Asset management companies earn management fees as a percentage of AUM. When equity markets rally, equity AUM rises automatically, increasing fee revenue without additional effort. HDFC AMC at +5.67% reflects this AUM-rally correlation directly.<\/p>\n<p><strong>Exchanges and Depositories (BSE, CDSL):<\/strong> On high-activity trading days driven by news (like the Iran deal), equity market volumes surge. BSE (+2.45%) and CDSL (+2.49%) earn transaction-based revenues that increase directly with trading volumes.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Nifty Financial Services Ex-Bank Stocks Live on Univest<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Nifty Financial Services<\/strong> Ex-Bank at 31,361 (+3.25%) is the second top sector today, driven by rate cut expectations from the Iran deal. LTF (+6.41%), HDFCAMC (+5.67%), CHOLAFIN (+5.42%), and MUTHOOTFIN (+5.28%) lead. Track live on Univest.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Nifty Financial Services stocks live on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Nifty_Financial_Services_Ex-Bank_FINSEREX_up_today\"><\/span><strong>Why is Nifty Financial Services Ex-Bank (FINSEREX) up today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. The Nifty Financial Services Ex-Bank index (FINSEREX) is up 3.25% to 31,361.80 on June 15, 2026 because the US-Iran peace deal is expected to trigger RBI rate cuts. NBFCs (the largest component of FINSEREX) benefit from rate cuts through a lower cost of borrowed funds. When the RBI cuts the repo rate, NBFCs&#8217; cost of bank credit and commercial paper falls, expanding their net interest margin. AMCs like HDFC AMC benefit from the broad market rally raising equity AUM and management fee revenues. Brokers and exchanges (Angel One, BSE, CDSL) benefit from the surge in trading volumes on news-driven rally days. Insurance companies benefit from equity-linked (ULIP) product demand as market sentiment improves.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_LTF_L_T_Finance_the_top_FINSEREX_gainer_today_at_641\"><\/span><strong>Why is LTF (L&amp;T Finance) the top FINSEREX gainer today at +6.41%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. L&amp;T Finance (LTF) is the top gainer in the Nifty Financial Services Ex-Bank index at +6.41% to Rs 293.65 because it is a highly rate-sensitive NBFC with a large retail and rural lending book. L&amp;T Finance has been undergoing a strategic transformation from infrastructure finance to retail loans (farm equipment, two-wheelers, home loans), which are highly interest-rate sensitive from the demand side. When rate cuts are expected, retail loan demand (particularly for two-wheelers, farm equipment, and affordable housing) increases, as EMI affordability improves for LTF&#8217;s target customer base. Additionally, LTF&#8217;s cost of funds is linked to market rates, so a rate cut environment directly expands margins.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_NBFC_stocks_benefit_from_the_Iran_deal_rate_cut_expectations\"><\/span><strong>How do NBFC stocks benefit from the Iran deal rate cut expectations?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. NBFCs like Cholamandalam Finance, Shriram Finance, Bajaj Finance, and Muthoot Finance benefit from rate cut expectations through two channels. First, cost of funds: NBFCs borrow from banks, through commercial paper, and through NCDs. When RBI cuts rates, these borrowing costs fall, expanding net interest margins (NIM). Second, loan demand: lower rates make EMIs cheaper for end borrowers (auto loans, business loans, gold loans), increasing loan application volumes and disbursements. For Muthoot Finance specifically, gold prices rising today (MCX gold above Rs 1.53 lakh) simultaneously increases the collateral value of existing gold loans, reducing credit risk. This dual positive makes gold NBFCs like Muthoot particularly strong on days when both rate cuts and gold prices move positively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Nifty_FinServ_Ex-Bank_index_and_what_does_it_contain\"><\/span><strong>What is the Nifty FinServ Ex-Bank index and what does it contain?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ans. The Nifty Financial Services Ex-Bank index (also called NIFTY FINSEREX) tracks the performance of major Indian financial services companies excluding commercial banks. It includes NBFCs (Bajaj Finance, Cholamandalam, L&amp;T Finance, Shriram Finance), life insurance companies (HDFC Life, ICICI Prudential Life, SBI Life), asset management companies (HDFC AMC, Nippon AMC), diversified financial conglomerates (Bajaj Finserv, Aditya Birla Capital), stock exchanges and depositories (BSE, CDSL), fintech companies (Paytm), and housing finance companies. The index captures the non-banking financial ecosystem, which is highly sensitive to interest rate cycles, market sentiment, and credit demand.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Nifty Financial Services Ex-Bank (FINSEREX) up today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. The Nifty Financial Services Ex-Bank index (FINSEREX) is up 3.25% to 31,361.80 on June 15, 2026 because the US-Iran peace deal is expected to trigger RBI rate cuts. NBFCs (the largest component of FINSEREX) benefit from rate cuts through a lower cost of borrowed funds. When the RBI cuts the repo rate, NBFCs' cost of bank credit and commercial paper falls, expanding their net interest margin. AMCs like HDFC AMC benefit from the broad market rally raising equity AUM and management fee revenues. Brokers and exchanges (Angel One, BSE, CDSL) benefit from the surge in trading volumes on news-driven rally days. Insurance companies benefit from equity-linked (ULIP) product demand as market sentiment improves.\"}},{\"@type\":\"Question\",\"name\":\"Why is LTF (L&T Finance) the top FINSEREX gainer today at +6.41%?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. L&T Finance (LTF) is the top gainer in the Nifty Financial Services Ex-Bank index at +6.41% to Rs 293.65 because it is a highly rate-sensitive NBFC with a large retail and rural lending book. L&T Finance has been undergoing a strategic transformation from infrastructure finance to retail loans (farm equipment, two-wheelers, home loans), which are highly interest-rate sensitive from the demand side. When rate cuts are expected, retail loan demand (particularly for two-wheelers, farm equipment, and affordable housing) increases, as EMI affordability improves for LTF's target customer base. Additionally, LTF's cost of funds is linked to market rates, so a rate cut environment directly expands margins.\"}},{\"@type\":\"Question\",\"name\":\"How do NBFC stocks benefit from the Iran deal rate cut expectations?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. NBFCs like Cholamandalam Finance, Shriram Finance, Bajaj Finance, and Muthoot Finance benefit from rate cut expectations through two channels. First, cost of funds: NBFCs borrow from banks, through commercial paper, and through NCDs. When RBI cuts rates, these borrowing costs fall, expanding net interest margins (NIM). Second, loan demand: lower rates make EMIs cheaper for end borrowers (auto loans, business loans, gold loans), increasing loan application volumes and disbursements. For Muthoot Finance specifically, gold prices rising today (MCX gold above Rs 1.53 lakh) simultaneously increases the collateral value of existing gold loans, reducing credit risk. This dual positive makes gold NBFCs like Muthoot particularly strong on days when both rate cuts and gold prices move positively.\"}},{\"@type\":\"Question\",\"name\":\"What is the Nifty FinServ Ex-Bank index and what does it contain?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ans. The Nifty Financial Services Ex-Bank index (also called NIFTY FINSEREX) tracks the performance of major Indian financial services companies excluding commercial banks. It includes NBFCs (Bajaj Finance, Cholamandalam, L&T Finance, Shriram Finance), life insurance companies (HDFC Life, ICICI Prudential Life, SBI Life), asset management companies (HDFC AMC, Nippon AMC), diversified financial conglomerates (Bajaj Finserv, Aditya Birla Capital), stock exchanges and depositories (BSE, CDSL), fintech companies (Paytm), and housing finance companies. The index captures the non-banking financial ecosystem, which is highly sensitive to interest rate cycles, market sentiment, and credit demand.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nifty Financial Services Ex-Bank +3.25% to 31,361. LTF +6.41%, HDFCAMC +5.67%, CHOLAFIN +5.42%, MUTHOOTFIN +5.28%. Iran deal rate cut rally.<\/p>\n","protected":false},"author":34,"featured_media":117579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4631],"class_list":["post-117557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nifty-financial-services-ex-bank-rises"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1781503795:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["73"],"rank_math_title":["Nifty Financial Services Ex-Bank +3.25% on Iran Deal, Rate Cuts"],"rank_math_description":["Nifty Financial Services Ex-Bank (FINSEREX) at 31,361 (+3.25%) on June 15. LTF +6.41%, HDFCAMC +5.67%, CHOLAFIN +5.42%, MUTHOOTFIN +5.28%. 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