{"id":160247,"date":"2026-07-20T16:21:00","date_gmt":"2026-07-20T10:51:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=160247"},"modified":"2026-07-20T16:22:37","modified_gmt":"2026-07-20T10:52:37","slug":"nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/","title":{"rendered":"Nifty Financial Services Ex Bank Prediction for Tomorrow, 21 July 2026: NBFCs Likely Spared the Worst of the Banking Selloff"},"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 Financial Services Ex Bank prediction for tomorrow 21 July 2026: NBFCs likely spared the worst of Monday&#8217;s selloff, concentrated in HDFC Bank and Axis Bank&#8217;s own Q1 results.<\/em><\/p>\n<p><strong>Nifty financial services ex bank prediction for tomorrow<\/strong>: The Nifty Financial Services Ex Bank index, which strips out banking stocks to isolate NBFCs, insurers and other non-bank financial names, likely avoided the worst of Monday&#8217;s sharp selloff, since the weakness that dragged down the broader financial services complex was specifically concentrated in HDFC Bank and Axis Bank&#8217;s own disappointing Q1 results. This nifty financial services ex bank prediction for tomorrow is built on Friday, 10 July 2026&#8217;s closing data, the last completed session before markets reopen on Monday, 13 July 2026.<\/p>\n<p>Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Nifty Financial Services Ex Bank prediction for tomorrow benefits directly from this distinction, since a company-specific banking earnings miss has far less direct read-through to NBFC and insurance valuations than a genuine sector-wide risk-off event would.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=nifty-financial-services-ex-bank-prediction-21-july\"><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-prediction-for-tomorrow-21-july-2026\/#Market_Recap_Behind_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\" title=\"Market Recap Behind the Nifty financial services ex bank prediction for tomorrow\">Market Recap Behind the Nifty financial services ex bank prediction for tomorrow<\/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-prediction-for-tomorrow-21-july-2026\/#Nifty_financial_services_ex_bank_prediction_for_tomorrow_Trend_and_Key_Levels\" title=\"Nifty financial services ex bank prediction for tomorrow: Trend and Key Levels\">Nifty financial services ex bank prediction for tomorrow: Trend and Key Levels<\/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-prediction-for-tomorrow-21-july-2026\/#Global_Cues_for_Nifty_Financial_Services_Ex_Bank_Tomorrow\" title=\"Global Cues for Nifty Financial Services Ex Bank Tomorrow\">Global Cues for Nifty Financial Services Ex Bank Tomorrow<\/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-prediction-for-tomorrow-21-july-2026\/#Key_Triggers_in_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\" title=\"Key Triggers in the Nifty financial services ex bank prediction for tomorrow\">Key Triggers in the Nifty financial services ex bank prediction for tomorrow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#Related_Financial_Indices_to_Watch\" title=\"Related Financial Indices to Watch\">Related Financial Indices to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#Risks_to_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\" title=\"Risks to the Nifty financial services ex bank prediction for tomorrow\">Risks to the Nifty financial services ex bank prediction for tomorrow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#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-8\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#FAQs_on_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\" title=\"FAQs on the Nifty financial services ex bank prediction for tomorrow\">FAQs on the Nifty financial services ex bank prediction for tomorrow<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#What_is_the_Nifty_Financial_Services_Ex_Bank_prediction_for_tomorrow_21_July_2026\" title=\"What is the Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026?\">What is the Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#Which_analyst_gave_the_Nifty_Financial_Services_Ex_Bank_prediction_for_tomorrow\" title=\"Which analyst gave the Nifty Financial Services Ex Bank prediction for tomorrow?\">Which analyst gave the Nifty Financial Services Ex Bank prediction for tomorrow?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#Why_would_NBFCs_be_spared_from_Mondays_banking_selloff\" title=\"Why would NBFCs be spared from Monday&#8217;s banking selloff?\">Why would NBFCs be spared from Monday&#8217;s banking selloff?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/nifty-financial-services-ex-bank-prediction-for-tomorrow-21-july-2026\/#Whats_the_clearest_signal_for_this_segment_heading_into_Tuesday\" title=\"What&#8217;s the clearest signal for this segment heading into Tuesday?\">What&#8217;s the clearest signal for this segment heading into Tuesday?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Recap_Behind_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\"><\/span><strong>Market Recap Behind the Nifty financial services ex bank prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Monday&#8217;s session saw India VIX actually ease 1.29 percent to 12.98 even as Bank Nifty fell sharply, a genuinely important signal that the market wasn&#8217;t pricing in broad-based risk aversion, just a specific reaction to HDFC Bank and Axis Bank&#8217;s Q1 results. This distinction matters significantly for the more sentiment-sensitive NBFC and insurance segment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nifty_financial_services_ex_bank_prediction_for_tomorrow_Trend_and_Key_Levels\"><\/span><strong>Nifty financial services ex bank prediction for tomorrow: Trend and Key Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Trend: Likely More Resilient Than the Headline Banking Weakness Suggests<\/strong><\/p>\n<p>Ankit Jaiswal notes that without a standalone live index feed for this ex-bank basket on Univest, India VIX&#8217;s own decline to 12.98 despite Monday&#8217;s sharp banking-specific selloff is itself a reassuring signal for this segment heading into Tuesday.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Cues_for_Nifty_Financial_Services_Ex_Bank_Tomorrow\"><\/span><strong>Global Cues for Nifty Financial Services Ex Bank Tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brent crude topped 90 dollars a barrel for the first time this cycle on Monday, the ninth straight day of US airstrikes on Iran, before easing off those highs after Iran signalled it had received a mediation proposal. Domestically, Q1 FY27 earnings dominated the session: HDFC Bank and Axis Bank both fell around 5 percent on sequential margin compression, while ICICI Bank and Reliance Industries beat estimates. PSU banks surged on strong results, and the rupee weakened to around 96.40 per dollar. NBFCs and insurers are more sensitive to broad risk sentiment and bond yields than to a specific bank&#8217;s earnings miss, and Monday&#8217;s easing India VIX despite the sharp banking selloff suggests this segment likely avoided the worst of it.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Triggers_in_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\"><\/span><strong>Key Triggers in the Nifty financial services ex bank prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These triggers dominate the outlook heading into Monday, 13 July 2026:<\/p>\n<ul>\n<li><strong>India VIX trend:<\/strong> Easing to 12.98 on Monday even amid the banking selloff is a reassuring signal for this segment specifically.<\/li>\n<li><strong>Insurance sector-specific news:<\/strong> Worth tracking independently of the banking earnings story dominating headlines.<\/li>\n<li><a href=\"https:\/\/univest.in\/stocks\/hdfcbank\/hdfc-bank-ltd-share-price-today\">HDFC Bank<\/a> fell 5.12 percent to Rs 777.60 on Monday after its Q1 FY27 results showed sequential margin compression, the worst move among Nifty 50 heavyweights alongside Axis Bank&#8217;s similar decline.<\/li>\n<\/ul>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/sebi-registered-investment-advisor-india\"><strong>Talk to a SEBI Registered Investment Advisor Before Your Next Trade<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Related_Financial_Indices_to_Watch\"><\/span><strong>Related Financial Indices to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This ex-bank basket is best read alongside the broader financial services complex and India VIX.<\/p>\n<p><strong>Nifty Financial Services:<\/strong> <a href=\"https:\/\/univest.in\/indices\/nifty-fin-service\/nifty-fin-service-share-price-today\">Nifty Financial Services<\/a> fell sharply Monday on the HDFC Bank and Axis Bank earnings miss.<\/p>\n<p><strong>India VIX:<\/strong> Eased to 12.98 on Monday, a reassuring signal that Monday&#8217;s weakness stayed contained to specific banking names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\"><\/span><strong>Risks to the Nifty financial services ex bank prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These factors can invalidate this outlook:<\/p>\n<ul>\n<li><strong>Rising bond yields:<\/strong> Sustained crude-driven inflation concerns would eventually pressure rate-sensitive NBFC and insurance valuations.<\/li>\n<li><strong>Broader risk-off spreading:<\/strong> If Monday&#8217;s banking weakness broadens into genuine market-wide risk aversion, this segment would no longer be insulated.<\/li>\n<li><strong>Crude oil retesting its highs:<\/strong> Would add fresh inflation-linked pressure relevant to this segment&#8217;s rate sensitivity.<\/li>\n<\/ul>\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 get daily sector research and SEBI registered analyst views on Univest.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026, is likely more resilient than the headline banking weakness suggests, since Monday&#8217;s selloff was concentrated specifically in HDFC Bank and Axis Bank&#8217;s Q1 results rather than reflecting broad risk aversion. Ankit Jaiswal flags India VIX&#8217;s own decline as the clearest reassuring signal for the Nifty Financial Services Ex Bank prediction for tomorrow heading into Tuesday.<\/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=\"FAQs_on_the_Nifty_financial_services_ex_bank_prediction_for_tomorrow\"><\/span><strong>FAQs on the Nifty financial services ex bank prediction for tomorrow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Nifty_Financial_Services_Ex_Bank_prediction_for_tomorrow_21_July_2026\"><\/span><strong>What is the Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026, is likely more resilient than the headline banking weakness suggests, since Monday&#8217;s selloff was concentrated in HDFC Bank and Axis Bank&#8217;s own Q1 results specifically.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_analyst_gave_the_Nifty_Financial_Services_Ex_Bank_prediction_for_tomorrow\"><\/span><strong>Which analyst gave the Nifty Financial Services Ex Bank prediction for tomorrow?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Ankit Jaiswal, Senior Research Analyst at Univest, has shared the Nifty Financial Services Ex Bank prediction for tomorrow.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_would_NBFCs_be_spared_from_Mondays_banking_selloff\"><\/span><strong>Why would NBFCs be spared from Monday&#8217;s banking selloff?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Nifty Financial Services Ex Bank prediction for tomorrow notes that Monday&#8217;s weakness stemmed from company-specific Q1 earnings misses at HDFC Bank and Axis Bank rather than a broad risk-off event, evidenced by India VIX actually easing 1.29 percent the same session.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Whats_the_clearest_signal_for_this_segment_heading_into_Tuesday\"><\/span><strong>What&#8217;s the clearest signal for this segment heading into Tuesday?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> India VIX&#8217;s own decline to 12.98 on Monday, despite the sharp banking-specific selloff, is the clearest signal the Nifty Financial Services Ex Bank prediction for tomorrow points to, suggesting broader risk sentiment stayed intact.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026, is likely more resilient than the headline banking weakness suggests, since Monday's selloff was concentrated in HDFC Bank and Axis Bank's own Q1 results specifically.\"}},{\"@type\":\"Question\",\"name\":\"Which analyst gave the Nifty Financial Services Ex Bank prediction for tomorrow?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ankit Jaiswal, Senior Research Analyst at Univest, has shared the Nifty Financial Services Ex Bank prediction for tomorrow.\"}},{\"@type\":\"Question\",\"name\":\"Why would NBFCs be spared from Monday's banking selloff?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Nifty Financial Services Ex Bank prediction for tomorrow notes that Monday's weakness stemmed from company-specific Q1 earnings misses at HDFC Bank and Axis Bank rather than a broad risk-off event, evidenced by India VIX actually easing 1.29 percent the same session.\"}},{\"@type\":\"Question\",\"name\":\"What's the clearest signal for this segment heading into Tuesday?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"India VIX's own decline to 12.98 on Monday, despite the sharp banking-specific selloff, is the clearest signal the Nifty Financial Services Ex Bank prediction for tomorrow points to, suggesting broader risk sentiment stayed intact.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nifty Financial Services Ex Bank prediction for tomorrow, 21 July 2026: NBFCs and insurers likely spared the worst of Monday&#8217;s bank-earnings-driven selloff. 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