Nifty Financial Services Today: Index Ends 0.12% Lower

Updated: 7 Oct 2026 • 4:16 pm

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Nifty Financial Services Today: Index Ends 0.12% Lower

Quick sector takeaways

Nifty Financial Services ended at 24,916.40 on 7 October 2026, down 29.65 points or 0.12% from the previous close of 24,946.05.
Despite the marginal decline, it was the strongest-performing index among India’s NSE sector indices tracked in this comparison during the session.
Six financial-services stocks advanced while 13 declined. LIC Housing Finance, Kotak Mahindra Bank and ICICI Bank led the gainers, while Cholamandalam Investment and Finance, SBI Cards and Shriram Finance declined.
For the next session, investors can track whether the index holds near 24,916.40 and whether participation broadens beyond the six advancing stocks.

Nifty Financial Services today

Nifty Financial Services today closed at 24,916.40, recording a modest 0.12% decline in an otherwise weak session for the sector-index basket. The index opened at 24,882.20, moved up to 25,015.50 during the day and slipped to an intraday low of 24,755.55 before ending below its previous close.

The closing level was 29.65 points below 24,946.05, its previous close. While the index finished in the red, its limited percentage fall set it apart from the other indices in the comparison. The session also showed a mixed pattern within financial stocks, with select banks, housing finance and lending names advancing even as declines were more widespread.

The index closed above its opening level of 24,882.20, indicating that it recovered from the lower part of its intraday range before the closing bell. However, it remained below the previous close and the day’s high, keeping the end-of-session picture measured rather than decisively positive.

Price snapshot

Metric	Level	Session reading
Closing level	24,916.40	Down 29.65 points.
Previous close	24,946.05	Reference level for the 0.12% decline.
Day high	25,015.50	The index briefly moved above 25,000.
Day low	24,755.55	The lowest point recorded during the session.
Day open	24,882.20	The index closed 34.20 points above the open.

The 259.95-point span between the day’s high and low reflected active movement through the session. The close of 24,916.40 was closer to the day’s high than the low, although it did not fully erase the decline from the previous close.

Sector ranking

Nifty Financial Services ranked as the top gaining sector index in relative terms on 7 October 2026 because its 0.12% decline was the smallest move among all the indices compared. Every index in this session’s ranking ended lower, making financial services the strongest relative performer rather than an index that closed with an absolute gain.

Nifty Financial Services: -0.12%.
Nifty Bank: -0.13%.
Nifty Pharma: -0.43%.
Nifty Mid Select: -0.50%.
Nifty FMCG: -0.89%.
Nifty IT: -1.34%.
Nifty Auto: -1.58%.
Nifty Metal: -2.33%.

This ordering puts Nifty Financial Services marginally ahead of Nifty Bank and clearly ahead of the broader declines seen in IT, auto and metal. The narrow difference between the financial-services and banking indices highlights the relatively restrained movement in both segments during the session.

Constituent breadth

Breadth within the index leaned negative: six stocks advanced and 13 declined, with no unchanged stocks. The advance-decline ratio was 0.46, meaning decliners outnumbered advancers by more than two to one.

This breadth reading is important because the index’s relatively resilient 0.12% move occurred alongside a larger number of declining stocks. Gains in selected names, including LIC Housing Finance, Kotak Mahindra Bank, ICICI Bank, Power Finance Corporation and HDFC Life Insurance, coexisted with broad softness across several other financial stocks.

Heavyweights versus broader participation

The heavyweight group was mixed to negative. Muthoot Finance fell 1.18% to ₹2,654.40, SBI Life Insurance declined 1.37% to ₹1,726.10, State Bank of India slipped 0.50% to ₹954.00 and Bajaj Finserv eased 0.52% to ₹1,743.30. LIC Housing Finance was the exception in this group, rising 2.67% to ₹515.40.

The same names featured prominently in the session’s active financial-stock set. Their mixed performance underlines the split nature of the day: strength in LIC Housing Finance contrasted with declines across several large financial names, while the overall index held comparatively steady.

Key Nifty Financial Services stocks

Stock	Move	Why it matters
LIC Housing Finance	+2.67% to ₹515.40	It was the leading percentage gainer in the index.
Kotak Mahindra Bank	+1.88% to ₹440.00	It was among the strongest banking gainers.
ICICI Bank	+1.09% to ₹1,357.50	Its gain added positive representation from a major bank.
Cholamandalam Investment and Finance	-2.87% to ₹1,564.70	It was the steepest percentage decliner.
SBI Cards	-2.11% to ₹557.40	It was the second-largest percentage faller.

Biggest positive movers

LIC Housing Finance led advances with a 2.67% rise, closing near its day high of ₹517.15 after touching a low of ₹497.20. Kotak Mahindra Bank gained 1.88% to ₹440.00, ending close to its session high of ₹441.50. ICICI Bank added 1.09% to ₹1,357.50 and closed near its high of ₹1,360.00.

Power Finance Corporation advanced 0.91% to ₹325.55, while HDFC Life Insurance rose 0.39% to ₹546.05. Bajaj Finance was marginally positive, up 0.08% at ₹963.85. These gains provided selective support even as breadth remained tilted towards decliners.

Biggest negative movers

Cholamandalam Investment and Finance fell 2.87% to ₹1,564.70, closing at its day low. SBI Cards declined 2.11% to ₹557.40, while Shriram Finance lost 1.77% to ₹948.00 after trading between ₹930.00 and ₹960.00.

HDFC Asset Management fell 1.60% to ₹2,314.80 and SBI Life Insurance declined 1.37% to ₹1,726.10. HDFC Bank, Muthoot Finance, Bajaj Finserv and Axis Bank also ended lower, contributing to the negative breadth reading.

Stocks to watch next session

LIC Housing Finance after its 2.67% advance and ₹515.40 close.
Kotak Mahindra Bank after ending at ₹440.00, close to its ₹441.50 day high.
ICICI Bank after its 1.09% gain to ₹1,357.50.
Cholamandalam Investment and Finance after closing at its ₹1,564.70 day low.
SBI Cards after its 2.11% decline to ₹557.40.
HDFC Bank after its 1.22% fall to ₹702.75.

The constructive case

The constructive evidence is relative resilience. Nifty Financial Services recorded the smallest percentage fall among all eight indices compared, closed above its opening level and saw six stocks finish higher. LIC Housing Finance, Kotak Mahindra Bank and ICICI Bank posted notable advances, demonstrating that buying interest remained present in selected financial names.

The index also traded above 25,000 during the day, reaching 25,015.50. Its ability to finish above the open after touching 24,755.55 shows that the session included a recovery from the intraday low.

The cautious case

The cautious case rests on the negative close and weak breadth. Thirteen of the sector’s stocks declined, against six advances, while the index finished below both the previous close and its day high. Several prominent names, including HDFC Bank, SBI Life Insurance, Muthoot Finance and Bajaj Finserv, ended lower.

The broad imbalance between advancers and decliners means that the modest index decline should be read alongside the uneven participation beneath it. A durable improvement in the sector picture would require closer alignment between index performance and stock-level breadth.

Univest Insights

Nifty Financial Services today offered relative stability rather than broad-based strength. Its 0.12% decline compared favourably with every other index in the ranking, but the underlying stock moves were divided. That distinction is central to reading the closing session accurately.

Financial-services investors can note the contrast between leading gainers and leading losers. LIC Housing Finance, Kotak Mahindra Bank and ICICI Bank ended higher, while Cholamandalam Investment and Finance, SBI Cards and Shriram Finance recorded sharper declines. The index’s small fall therefore reflects an offsetting pattern rather than uniform performance.

The next session may clarify whether the close above the opening level develops into firmer participation or whether the negative breadth persists. Readers can follow broader market developments through Univest Market View alongside the financial-services screener.

In the next session, watch whether Nifty Financial Services sustains 24,916.40 and whether the advance-decline count improves from six advancers against 13 decliners.

Published on 7 October 2026 at 4:15 PM IST

Frequently asked questions

How did Nifty Financial Services perform today?

Nifty Financial Services closed at 24,916.40, down 29.65 points or 0.12% from 24,946.05.

Why was Nifty Financial Services the top gaining sector index?

It had the smallest percentage decline among the eight indices compared, making it the strongest relative performer for the session.

What were the day high and low for Nifty Financial Services?

The index recorded a day high of 25,015.50 and a day low of 24,755.55.

Which stocks gained the most in Nifty Financial Services?

LIC Housing Finance gained 2.67%, Kotak Mahindra Bank rose 1.88%, and ICICI Bank advanced 1.09%.

Which stocks fell the most in Nifty Financial Services?

Cholamandalam Investment and Finance fell 2.87%, SBI Cards declined 2.11%, and Shriram Finance dropped 1.77%.

What was the breadth of Nifty Financial Services today?

Six stocks advanced, 13 declined and no stocks were unchanged.

Disclaimer

Investments in securities markets are subject to market risks. Read all related documents carefully before investing. This sector-index update is for informational and educational purposes only and is not personalized investment advice or a recommendation to buy, sell, or hold any security.