Nifty Financial Services

Nifty Financial Services logo

The Nifty Financial Services Index is designed to reflect the behaviour and performance of the Indian financial market which includes banks, financial institutions, housing finance, insurance companies and other financial services companies. The Nifty Finance Index comprises of 20 stocks that are listed on the National Stock Exchange (NSE).

Nifty Financial Services Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.

Nifty Financial Services Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

          

Technical Analysis of Nifty Financial Services

Moving Averages

PeriodSimpleExponential
MA 520,118.4019,997.83
MA 1020,213.4220,067.58
MA 2019,983.5420,028.85
MA 3019,870.7119,996.87
MA 5020,024.3519,934.38
MA 10019,791.8219,698.40
MA 20019,158.3619,229.32

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)71.43Aroon Down (14)0.00
MACD Level (12, 26)55.84MACD Signal (12, 26)78.24
Relative Strength Index (7)30.18Relative Strength Index (14)41.07
Stochastic %D (14 3 3)54.22Stochastic %K (14 3 3)29.72
Stochastic RSI Fast (3, 3, 14, 14)12.17Stochastic RSI Slow (3, 3, 14, 14)40.66
Bollinger Upper Band (20)20,578.78Bollinger Lower Band (20)19,388.29
Keltner Channels Upper Band (20)20,457.27Keltner Channels Lower Band (20)19,600.43
Donchian Channels Upper Band (20)20,573.25Donchian Channels Lower Band (20)19,541.90
Ichimoku Conversion Line (9, 26, 52, 26)20,139.93Ichimoku Base Line (9, 26, 52, 26)20,005.05
Ichimoku Leading Span A (9, 26, 52, 26)19,908.97Ichimoku Leading Span B (9, 26, 52, 26)19,940.05
Positive Directional Indicator (14)22.45Negative Directional Indicator (14)32.85
Volume Weighted Average PriceVolume Weighted Moving Average 20

Oscillator Rating

Oscillators

Awesome Oscillator282.40
Ultimate Oscillator (7,14,28)39.16
Money Flow (14)
Chaikin Money Flow (20)
Commodity Channel Index (20)-47.87
Bull Bear Power-482.06

High / Low

1 Month20,573.2519,541.90
3 Month20,666.6019,424.20
6 Month20,666.6017,555.50
52 Week20,666.6016,983.75
All Time20,666.603,291.05

Volume

Volume
Average 10 D
Average 30 D
Average 60 D
Average 90 D

Change/Volatility

Change-82.00 (-0.41%)
Change 1W-798.40 (-3.89%)
Change 1M135.30 (0.69%)
Volatility1.14
Volatility W0.97

Performance

Yesterday3.95
Weekly-3.53
Monthly0.76
3 Month0.97
6 Month11.56
Yearly6.64
5 Year88.36
All Time392.02

Misc.

Average Day Range (14)186.87
Average Directional Index (14)21.87
Average True Range (14)208.69
Williams Percent Range (14)-91.41
Rate Of Change (9)-2.01
Hull Moving Average (9)19,869.82
Momentum (10)-227.75
Parabolic SAR20,557.77

PIVOT POINTS of Nifty Financial Services

NameS3S2S1Pivot PointsR1R2R3
Classic17,885.3518,843.3519,220.5019,801.3520,178.5020,759.3521,717.35
Fibonacci18,843.3519,209.3119,435.3919,801.3520,167.3120,393.3920,759.35
Camarilla19,334.2019,422.0219,509.8319,801.3519,685.4719,773.2819,861.10
Woodie's18,161.0518,792.6319,119.0519,750.6320,077.0520,708.6321,035.05
DeMark's - - 19,031.9219,707.0619,989.92 - -

Nifty Financial Services Constituents

Price1,018.25 3.80 (0.37%)52 Week High1,047.50
ISININE238A0103452 Week Low707.70
IndustryRegional BanksVolume7.1 M
SectorFinanceP/E Ratio TTM25.27
Market Cap3.1 T1 Year Beta0.90
Technical Rating of
Axis Bank Limited (AXISBANK) is a private sector bank in India. It is the third largest private sector bank in India by assets and market capitalization. The bank was founded in 1994 and is headquartered in Mumbai, Maharashtra. Axis Bank offers a wide range of banking products and services, including savings accounts, current accounts, loans, more about Axis Bank Limited (AXISBANK)

Price7,471.35 -12.85 (-0.17%)52 Week High7,999.90
ISININE296A0102452 Week Low5,485.70
IndustryFinance/Rental/LeasingVolume526.3 T
SectorFinanceP/E Ratio TTM36.74
Market Cap4.5 T1 Year Beta1.11
Technical Rating of
Bajaj Finance Limited (BAJFINANCE) is an Indian non-banking financial company (NBFC) headquartered in Pune, India. The company was founded in 1985 by Rahul Bajaj. Bajaj Finance is one of the leading NBFCs in India. The company offers a wide range of financial products and services, including consumer loans, commercial loans, and insurance products. Bajaj Finance more about Bajaj Finance Limited (BAJFINANCE)

Price1,543.70 17.50 (1.15%)52 Week High1,817.90
ISININE918I0102652 Week Low1,215.00
IndustryLife/Health InsuranceVolume1.3 M
SectorFinanceP/E Ratio TTM34.93
Market Cap2.4 T1 Year Beta1.32
Technical Rating of
Bajaj Finserv Limited (BAJAJFINSV) is an Indian financial services company headquartered in Pune, India. It was incorporated in 1988 as a wholly owned subsidiary of Bajaj Auto Limited. The company’s initial focus was on the provision of consumer loans. It has since expanded its operations to include a wide range of financial products and services, more about Bajaj Finserv Limited (BAJAJFINSV)

Price1,188.20 0.00 (0.00%)52 Week High1,240.00
ISININE121A0102452 Week Low658.00
IndustryFinance/Rental/LeasingVolume2.2 M
SectorFinanceP/E Ratio TTM34.77
Market Cap977.1 B1 Year Beta1.41
Technical Rating of
Cholamandalam Investment and Finance Company Limited (CHOLAFIN) is a non-banking financial company (NBFC) based in Chennai, India. It was incorporated in 1978, and is a part of the Murugappa Group. CHOLAFIN offers a wide range of financial products and services, including loans, investments, and insurance. CHOLAFIN’s main products and services include: Personal loans Home loans more about Cholamandalam Investment and Finance Company Limited (CHOLAFIN)

Price2,656.90 -19.45 (-0.73%)52 Week High2,755.00
ISININE127D0102552 Week Low1,589.50
IndustryInvestment ManagersVolume586.9 T
SectorFinanceP/E Ratio TTM35.74
Market Cap571.2 B1 Year Beta1.55
Technical Rating of
HDFC Asset Management Company Limited (HDFCAMC) is a well-established asset management company in India. It was founded in 1995 and is a subsidiary of HDFC Bank. HDFCAMC is the largest asset management company in India in terms of assets under management. HDFCAMC offers a wide range of investment products, including: Mutual funds: HDFCAMC offers a more about HDFC Asset Management Company Limited (HDFCAMC)

Price1,529.65 -23.70 (-1.53%)52 Week High1,757.50
ISININE040A0103452 Week Low1,365.00
IndustryRegional BanksVolume30.9 M
SectorFinanceP/E Ratio TTM17.56
Market Cap11.8 T1 Year Beta1.04
Technical Rating of
HDFC Bank Limited (HDFCBANK) is a well-established bank in India. It was founded in 1994 and is the largest private sector bank in India in terms of assets under management. HDFCBANK offers a wide range of banking products and services, including: Savings accounts: HDFCBANK offers savings accounts with a variety of features, including interest rates, more about HDFC Bank Limited (HDFCBANK)

Price649.45 5.20 (0.81%)52 Week High690.85
ISININE795G0101452 Week Low457.80
IndustryMulti-Line InsuranceVolume1.9 M
SectorFinanceP/E Ratio TTM97.77
Market Cap1.4 T1 Year Beta0.38
Technical Rating of
HDFC Life Insurance Company Limited (HDFCLIFE) is a well-established life insurance company in India. It was founded in 1995 and is a subsidiary of HDFC Bank. HDFCLIFE is the largest life insurance company in India in terms of premiums. HDFCLIFE offers a wide range of life insurance products, including: Term life insurance: Term life insurance more about HDFC Life Insurance Company Limited (HDFCLIFE)

Price950.30 -9.00 (-0.94%)52 Week High1,008.70
ISININE090A0102152 Week Low796.00
IndustryRegional BanksVolume12.7 M
SectorFinanceP/E Ratio TTM18.15
Market Cap6.7 T1 Year Beta1.19
Technical Rating of
ICICI Bank Limited (ICICIBANK) is an Indian multinational banking and financial services company headquartered in Mumbai, India. It is the second-largest bank in India by market capitalization and the largest private sector bank in India. ICICIBANK was founded in 1994 as a wholly owned subsidiary of the Industrial Credit and Investment Corporation of India (ICICI). more about ICICI Bank Limited (ICICIBANK)

Price1,343.70 -11.90 (-0.88%)52 Week High1,423.30
ISININE765G0101752 Week Low1,049.05
IndustrySpecialty InsuranceVolume577.8 T
SectorFinanceP/E Ratio TTM37.33
Market Cap667 B1 Year Beta0.74
Technical Rating of
ICICI Lombard General Insurance Company Limited (ICICIGI) is an Indian general insurance company headquartered in Mumbai, India. It is a subsidiary of ICICI Bank Limited (ICICIBANK). ICICIGI was founded in 1993 and is one of the largest general insurance companies in India. The company offers a wide range of general insurance products, including: Motor insurance: more about ICICI Lombard General Insurance Company Limited (ICICIGI)

Price578.20 13.15 (2.33%)52 Week High615.60
ISININE726G0101952 Week Low380.70
IndustryLife/Health InsuranceVolume1.3 M
SectorFinanceP/E Ratio TTM96.44
Market Cap813.3 B1 Year Beta0.28
Technical Rating of
ICICI Prudential Life Insurance Company Limited (ICICIPRULI) is an Indian life insurance company headquartered in Mumbai, India. It is a joint venture between ICICI Bank Limited (ICICIBANK) and Prudential plc. ICICIPRULI was founded in 2000 and is one of the largest life insurance companies in India. The company offers a wide range of life insurance more about ICICI Prudential Life Insurance Company Limited (ICICIPRULI)

Price130.75 -0.85 (-0.65%)52 Week High163.75
ISININE022Q0102052 Week Low116.00
IndustryInvestment Banks/BrokersVolume4.1 M
SectorFinanceP/E Ratio TTM37.39
Market Cap117.3 B1 Year Beta0.78
Technical Rating of
Indian Energy Exchange Limited (IEX) is an Indian power exchange that facilitates trading of electricity. It is headquartered in Gurgaon, India. IEX was founded in 2008 by a group of power sector professionals. The company started with a focus on facilitating trading of electricity in the day-ahead market. In recent years, IEX has expanded its more about Indian Energy Exchange Limited (IEX)

Price1,756.45 0.75 (0.04%)52 Week High2,064.40
ISININE237A0102852 Week Low1,643.50
IndustryMajor BanksVolume3.7 M
SectorFinanceP/E Ratio TTM21.38
Market Cap3.5 T1 Year Beta1.05
Technical Rating of
Kotak Mahindra Bank Limited (KOTAKBANK) is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. It was founded in 1985 by Uday Kotak and is one of the largest private sector banks in India. Kotak Mahindra Bank has a presence in over 3,000 cities and towns in India and has over 200 more about Kotak Mahindra Bank Limited (KOTAKBANK)

Price460.45 4.85 (1.06%)52 Week High470.80
ISININE115A0102652 Week Low315.10
IndustryFinance/Rental/LeasingVolume2.5 M
SectorFinanceP/E Ratio TTM7.72
Market Cap250.7 B1 Year Beta0.87
Technical Rating of
LIC Housing Finance Limited (LICHSGFIN) is an Indian housing finance company headquartered in Mumbai, Maharashtra. It was founded in 2000 by Life Insurance Corporation of India (LIC). LICHSGFIN is one of the leading housing finance companies in India. LICHSGFIN offers a range of housing finance products, including: Home loans: LICHSGFIN offers home loans to individuals more about LIC Housing Finance Limited (LICHSGFIN)

Price1,270.20 -8.30 (-0.65%)52 Week High1,379.95
ISININE414G0101252 Week Low911.25
IndustryFinance/Rental/LeasingVolume105,170
SectorFinanceP/E Ratio TTM13.37
Market Cap513 B1 Year Beta0.87
Technical Rating of
Muthoot Finance Limited (MUTHOOTFIN) is a non-banking financial company (NBFC) based in India. The company was founded in 1990 and is headquartered in Kochi, Kerala. Muthoot Finance Limited is one of the leading NBFCs in India. The company has a strong focus on the Indian market. The company has a deep understanding of the Indian more about Muthoot Finance Limited (MUTHOOTFIN)

Price238.40 8.70 (3.79%)52 Week High251.12
ISININE134E0101152 Week Low80.68
IndustryFinance/Rental/LeasingVolume19.9 M
SectorFinanceP/E Ratio TTM4.61
Market Cap757.9 B1 Year Beta1.46
Technical Rating of
Power Finance Corporation Limited (PFC), a leading non-banking financial company (NBFC) in India, has reported a profit for the quarter ended March 2023. The company’s net profit was ₹100 crore, compared to a profit of ₹80 crore in the same quarter last year. PFC’s profit was driven by a number of factors, including: The growth more about Power Finance Corporation Limited (PFC)

Price270.90 11.80 (4.55%)52 Week High284.70
ISININE020B0101852 Week Low91.05
IndustryFinance/Rental/LeasingVolume28.9 M
SectorFinanceP/E Ratio TTM6.11
Market Cap682.4 B1 Year Beta0.86
Technical Rating of
REC Limited (RECLTD) is a government-owned non-banking financial company headquartered in Mumbai, India. It was founded in 1969 and is one of the largest non-banking financial companies in India. RECLTD provides a wide range of financial products and services to the power sector, including loans, guarantees, and advisory services. The company has a network of more about REC Limited (RECLTD)

Price798.40 -1.60 (-0.20%)52 Week High933.00
ISININE018E0101652 Week Low695.55
IndustryFinance/Rental/LeasingVolume2.1 M
SectorFinanceP/E Ratio TTM34.11
Market Cap757.3 B1 Year Beta1.04
Technical Rating of
SBI Cards and Payment Services Limited (SBICARD) is an Indian multinational credit card issuer and payment services provider headquartered in Mumbai, Maharashtra, India. It is a wholly owned subsidiary of State Bank of India. SBICARD was founded in 2001. The company started out as a credit card issuer. Over the years, SBICARD has expanded its more about SBI Cards and Payment Services Limited (SBICARD)

Price1,318.85 -15.35 (-1.15%)52 Week High1,393.00
ISININE123W0101652 Week Low1,054.00
IndustryLife/Health InsuranceVolume1.1 M
SectorFinanceP/E Ratio TTM71.79
Market Cap1.3 T1 Year Beta0.63
Technical Rating of
SBI Life Insurance Company Limited, commonly known as SBI Life, is an Indian multinational life insurance company headquartered in Mumbai, Maharashtra, India. It is a joint venture between State Bank of India and BNP Paribas Cardif. SBI Life was founded in 2000. The company started out as a life insurance company. Over the years, SBI more about SBI Life Insurance Company Limited (SBILIFE)

Price1,890.95 -9.35 (-0.49%)52 Week High1,971.80
ISININE721A0101352 Week Low1,146.00
IndustryFinance/Rental/LeasingVolume561 T
SectorFinanceP/E Ratio TTM11.34
Market Cap713.3 B1 Year Beta0.65
Technical Rating of
Shriram Finance Limited (SHRIRAMFIN), a leading non-banking financial company (NBFC) in India, reports strong financial results for the fiscal year 2023. The company’s annual revenue increased by 20% to ₹100 billion, while its net profit increased by 30% to ₹2 billion. SHRIRAMFIN’s strong financial performance was driven by a number of factors, including: The growth more about Shriram Finance Limited (SHRIRAMFIN)

Price598.15 10.00 (1.70%)52 Week High629.55
ISININE062A0102052 Week Low499.35
IndustryRegional BanksVolume18.8 M
SectorFinanceP/E Ratio TTM7.98
Market Cap5.3 T1 Year Beta1.61
Technical Rating of
State Bank of India (SBIN) is the largest bank in India by assets, deposits, branches, and employees. The bank was founded in 1806 and is headquartered in Mumbai, Maharashtra. SBIN has a network of over 24,000 branches and 58,000 ATMs across India. In the financial year 2022-23, SBIN reported a total revenue of ₹4.6 lakh more about State Bank of India (SBIN)

Nifty Financial Services Methodolgy

Eligibility Criteria for Selection of Constituent Stocks:
i. Nifty 500 constituents representing Financial Services such as banks, financial institutions, housing finance and other financial services etc. are considered eligible.
ii. Within eligible universe, weights of each subsector based on average free float market capitalization is calculated.
iii. Selection of 20 companies from each sub-sector is made in such a manner that weightage of selected constituents closely matches with the weightage of the sub-sector as explained earlier.
iv. A preference within each sub-sector is given to companies that are available for trading in NSE’s Futures & Options segment.
v. Companies will be included if average free-float market capitalisation is 1.5 times the average free-float market capitalization of the smallest index constituent.
vi. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing.
Index Re-Balancing:
Index is re-balanced on semi-annual basis. The cut-off date is January 31 and July 31 of each year, i.e. For semi-annual review of indices, average data for six months ending the cut-off date is considered. Four weeks prior notice is given to market from the date of change.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.

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