Indian financial stocks set to snap longest winning streak on record

Bajaj Finance

19/09/2025 09:55

** India's Nifty Financial Services index .NIFTYFIN down 0.65% on profit-booking, set to snap longest winning streak on record

** Index on track to snap 12 sessions of gains

** SBI Card SBIC.NS is the top pct loser on the index on the day

** NIFTYFIN's winning streak began on Sept. 3, the day when the Goods and Services Tax (GST) council approved lowering taxes on everyday items to spur domestic demand

** Financial index is a proxy for domestic economy as consumption recovery is directly linked to banks, who stand to benefit from improved economic activity

** Domestic inflation data, which continues to be below the RBI's target and easing global headwinds also aided the rally

** Bajaj Finance BJFN.NS and SBI Card SBIC.NS were the top two gainers among the financial stocks during the 12-day rally, both rising about 12%

** YTD, NIFTYFIN up ~13%, broader Nifty 50 index .NSEI up ~7%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))