Nifty Financial Services Index Rises 0.91% By Midday on February 23

Written by: Akshay ShivalkarUpdated on: 23 Feb 2026, 5:46 pm IST

At 12:07 pm on February 23, 2026, Nifty Financial Services rose 0.91% to 28,468.60, with Kotak Bank and HDFC Life leading; REC declined marginally.

Nifty Financial Services Index Rises 0.91 By Midday on February 23

The Nifty Financial Services index was at 28,468.60, up 258.00 points or 0.91% as of 12:07 pm on February 23, 2026. The advance was supported by gains in Kotak Bank, HDFC Life, Axis Bank, SBI Life and ICICI Prudential Life.

Select names eased, including REC, BSE, LIC Housing Finance, Jio Financial Services and Bajaj Finserv. Turnover was active across index heavyweights and life insurers, with notable traded value in Axis Bank and BSE.

Midday Performance and Index Movement

As of 12:07 pm, the Nifty Financial Services index traded at 28,468.60, higher by 258.00 points. The move represented a 0.91% advance compared to the previous close.

Market breadth within the pack skewed positive, with multiple large-cap constituents in the green. The snapshot reflects intraday conditions and may change as trading progresses through the session.

Top Gainers: Banks And Insurers Advance

Company	LTP (₹)	Change (Points)	Change (%)	Volume (Lakh Shares)	Traded Value (₹ Crore)
Kotak Bank	431.30	+9.95	+2.36%	64.51	276.19
HDFC Life	744.60	+15.95	+2.19%	12.60	93.54
Axis Bank	1,388.40	+20.10	+1.47%	43.21	601.58
SBI Life	2,110.60	+30.60	+1.47%	6.22	131.46
ICICI Prudential Life	660.75	+9.45	+1.45%	5.15	34.06

Top Losers: Select Financials Ease

Company	LTP (₹)	Change (Points)	Change (%)	Volume (Lakh Shares)	Traded Value (₹ Crore)
REC	352.65	-1.55	-0.44%	21.68	76.68
BSE	2,729.60	-9.90	-0.36%	21.94	601.81
LIC Housing Finance	523.30	-1.25	-0.24%	4.31	22.67
Jio Financial Services	258.35	-0.25	-0.10%	56.44	145.78
Bajaj Finserv	2,057.90	-0.60	-0.03%	5.17	106.39

Turnover And Volumes Across Constituents

Traded value was concentrated in Axis Bank at ₹601.58 crore and BSE at ₹601.81 crore, indicating strong participation in these counters. Kotak Bank also saw active turnover at ₹276.19 crore, supported by 64.51 lakh shares in volume.

HDFC Life and SBI Life recorded traded values of ₹93.54 crore and ₹131.46 crore, respectively, reflecting interest in insurance names. Jio Financial Services registered high volumes at 56.44 lakh shares, alongside a traded value of ₹145.78 crore.

Conclusion

By 12:07 pm on February 23, 2026, the Nifty Financial Services index was higher by 0.91% at 28,468.60. Gains in leading banks and life insurers supported the index’s advance.

Selling pressure was limited to a handful of names, with declines remaining shallow during the period observed. Trading activity was robust across several large constituents, with elevated turnover in Axis Bank and BSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 23, 2026, 12:09 PM IST

Akshay Shivalkar

Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.

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