The Bank Nifty index declined by 298.20 points, closing at 55,429.25, which represents a drop of 0.54% during Friday’s trading session. The index opened at 55,647.95, compared to the previous close of 55,727.45, with trading volumes reaching 816.02 lakh shares.
Public sector banks showed resilience, with Canara Bank leading the gains, rising 2.24% to ₹118. Punjab National Bank followed closely with a rise of 2.08%, while Bank of Baroda gained 1.69%. State Bank of India also saw a modest increase of 1.01%, bringing its share price to ₹863. Conversely, private sector banks negatively impacted the index; HDFC Bank fell 1.35% to ₹963.70, and ICICI Bank experienced a decline of 1.28%, closing at ₹1,403.50.
Market activity remained robust, led by significant trading volumes in HDFC Bank and ICICI Bank, contributing ₹550.53 crore and ₹542.77 crore, respectively, to a total turnover of ₹2,928.65 crore. Canara Bank was the most active in terms of volume, with 289.02 lakh shares traded.
Technical analysts maintain a cautiously optimistic outlook amid the decline. Amruta Shinde of Choice Equity indicated that Bank Nifty is facing resistance at levels between 56,000 and 56,200, with key support identified at 55,600. Bajaj Broking forecasts that the index could seek to target levels of 56,000 to 56,150, referencing the 61.8% retracement of the recent decline.
In terms of investment dynamics, foreign institutional investors acquired equities worth ₹366 crore on September 18, while domestic institutions demonstrated strong buying activity with inflows of ₹3,326 crore, providing underlying support to the banking sector.
Published on September 19, 2025.
