The Nifty Bank index dropped by 296.55 points during Tuesday’s morning session, trading at 56,328.45, which represents a decline of 0.52% from the previous close of 56,625.00. The index opened at 56,598.65 and reached an intraday low of 56,306.35, with trading volume amounting to ₹2,342.47 crore from 557.34 lakh shares.
Out of the twelve banking constituents, ten traded lower. IndusInd Bank led the decline, falling 2% to ₹744.70. Canara Bank recorded a 1.79% decrease to ₹125.36, while Axis Bank experienced a 1.48% drop to ₹1,172.00. Punjab National Bank and Bank of Baroda also saw significant declines of 1.25% and 1.17%, respectively. State Bank of India slipped 0.94% to ₹874.65.
In the private banking sector, ICICI Bank reduced by 0.25% to ₹1,376.00, and HDFC Bank saw a minor decline of 0.15% to ₹975.55. Only Federal Bank and AU Small Finance Bank managed to post gains, with increases of 0.46% and 0.25%, respectively.
HDFC Bank was the most active in terms of trading volume, with ₹944.89 crore exchanged, followed by ICICI Bank at ₹331 crore. Despite a 0.92% decline, IDFC First Bank led in volume, with 152.39 lakh shares changing hands. The banking index shows a year-to-date gain of 10.32% and an increase of 8.71% over the past year.
Published on October 14, 2025.
