After a Stellar Week, Nifty Bank Index Drops by 166 Points Mid-Session; IndusInd and Kotak Lead Gains
By Ankur Chandra | Published at: Jun 10, 2025 07:18 PM IST
Mumbai, June 10, 2025 — The Nifty Bank index was trading lower by 166 points, or 0.29%, at 56,673.90 in mid-session today, following a volatile session. The banking benchmark touched an intraday high of 57,015.40 but soon faced selling pressure, sliding to a low of 56,570.30. This was after a stellar performance during the previous week, post-RBI repo rate announcement.
Critical reasons for this dip include profit booking at dynamic heights, rising bond yields, mixed equity sentiments, and strong flows into specific banks. IndusInd (up by 1.03% at 01:50 PM) and Kotak Mahindra Bank (up by 1.15% at 01:50 PM) emerged as the biggest gainers during the period. Axis and Canara also moved up slightly.
Stock-Specific Movement at Mid-Day
Amid a broadly negative sentiment in banking stocks, a few counters demonstrated resilience and significant gains, notably IndusInd Bank and Kotak Mahindra Bank.
| Bank Name | Open (₹) | High (₹) | Low (₹) | Previous Close (₹) | LTP (₹) | Change (₹) | % Change |
|---|---|---|---|---|---|---|---|
| IndusInd Bank | 838.00 | 857.35 | 836.00 | 836.65 | 846.85 | +10.20 | +1.22% |
| Kotak Bank | 2146.70 | 2172.90 | 2138.20 | 2138.20 | 2162.30 | +24.10 | +1.13% |
| Axis Bank | 1224.40 | 1229.00 | 1218.40 | 1219.90 | 1225.80 | +5.90 | +0.48% |
| Canara Bank | 118.40 | 118.45 | 117.15 | 117.69 | 117.81 | +0.12 | +0.10% |
Trading Activity and Volume
Trading activity remained robust throughout the early hours and afternoon as high volumes were recorded in IndusInd (trading volume of over 76 lakh shares at mid-session). Kotak Mahindra Bank and Axis Bank also witnessed high volumes (33 lakhs and 44 lakhs, respectively).
Market Context and Investor Sentiment
Despite selective gains, overall market sentiment appeared cautious, as investors evaluated recent developments, including the Reserve Bank of India’s recent repo rate cut. Analysts suggest investors remain watchful for further cues regarding monetary policy impacts on banking margins and loan growth.
The Nifty Bank has shown resilience over the past month, gaining approximately 6.05%, while the index has risen around 14.13% over the past year. In the past five days, the index rose by roughly 2%.
About Nifty Bank
The Nifty Bank Index comprises the most liquid and large-cap banking stocks listed on the National Stock Exchange (NSE). It is widely tracked as a key indicator of the banking sector’s performance and broader economic sentiment.
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