Nifty Bank Holds Steady Near 56,500 as HDFC, ICICI Offer Modest Support
By Shishta Dutta | Updated at: Jun 12, 2025 10:14 AM IST
Mumbai, 12 June 2025: The Nifty Bank index (NSE: NIFTYBANK) traded with a muted bias on Wednesday morning, inching up by 0.13% to reach 56,533.30 at 09:23 IST. The index added 73.55 points over its previous close of 56,459.75. Opening the day at 56,480.90, the benchmark touched an intraday peak of 56,565.10 before trimming some early gains.
Index Overview
| Metric | Value |
|---|---|
| Previous Close | 56,459.75 |
| Opening Level | 56,480.90 |
| Day’s High | 56,565.10 |
| Day’s Low | 56,392.35 |
| Last Traded Price | 56,533.30 |
| Daily Change | +73.55 |
| % Change | +0.13% |
| 52-Week High | 57,049.50 |
| 52-Week Low | 47,702.90 |
| 30-Day Change | +1.94% |
| 1-Year Change | +13.59% |
Index Constituents: Gainers vs. Losers
Market breadth within the index showed an even split, with 6 stocks advancing and 6 declining. Private banking majors such as HDFC Bank, ICICI Bank, and Bank of Baroda were among the key contributors to the slight upward movement, while names like Kotak Mahindra Bank, SBI, and PNB weighed down the index.
Top Gainers in Nifty Bank (as of 09:23 IST)
| Stock | LTP (₹) | Change (₹) | % Change |
|---|---|---|---|
| HDFC Bank | 1,956.00 | +5.60 | +0.29% |
| ICICI Bank | 1,434.60 | +3.60 | +0.25% |
| Bank of Baroda | 243.18 | +0.59 | +0.24% |
| Axis Bank | 1,232.80 | +1.40 | +0.11% |
| AU SFB | 774.45 | +0.50 | +0.06% |
| Canara Bank | 117.15 | +0.06 | +0.05% |
Top Losers in Nifty Bank
| Stock | LTP (₹) | Change (₹) | % Change |
|---|---|---|---|
| Kotak Bank | 2,142.80 | -2.50 | -0.12% |
| SBI | 813.65 | -1.40 | -0.17% |
| IDFC First Bank | 71.18 | -0.12 | -0.17% |
| Federal Bank | 207.75 | -0.37 | -0.18% |
| PNB | 110.20 | -0.10 | -0.09% |
| IndusInd Bank | 836.55 | +0.25 | +0.03% |
Wider Market Context
Meanwhile, the Nifty 50 was trading slightly higher at 25,154.40, gaining 13 points or 0.05% around the same time. The broader tone of the market remained subdued, with cautious optimism being driven primarily by select private banking counters despite muted global signals.
Technical Picture
Nifty Bank continues to hover less than 1% away from its 52-week peak of 57,049.50, indicating a near-term bullish tone. However, a few key banking stocks remain significantly below their respective highs, between 25% to 30% off, pointing toward an uneven recovery across the sector.
On a monthly basis, the index has delivered a 1.94% gain, while year-on-year performance reflects a robust 13.59% rise, underscoring the sector’s enduring strength over the past year.
About Nifty Bank
The Nifty Bank index tracks the performance of the most liquid and large-cap banking stocks listed on the NSE. It includes a mix of both public and private sector banks, serving as a crucial barometer for India’s financial sector. Its composition makes it an essential benchmark for banking-sector-focused funds and a widely followed indicator for market sentiment in financials
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