Nifty Bank Pre-Open: HDFC Bank Lifts Index, Private Banks Mixed Ahead of Market Open
By Shishta Dutta | Published at: Jul 16, 2025 09:23 AM IST
Mumbai, July 16 (Wednesday) — The Nifty Bank index showed a marginally positive bias in the pre-open session today, supported by gains in HDFC Bank (up 1.13%), while other heavyweight constituents traded mixed. As of 09:07 IST, the index reflected a mildly positive undertone despite the fact that there were more stocks in decline than advance.
Index Snapshot
| Metric | Value |
|---|---|
| Nifty Bank (Pre-Open) | 57,111.25 |
| Change | +104.60 |
| % Change | +0.18% |
| Status | Closed |
| Advances | 4 |
| Declines | 7 |
| Unchanged | 1 |
Top Movers in Nifty Bank (Pre-Open)
| Stock | Last Price (₹) | Change (₹) | % Change | Final Quantity | Year High (₹) | Year Low (₹) |
|---|---|---|---|---|---|---|
| HDFC Bank | 2,018.00 | +22.50 | +1.13% | 667,261 | 2,027.10 | 1,588.05 |
| AU Small Finance Bank | 812.05 | +2.00 | +0.25% | 1,741 | 841.00 | 478.35 |
| PNB | 112.37 | +0.13 | +0.12% | 42,926 | 128.80 | 85.46 |
| IDFC First Bank | 73.00 | +0.07 | +0.10% | 47,133 | 78.80 | 52.46 |
Key Decliners
| Stock | Last Price (₹) | Change (₹) | % Change |
|---|---|---|---|
| IndusInd Bank | 876.00 | -5.00 | -0.57% |
| Bank of Baroda | 243.10 | -1.22 | -0.50% |
| ICICI Bank | 1,426.00 | -4.80 | -0.34% |
| Kotak Bank | 2,184.10 | -4.00 | -0.18% |
| Axis Bank | 1,164.90 | -1.00 | -0.09% |
| SBI | 816.00 | -0.45 | -0.06% |
| Canara Bank | 114.85 | -0.02 | -0.02% |
Market Breadth and Turnover
- Total Traded Volume (Banks): 928,858 shares
- Total Turnover (Banks): ₹151.17 crore
- Total Market Cap (Bank Constituents): ₹38.30 lakh crore
Outlook
The strong volume and price increase in HDFC Bank kept the index afloat, despite the general weakness in major bank stocks like ICICI Bank and Kotak Mahindra Bank. Given that ICICI Bank and Kotak Bank are still weighing down sentiments, traders will be keenly monitoring the intraday momentum.
With the broader Nifty 50 also opening higher, the initial signs point toward a cautious but positive start for the banking sector, led by strong institutional interest in HDFC Bank and AU Small Finance Bank.
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