Nifty Bank Sinks 590 Points as IndusInd, AU SFB Drag; Only Federal Bank Holds Ground
By Ankur Chandra | Published at: Jul 2, 2025 03:27 PM IST
Mumbai, Jul 2 (13:57 IST): The Nifty Bank index slipped 590.20 points or 1.03% to 56,869.25 in afternoon trade, with heavy selling across banking counters. Eleven out of twelve constituents declined, signaling widespread sectoral pressure.
Nifty Bank Index Snapshot (Intraday)
| Metric | Value |
|---|---|
| Previous Close | 57,459.45 |
| Open | 57,558.20 |
| Intraday High | 57,628.40 |
| Intraday Low | 56,851.45 |
| Last Traded Price | 56,869.25 |
| Change (pts) | -590.20 |
| Change (%) | -1.03% |
| 52-Week High | 57,614.50 |
| 52-Week Low | 47,702.90 |
| Total Traded Volume | 12.06 crore |
| Total Traded Value | ₹5,351 crore |
Index Breadth
| Advances | Declines | Unchanged |
|---|---|---|
| 1 | 11 | 0 |
Top Drags on the Index
| Stock | Last Price (₹) | Change (₹) | Change (%) | 30D Return (%) | 1Y Return (%) |
|---|---|---|---|---|---|
| IndusInd Bank | 855.80 | -23.30 | -2.65% | +7.61% | -39.66% |
| AU SFB | 819.70 | -18.65 | -2.22% | +20.97% | +24.41% |
| Bank of Baroda | 242.25 | -5.29 | -2.14% | -0.81% | -9.04% |
| HDFC Bank | 1,982.30 | -29.80 | -1.48% | +3.46% | +18.00% |
| SBI | 810.40 | -9.90 | -1.21% | +0.98% | -2.57% |
Notable Resilience
| Stock | Last Price (₹) | Change (%) | Near 52W High (%) | 1Y Return (%) |
|---|---|---|---|---|
| Federal Bank | 216.60 | -0.97% | -1.55% | +23.06% |
While still marginally lower, Federal Bank was the only stock trading near its 52-week high of ₹220.
Market Context
The broader Nifty 50 was also under pressure, falling 142.35 points or 0.56% to 25,399.45. Banking stocks contributed significantly to the drag, reflecting cautious sentiment in financials.
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