Nifty Bank Stocks Open Flat; HDFC Bank, PNB Lead Early Gains
By Shishta Dutta | Published at: Jun 17, 2025 09:53 AM IST
Mumbai, June 17: Indian banking majors saw a tepid start to Tuesday’s session, with the Nifty Bank Index falling 0.10% to 55,888 in the early trading session on June 17th. HDFC Bank, Punjab National Bank (PNB), and State Bank of India (SBI) registered marginal gains, while IndusInd Bank was the key laggard.
Market Open Highlights: Banks Show Stable to Mild Positive Bias
At around 9:30 A.M, the shares included in Nifty Bank were trading at:
| Bank | Last Price (₹) | Change (₹) | % Change | Previous Close (₹) |
|---|---|---|---|---|
| HDFC Bank | 1,925.00 | -9.80 | -0.51% | 1,935.40 |
| PNB | 107.70 | 0.91 | 0.85% | 106.79 |
| SBI | 796.35 | 3.85 | 0.49% | 792.50 |
| Federal Bank | 206.43 | 0.82 | 0.40% | 205.61 |
| Bank of Baroda | 241.02 | 0.40 | 0.17% | 240.62 |
| Canara Bank | 111.00 | -0.24 | -0.22% | 111.24 |
| Axis Bank | 1,223.00 | 7.60 | 0.63% | 1,215.40 |
| ICICI Bank | 1,426.90 | 0.00 | 0.00% | 1,426.90 |
| Kotak Mahindra | 2,153.80 | 14.80 | 0.69% | 2,139.00 |
| AU Small Fin | 779.55 | -1.90 | -0.24% | 781.45 |
| IDFC First Bank | 71.54 | 0.64 | 0.90% | 70.90 |
| IndusInd Bank | 813.90 | -7.35 | -0.90% | 821.25 |
Advances: 7 Declines: 4 Unchanged: 1
The market breadth across the banking space remains neutral to mildly positive, indicating cautious optimism ahead of the main session. While heavyweight private banks held steady, PSU lenders like PNB and Bank of Baroda showed stronger relative momentum.
What’s Ahead?
The mildly negative breadth suggests that investors are waiting for fresh cues, whether it be macroeconomic data, rate guidance, or global banking trends. PSU banks may continue to see selective interest in credit growth expectations, while private majors such as HDFC Bank and ICICI Bank may react to upcoming quarterly results and management commentary. Investors will be watching for volume spikes and movement around resistance levels for directional clues.
What is Nifty Bank?
The Nifty Bank Index tracks the performance of the most liquid and large-cap banking stocks listed on the NSE. Its constituents play a key role in driving market sentiment, especially ahead of monetary policy decisions and credit growth trends.
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