Nifty Pre-Open: Bank Stocks Lead as Index Gains 470 Points; Canara Bank, IndusInd, PNB in Focus
By Ankur Chandra | Updated at: Sep 30, 2025 02:05 PM IST
Mumbai, June 24, 2025: The Nifty index has opened with a strong upward trend in today’s pre-open session, surging 470.1 points, or 0.84%, to reach 56,529.45. This significant early gain is predominantly attributed to the robust performance of banking heavyweights. All 12 banking stocks included in the dataset showed positive movement before the market officially opened, with Canara Bank, IndusInd Bank, and Punjab National Bank (PNB) standing out as top contributors.
Bank Stocks Pre-Open Summary
| Stock | Last Price (₹) | Change (₹) | % Change | Previous Close (₹) | Year High (₹) | Year Low (₹) |
|---|---|---|---|---|---|---|
| Canara Bank (CANBK) | 109.60 | 1.78 | 1.65% | 107.82 | 121.89 | 78.60 |
| IndusInd Bank (INDUSINDBK) | 851.00 | 11.10 | 1.32% | 839.90 | 1521.00 | 606.00 |
| Punjab National Bank (PNB) | 105.08 | 1.17 | 1.13% | 103.91 | 128.80 | 85.46 |
| SBI (SBIN) | 799.00 | 8.80 | 1.11% | 790.20 | 899.00 | 680.00 |
| Kotak Mahindra Bank (KOTAKBANK) | 2208.00 | 23.90 | 1.09% | 2184.10 | 2301.90 | 1679.05 |
| Bank of Baroda (BANKBARODA) | 236.00 | 2.15 | 0.92% | 233.85 | 283.60 | 190.70 |
| HDFC Bank (HDFCBANK) | 1965.00 | 16.60 | 0.85% | 1948.40 | 1996.30 | 1588.05 |
| Federal Bank (FEDERALBNK) | 208.49 | 1.54 | 0.74% | 206.95 | 217.00 | 172.13 |
| Axis Bank (AXISBANK) | 1222.90 | 8.80 | 0.72% | 1214.10 | 1339.65 | 933.50 |
| IDFC First Bank (IDFCFIRSTB) | 71.50 | 0.49 | 0.69% | 71.01 | 83.70 | 52.46 |
| AU Small Finance Bank (AUBANK) | 802.00 | 5.45 | 0.68% | 796.55 | 808.00 | 478.35 |
| ICICI Bank (ICICIBANK) | 1427.70 | 7.60 | 0.54% | 1420.10 | 1471.60 | 1152.65 |
Market Breadth & Liquidity Snapshot
- Advances: 12
- Declines: 0
- Unchanged: 0
- Total Traded Volume: 7.74 lakh shares
- Total Turnover: ₹57.5 crore
- Total Market Cap (from dataset stocks): ₹37.68 lakh crore
Key Highlights:
- Canara Bank opened with a 1.65% gain as strong buying interest was observed at ₹109 levels.
- IndusInd Bank saw the highest absolute gain among the pack, rising ₹11.10.
- Kotak Bank and SBI showed sustained upward momentum, adding over ₹20 and ₹8 respectively.
- No banking stock in this dataset opened in the red, indicating a broad-based positive sentiment in the sector.
Today’s Outlook
Banking stocks are likely to stay in the spotlight throughout today’s trading session, with the Nifty Bank index expected to lead the overall market gains. Investors will be watching for continued interest from large institutional investors and any shifts in sector focus as we enter the Q1 FY26 earnings season.
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