PSU Banks Power Early Gains as Nifty Bank Inches Up in Pre-Open Trade
By Shishta Dutta | Updated at: Jun 12, 2025 01:15 PM IST
Mumbai, 12 June 2025: The Nifty Bank index began Thursday’s pre-opening trade on a mildly optimistic note, recording a rise of 21.15 points to start the day at 56,480.90, marking a modest increase of 0.04%. The uptick was primarily fueled by a handful of public sector banks, which posted early buying interest. Among the 12 stocks comprising the index, 7 registered gains, 2 remained unchanged, and 3 declined, signalling a cautiously positive bias in early sentiment.
At 9:22 AM, the index was quoting at 56,538.85, reflecting stable buying interest. The previous session had closed at 56,459.75. In terms of broader performance, Nifty Bank is trading close to its 52-week high of 57,049.50, while the 52-week low remains significantly lower at 47,702.90. The early upmove reflects cautious optimism, especially amid selective buying in banking counters.
Pre-Opening Price Movement Snapshot
| Stock | Pre-Open Price (₹) | Change (₹) | % Change | Previous Close (₹) |
|---|---|---|---|---|
| Canara Bank (CANBK) | 117.70 | +0.61 | +0.52% | 117.09 |
| Bank of Baroda (BANKBARODA) | 243.20 | +0.61 | +0.25% | 242.59 |
| Federal Bank (FEDERALBNK) | 208.60 | +0.48 | +0.23% | 208.12 |
| PNB (PNB) | 110.50 | +0.20 | +0.18% | 110.30 |
| AU Small Finance Bank (AUBANK) | 775.00 | +1.05 | +0.14% | 773.95 |
| SBI (SBIN) | 816.00 | +0.95 | +0.12% | 815.05 |
| IndusInd Bank (INDUSINDBK) | 837.00 | +0.70 | +0.08% | 836.30 |
| IDFC First Bank (IDFCFIRSTB) | 71.30 | 0.00 | 0.00% | 71.30 |
| Kotak Mahindra Bank (KOTAKBANK) | 2145.30 | 0.00 | 0.00% | 2145.30 |
| HDFC Bank (HDFCBANK) | 1950.00 | -0.40 | -0.02% | 1950.40 |
| Axis Bank (AXISBANK) | 1231.00 | -0.40 | -0.03% | 1231.40 |
| ICICI Bank (ICICIBANK) | 1430.50 | -0.50 | -0.03% | 1431.00 |
PSU Banks Lead Morning Momentum
A surge in early interest for public sector banks such as Canara Bank, Bank of Baroda, and Punjab National Bank (PNB) contributed significantly to the initial uptick in the index. Canara Bank emerged as the top performer among PSU players, witnessing a turnover worth ₹22.88 crore – the highest in this category during the pre-opening session.
Private Banks See Tepid Start
Private banking giants, including HDFC Bank, ICICI Bank, and Axis Bank, opened on a flat-to-negative note, indicating a cautious stance from institutional investors. Despite being the most actively traded stock by value at ₹300.56 crore, HDFC Bank saw a marginal fall of ₹0.40.
Overall Market Snapshot – Pre-Open
| Metric | Value |
|---|---|
| Nifty Bank Open | 56,480.90 |
| Change | +21.15 pts |
| % Change | +0.04% |
| Advances | 7 |
| Declines | 3 |
| Unchanged | 2 |
| Total Market Cap | ₹37.89 lakh crore |
| Total Traded Volume | 5.26 lakh shares |
| Total Traded Value | ₹434.16 crore |
Market Outlook Ahead
With PSU banks displaying early resilience and private lenders trading within a tight band, analysts anticipate that the Nifty Bank may move sideways in the short term. However, any significant shift in HDFC Bank or ICICI Bank could act as a trigger for directional movement once the markets fully open.
Continue following our updates as market activity unfolds in the regular trading session.
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