Nifty Bank Rises 0.60% to 58,869; AU Small Finance and Canara Bank Lead Gainers on November 17, 2025

The Nifty Bank Index represents some of the biggest and most liquid banking stocks in India. It serves as an important benchmark for investors who want to track the performance of the country’s banking sector. The index includes up to 12 major banks listed on the National Stock Exchange (NSE). 

Purpose and Uses

The Nifty Bank Index is widely used by the financial industry. Fund managers use it to compare and measure the performance of their portfolios. Asset management companies rely on it to launch index funds and ETFs. 

Top Constituents by Weightage

The index is dominated by India’s largest banks. HDFC Bank carries the highest weight at 27.97%, followed by ICICI Bank at 23.01%. State Bank of India, Axis Bank, and Kotak Mahindra Bank also make up a large portion of the index with weights of 9.32%, 9.05% and 8.94% respectively. Other banks in the index include Federal Bank, IDFC First Bank, IndusInd Bank, Bank of Baroda and AU Small Finance Bank.

Fundamentals of the Index

• P/E Ratio: 16.35
• P/B Ratio: 2.20
• Dividend Yield: 1.01%

Current Market Snapshot (as of 17 Nov 2025, 11:30 IST)

The Nifty Bank Index is trading at ₹58,868.80 after rising 351.25 points or 0.60% for the day. The previous close was ₹58,517.55. The index has hit a 52-week high of ₹58,615.95 and a low of ₹47,702.90. The free-float market capitalisation stands at ₹39.30 lakh crore, with a trading volume of 801.23 lakh and a traded value of ₹2,832.05 crore.

Index Returns

• 1 Week: 1.61%
• 6 Months: 6.35%
• Year-to-Date: 15.29%
• 1 Year: 17.32%
• 3 Years: 38.65%
• 5 Years: 101.73%

Top Gainers and Losers

The index saw strong movement among several banking stocks. AU Small Finance Bank led the gains at ₹915.45, up 2.79%. Canara Bank followed with a rise of 2.23% to ₹149.33. Punjab National Bank increased by 1.41%, while Bank of Baroda gained 1.20%. Kotak Mahindra Bank also added 0.93%, contributing positively to the day’s performance.

Read more: Infosys Buyback: How Much Tax Will You Pay on The Buyback Amount?

Conclusion

The Nifty Bank Index remains a crucial benchmark for tracking India’s banking sector. With strong participation from major banks like HDFC Bank, ICICI Bank and SBI, it provides a clear picture of the sector’s health. Its steady long-term returns highlight the strength of India’s financial system, making it an essential reference for mutual funds, ETFs and investors who follow the banking industry.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.