Nifty Bank Index at 58,122 Today, June 29, 2026: HDFC Bank, Yes Bank Lead Top Gainers

The Nifty Bank Index is one of India's leading sectoral stock market indices. It tracks the performance of the country's largest and most actively traded banking stocks listed on the National Stock Exchange (NSE). The index serves as a benchmark for investors, fund managers, and market participants to measure the overall performance of the Indian banking sector. It includes a maximum of 14 banking companies selected based on factors such as market capitalisation and liquidity.

Uses of the Nifty Bank Index

The Nifty Bank Index is widely used as a benchmark for banking-focused mutual funds and investment portfolios. It also forms the basis for several financial products, including Exchange Traded Funds (ETFs), index funds, futures and options contracts, and other structured investment products. Investors use the index to track the health of the banking sector and compare the performance of their investments against it.

Nifty Bank Index Key Metrics

The index consists of 14 banking stocks and is reviewed and rebalanced on a semi-annual basis. It has a price-to-earnings (P/E) ratio of 14.63, a price-to-book (P/B) ratio of 1.89, and a dividend yield of around 1.85%. 

Nifty Bank Index Top Constituents by Weight

The Nifty Bank Index is heavily weighted towards India's largest private and public sector banks. The top constituents include:

• HDFC Bank – 17.93%
• ICICI Bank – 13.63%
• Axis Bank – 10.28%
• Kotak Mahindra Bank – 9.81%
• State Bank of India (SBI) – 9.07%
• Federal Bank – 6.38%
• IndusInd Bank – 5.40%
• AU Small Finance Bank – 4.87%
• Bank of Baroda – 4.47%
• IDFC First Bank – 4.27% 

These companies account for a significant share of the index and largely influence its daily movement.

Nifty Bank Index Performance Snapshot

As of June 29, 2026, the Nifty Bank Index was trading at 58,122.60, down 54.45 points (-0.09%) from the previous close of 58,177.05. During the trading session, the index touched an intraday high of 58,318.05 and a low of 57,888.25. 

Over the past week, the index gained 0.33%, while it delivered returns of 7.16% in 1 month and 11.19% over 3 months. However, it was down 2.66% on a year-to-date basis. Looking at the long term, the index has generated returns of 31.12% over 3 years and 66.02% over 5 years.

Read More: Key Financial Changes From July 1, 2026: ITR Deadline, EPFO 3.0, Aadhaar Update, Passport Fee Hike & More!

Top Gainers and Losers in the Nifty Bank Index

Among the banking stocks, Yes Bank emerged as the top gainer, rising 1.61% to ₹25.27. HDFC Bank gained 1.02%, followed by Axis Bank, which increased 0.73%. Federal Bank advanced 0.52%, while Union Bank of India added 0.30% during the trading session.

On the losing side, Kotak Mahindra Bank declined 2.37%, making it the biggest loser in the index. AU Small Finance Bank fell 1.42%, followed by Canara Bank, which dropped 1.34%. Bank of Baroda lost 1.02%, while IndusInd Bank slipped 0.81%.

Conclusion

The Nifty Bank Index is a key indicator of the performance of India's banking sector, representing the country's largest and most liquid banking stocks.

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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 or 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 related documents carefully before investing.

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