NIFTY BANK Index Drops Below 55,000 Mark in Intraday Trade on October 12, 2026

The NIFTY BANK Index opened the October 12, 2026, session with a positive outlook at 55,350.15 and registered an intraday high of 55,416.45 soon after opening. The index later touched an intraday low of 54,709.05. 

NIFTY BANK Index Performance on October 12, 2026 

The NIFTY BANK index opened above its previous close at the 55,350.15 level and hit an intraday high of 55,416.45. 

As the session progressed, sustained selling pressure emerged, dragging the index down by over 540 points from its previous close to touch a low of 54,709.05. 

At 11:56 AM, the index was trading at 54,790.75, down by 465.90 points or 0.84% on October 12, 2026. 

Advance Decline Ratio of NIFTY BANK Index on October 12, 2026 

The market breadth of NIFTY BANK remained extremely weak during the morning session on October 12, 2026, with 1 stock advancing and 13 stocks declining. 

Heavy liquidation was observed across index heavyweights, leaving the vast majority of index constituents in the red. 

Top Gainers and Losers of NIFTY BANK Index on October 12, 2026 

The banking index recorded sharp downward movements across its constituents during the session as of 11:56 AM. 

Among the gainers, Kotak Mahindra Bank (KOTAKBANK) led the advance with a Last Traded Price (LTP) of 442.00, gaining 1.00 points (+0.23%). 

Conversely, heavy selling pressure was observed among the top losers, State Bank of India (SBIN) dropped the sharpest in percentage terms, falling by 18.40 points (-1.92%) to an LTP of 940.70. 

Punjab National Bank (PNB) also faced notable corrections, shedding 1.86 points (-1.59%) to reach an LTP of 115.12. 

ICICI Bank (ICICIBANK) lost value, decreasing by 18.90 points (-1.39%) to trade at an LTP of 1,336.10,while IndusInd Bank (INDUSINDBK) slid close behind, dropping by 11.50 points (-1.33%) to cross an LTP of 850.15. 

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Conclusion 

On Monday, October 12, 2026, the NIFTY BANK Index traded with losses of 0.84% by midday, weighed down by widespread risk-off sentiment. Pressure in State Bank of India, Punjab National Bank and ICICI Bank dragged the index lower even as a few constituents showed relative resilience. 

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