Nifty Bank Rises Nearly 1% to 60,652; PSU Banks Lead Gains While Private Banks Show Mixed Trend

The Nifty Bank index moved up by 531.95 points (0.88%) to reach 60,652.50 during intraday trading. The index opened higher at 60,805.20, touched a high of 60,876.20, and slipped to a low of 60,495.70.

The previous closing level was 60,120.55, showing a positive trend in banking stocks at the start of the session.

Market Breadth and Valuation Indicators

Out of the index constituents, 9 stocks advanced while 5 declined, reflecting a positive but slightly mixed market breadth.

The index is currently trading at a price-to-earnings (P/E) ratio of about 16.26 and a price-to-book (P/B) ratio near 2.15, indicating moderate valuation levels. Nifty Bank’s 52-week range stands between 47,702.90 on the lower side and 61,764.85 on the higher side, placing the index close to its yearly peak.

Top Gainers Led by PSU Banks

Public sector banks were the main contributors to the rise. State Bank of India (SBI) gained over 6%, emerging as the top performer with strong trading value.
Other gainers included IndusInd Bank, Union Bank, Kotak Mahindra Bank, and Bank of Baroda, each posting modest gains and supporting the upward movement in the index.

Private Banks See Mild Declines

Some major private banking stocks traded slightly lower. ICICI Bank, HDFC Bank, Axis Bank, Federal Bank, and IDFC First Bank recorded small declines, which limited the overall upside in the index despite strong PSU bank performance.

Returns Show Strong Long-Term Performance

Nifty Bank has delivered steady gains across different time periods. The index is up about 3.47% in one week, 2.36% in one month, and 10.27% in six months.
On a longer horizon, it has gained nearly 21% in one year, around 46% in three years, and over 68% in five years, highlighting strong long-term growth in the banking sector.

Also Read: Best 10 Blue Chip Stocks for February 2026!

About the Nifty Bank Index

The Nifty Bank index tracks the performance of up to 14 of the most liquid and large banking stocks listed on the NSE. It is calculated using the free-float market capitalisation method and is widely used as a benchmark for funds, ETFs, and other investment products linked to the banking sector.

Major constituents by weight include HDFC Bank, ICICI Bank, SBI, Axis Bank, and Kotak Mahindra Bank, which together form a large share of the index.

Conclusion

The Nifty Bank index traded higher with strong support from PSU banks, especially SBI, while private banks showed mild weakness. Despite short-term mixed trends, the index remains close to its yearly high and continues to reflect solid long-term growth in India’s banking sector.

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