Nifty Bank Rises 0.48% to 58,753; Axis Bank Leads Gains, Kotak Bank Slips

The Nifty Bank index was trading higher at 58,752.95, up 279.85 points (0.48%) from its previous close of 58,473.10. The index opened at 58,366.05 and moved within a range of 58,121.60 to 58,780.05 during the session.

Nifty Bank Performance Across Timeframes

In the short term, the index has faced some pressure, falling 1.07% over the past week and 0.41% in the last month. However, medium-term performance remains positive, with gains of 1.12% over 3 months and 3.96% over 6 months. On a yearly basis, Nifty Bank has delivered strong returns of 22.27%, while long-term investors have seen gains of 94.05% over five years.

Top Gainers and Losers

Among the gainers, Axis Bank led the rally with a jump of over 5%, followed by Federal Bank, Canara Bank, State Bank of India, and Bank of Baroda, all posting modest gains. 

On the losing side, Kotak Mahindra Bank declined the most, while IDFC First Bank, AU Small Finance Bank, ICICI Bank, and IndusInd Bank also traded lower.

About the Nifty Bank Index

The Nifty Bank index tracks the performance of the most liquid and large-cap banking stocks listed on the NSE. It includes up to 14 major banking companies and is calculated using the free-float market capitalisation method. The index serves as a key benchmark for bank-focused mutual funds, ETFs, and other investment products, with the Total Returns Index also accounting for dividend income.

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Major Stocks by Weightage

HDFC Bank carries the highest weight in the index, followed by ICICI Bank, State Bank of India, Axis Bank, and Kotak Mahindra Bank. Together, these stocks account for a significant portion of the index movement and play a crucial role in shaping overall performance.

Conclusion

Despite short-term fluctuations, the Nifty Bank index continues to show resilience, supported by strong fundamentals in the banking sector. With over 22% gains in the past year, the index remains an important indicator of India’s financial sector strength and investor confidence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private 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.

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