Nifty Bank Slips 200 Points to 54,039; Federal Bank Leads Gainers, PNB Tops Losers

The Nifty Bank Index, popularly known as Bank Nifty, is one of the most tracked sectoral indices in the Indian stock market. It reflects the performance of leading banking stocks listed on the National Stock Exchange (NSE) and serves as a key indicator of the health of the country's banking sector.

As of June 1, 2026, the Nifty Bank Index was trading at 54,038.85, down 200.35 points or 0.37% from its previous close of 54,239.20. The index opened at 54,403.85, touched an intraday high of 54,582.75, and fell to a low of 53,841.55 during the trading session. The index currently trades at a P/E ratio of 13.69 and a P/B ratio of 1.85, while its 52-week range stands between 49,954.85 and 61,764.85.

Nifty Bank Performance Snapshot

The banking benchmark has witnessed weakness across multiple time frames. Over the past week, the index has declined by 2.27%, while its 1-month return stands at -1.51%. The index has fallen 10.73% over the last 3 months and 9.46% over 6 months. On a year-to-date basis, Bank Nifty is down 9.50%, while its 1-year return stands at -3.07%. However, despite recent corrections, the index has delivered a return of 23.40% over 3 years and 52.92% over 5 years, highlighting the long-term growth potential of India's banking sector.

What Is the Nifty Bank Index?

The Nifty Bank Index is a sector-specific benchmark designed to track the performance of India's leading banking stocks. It comprises major public and private sector banks that are among the largest and most liquid financial institutions in the country. The index helps investors, analysts, and fund managers assess the performance of the banking sector and serves as a benchmark for banking-focused mutual funds, exchange-traded funds (ETFs), and derivatives such as futures and options.

How Is the Nifty Bank Index Calculated?

The Nifty Bank Index is calculated using the free-float market capitalisation-weighted methodology. Under this approach, only shares available for public trading are considered, while promoter holdings, government stakes, and strategic investments are excluded.

The free-float market value of each constituent bank is calculated and aggregated. This total is then divided by a predetermined index divisor to arrive at the index value. As a result, banks with larger free-float market capitalisations have a greater influence on the index's movement.

This methodology ensures that the index accurately reflects market activity and investor participation in the banking sector.

Which Banks Are Part of the Nifty Bank Index?

The index consists of some of India's largest banking institutions. Key constituents currently include HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, State Bank of India (SBI), Federal Bank, IndusInd Bank, Punjab National Bank, Bank of Baroda, Canara Bank, Union Bank of India, IDFC First Bank, AU Small Finance Bank, and Yes Bank.

Top Gainers in the Nifty Bank Index

Among the Nifty Bank constituents, Federal Bank emerged as the top gainer, rising 0.43% to ₹290.20. The stock witnessed trading volume of 31.56 lakh shares with a turnover of ₹91.16 crore. Yes Bank followed with a gain of 0.35% to ₹23.23, supported by strong trading activity of 884.86 lakh shares worth ₹207.23 crore. AU Small Finance Bank advanced 0.27% to ₹987.40, while banking heavyweight HDFC Bank added 0.15% to trade at ₹745.70, generating the highest traded value among gainers at ₹844.69 crore.

Top Losers in the Nifty Bank Index

On the losing side, Punjab National Bank (PNB) was the biggest drag on the index, declining 1.50% to ₹104.46. The stock recorded a trading volume of 66.44 lakh shares and turnover of ₹69.84 crore. Union Bank of India slipped 1.42% to ₹165.50, while Canara Bank fell 1.33% to ₹129.06. Kotak Mahindra Bank declined 1.31% to ₹379.15 and witnessed significant turnover of ₹227.34 crore. Bank of Baroda also remained under pressure, falling 0.76% to ₹266.45 with trading value of ₹137.40 crore.

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Conclusion

The Nifty Bank Index serves as an important benchmark for tracking the performance of India's banking sector. Trading at 54,038.85 on June 1, 2026, the index continues to reflect investor sentiment toward major public and private sector banks. 

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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.