Nifty Bank Today, August 10, 2026: Index Falls 0.27% as SBI and Canara Bank Lead Decline

The Nifty Bank index traded lower on August 10, 2026, as weakness in several public sector banks offset gains in major private-sector lenders. The index was at 57,588.85, down 157.60 points or 0.27% from the previous close.

Nifty Bank Performance

The Nifty Bank opened at 57,812.30 and touched an intraday high of 58,015.85. It fell to an intraday low of 57,527.75 before trading at 57,588.85.

Of the 14 constituents, 5 stocks were trading higher and 9 were in the red. The index's price-to-earnings (P/E) ratio stood at 13.72, while its price-to-book (P/B) ratio was 1.75.

Nifty Bank Returns

The index has delivered mixed returns across different periods. It declined 1.11% over one week and 0.77% over one month. However, it gained 4.14% over 3 months.

Over 6 months, the index declined 4.99%, while its year-to-date return stood at -3.54%. The index gained 4.72% over one year, while its 3-year and 5-year returns stood at 29.31% and 59.84%, respectively.

Top Nifty Bank Gainers and Losers

Private-sector banks led the gainers on the index. Axis Bank was the top performer, rising 0.43% to ₹1,243.30. ICICI Bank gained 0.40% to ₹1,426.70, while HDFC Bank rose 0.33% to ₹733.40. 

State Bank of India (SBI) was the biggest loser among the Nifty Bank constituents, falling 1.90% to ₹1,076.30. Canara Bank declined 1.84% to ₹129.52. Punjab National Bank fell 1.05% to ₹113.61, while Bank of Baroda declined 1.05% to ₹248.08. Union Bank of India slipped 0.82% to ₹182.10.

Nifty Bank Constituents by Weight

HDFC Bank has the highest weight in the Nifty Bank index at 18.20%, followed by ICICI Bank at 14.86% and State Bank of India at 10.09%.

Kotak Mahindra Bank has a weight of 9.32%, while Axis Bank accounts for 8.81%. Federal Bank, IndusInd Bank, AU Small Finance Bank and IDFC First Bank have weights of 7.29%, 5.50%, 4.71% and 4.67%, respectively.

Read More: Best Dividend Paying Stocks in August 2026: Vedanta, Coal India, Wipro and More Based on Dividend Yield

About The Nifty Bank Index

The Nifty Bank Index tracks some of the largest and most liquid banking stocks listed on the NSE. It includes up to 14 companies and is calculated using the free-float market capitalisation method.

The index can be used as a benchmark to track the performance of the Indian banking sector. It can also serve as a benchmark for investment products such as index funds and exchange-traded funds (ETFs).

Conclusion

The Nifty Bank index remained under pressure on August 10, with losses in major public-sector banks outweighing gains in private-sector lenders. Investors may continue to track banking sector earnings, interest-rate expectations and broader market trends for further direction.

Want to track these market movements in Hindi? Visit Angel One News for daily updates and comprehensive share market news in Hindi.

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/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 the related documents carefully before investing.