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Nifty Bank Recovers from Lower Levels, Aided by ICICI Bank, Axis Bank & SBI

Written by: Team Angel OneUpdated on: Mar 10, 2025, 3:15 PM IST
The Nifty Bank Index recovered from early losses on March 10, 2025, trading above 48,400 despite a weak YTD performance of -4.70%.
Nifty Bank Recovers from Lower Levels, Aided by ICICI Bank, Axis Bank & SBI
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The Nifty Bank Index consists of the most liquid and large Indian banking stocks, serving as a key benchmark for tracking the performance of the banking sector in the Indian capital market. The index includes a maximum of 12 companies listed on the National Stock Exchange of India (NSE).

Intraday Performance on March 10, 2025

The Nifty Bank Index opened in negative territory on March 10, 2025, slipping below the March 6 low of 48,299.40 and reaching an intraday low of 48,285 in early trade. However, buying interest at lower levels helped the index recover, and by 10:17 AM, it was trading above the 48,400 mark with marginal losses of 0.11% or 55 points.

Top Contributors and Laggards

  • Top contributors: ICICI Bank, Axis Bank, and SBI provided positive support to the index.
  • Laggards: IndusInd Bank, Kotak Bank, and HDFC Bank weighed down the index.
  • The advance-decline ratio favoured declines, with 8 stocks in the red compared to 4 stocks in the green.

Monthly and Year-to-Date (YTD) Performance

  • February 2025: The index recorded its steepest monthly loss of 2.51%, marking its biggest decline in a single month since October 2024.
  • March 2025 (as of March 10): The index is up by 0.27%.
  • YTD Performance: Despite recent recoveries, the index remains down by 4.70% in 2025 so far.

Conclusion

The Nifty Bank Index has shown resilience despite initial weakness on March 10, 2025, recovering from lower levels. However, weak sentiment in February and a negative YTD performance indicate cautious investor behaviour. Going forward, banking sector performance and macroeconomic trends will be crucial in determining the index’s trajectory.

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.

Published on: Mar 10, 2025, 3:15 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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