The Nifty Bank index closed marginally lower on October 4, shedding 383.15 points or 0.74% to settle at 51,462.05. The day saw mixed performance from banking stocks, with some key players making significant gains while others faced declines.
Top Gainers:
- Bank of Baroda (BANKBARODA): The top gainer among Nifty Bank stocks, BANKBARODA’s share price rose by 2.10% to close at ₹250.20. The stock saw substantial trading activity, with 4.1 crore shares being traded.
- Axis Bank (AXISBANK): The stock closed higher by 0.62%, settling at ₹1,183. This performance came with a trading volume of over 1.3 crore shares, reflecting investor interest.
- State Bank of India (SBIN): SBIN gained 0.40%, ending the session at ₹797.25. The bank recorded a trading volume of 2 crore shares.
- Federal Bank (FEDERALBNK): With a modest increase of 0.09%, Federal Bank closed at ₹193.97. It saw a trading volume of approximately 96 lakh shares.
- IDFC First Bank (IDFCFIRSTB): IDFC First Bank experienced a marginal rise, ending 0.03% up at ₹72.
Top Losers:
- AU Small Finance Bank (AUBANK): The biggest loser on the Nifty Bank index was AUBANK, which fell by 1.60% to ₹720. The bank had a trading volume of over 21 lakh shares.
- HDFC Bank (HDFCBANK): A key index player, HDFC Bank’s share price declined by 1.23%, closing at ₹1,661.25. The stock traded with a volume of 2.43 crore shares.
- ICICI Bank (ICICIBANK): ICICI Bank fell by 1.23% to ₹1,240.95, with over 1.3 crore shares traded during the session.
- IndusInd Bank (INDUSINDBK): The bank’s share price dropped by 1.23%, ending at ₹1,388, with a trading volume of over 21 lakh shares.
- Canara Bank (CANBK): Canara Bank also faced pressure, losing 0.04% to settle at ₹107.92.
Market Overview: The overall banking sector had a mixed session with 7 stocks advancing and 5 stocks declining. The day’s movement was influenced by concerns over broader market volatility, influenced by both domestic and global factors.
Nifty Bank’s trading volumes were robust, with a total of over 25 crore shares traded amounting to a value of approximately ₹12,533 crores. The index experienced fluctuations within the range of 51,347 to 52,358 points.
The sector witnessed a blend of strong performers and those under pressure, driven by varying investor sentiments and market dynamics.
