Banking stocks traded higher in early deals on February 3, 2026, tracking broader market strength amid positive sentiment following the US–India trade deal.
As of 9:17 am, IndusInd Bank was trading at ₹950.40, up 4.41%, while Axis Bank gained 3.08% to ₹1,351.90. HDFC Bank was up 2.37% at ₹950.10, and ICICI Bank advanced 2.28% to ₹1,383.70.
Among public sector lenders, Bank of Maharashtra rose 4.65% to ₹64.20, while Bank of India gained 4.19% to ₹158.03. Union Bank of India was up 3.25%, Bank of Baroda added 2.95%, and State Bank of India climbed 2.52%.
Other banking names such as RBL Bank, Bandhan Bank, Federal Bank, Punjab National Bank, and Canara Bank also traded in the green, reflecting broad-based buying across the sector.
The rally in banking stocks came alongside gains in benchmark indices, as markets responded positively to improved risk appetite following the US–India trade agreement.
Disclaimer: This article is based solely on price data shown in the images provided by the user as of 9:17 am on February 3, 2026. It does not constitute investment advice or a recommendation to buy or sell any securities.
