The Indian banking sector stocks showed mixed performance in early trading on March 17, 2026, with the majority recording modest declines as of around 9:40-9:45 AM IST. The S&P BSE BANKEX Index stood at 61,022.5, down 0.2%. This comes amid broader market volatility, where the benchmark S&P BSE SENSEX was up 0.2% at 75,662.57, and NIFTY 50 was up 0.19% at 23,453.15.
The banking sector has faced pressure recently, down 9.6% over the last 30 days, though it has gained 10.3% over the past year.
Key Banking Stocks Performance (as of March 17, 2026 early session)
- Top Gainers:
- Tamilnad Mercantile Bank: Up 1.37% (BSE) / 1.28% (NSE)
- ICICI Bank: Up 0.70% (BSE) / 0.90% (NSE)
- Axis Bank: Up 0.09% (BSE) / 0.02% (NSE)
- Kotak Mahindra Bank: Up 0.11% (both BSE and NSE)
- Yes Bank: Up 0.38% (BSE) / 0.16% (NSE)
- Notable Decliners:
- CSB Bank: Down 2.39% (BSE)
- City Union Bank: Down 2.18% (BSE)
- J&K Bank: Down 2.10% (BSE)
- Bank of Maharashtra: Down 1.67% (BSE)
- Federal Bank: Down 1.46% (BSE)
- IndusInd Bank: Down 1.22% (BSE)
- Bandhan Bank: Down 1.02% (BSE)
Other major banks like HDFC Bank (down 0.20%), SBI (down 0.59%), and PNB (down 0.23%) saw minor losses.
This update is based on live data from BSE and NSE at approximately 9:40-9:45 AM IST on March 17, 2026. Stock prices fluctuate throughout the trading day. For real-time quotes and detailed analysis, refer to official exchange platforms or financial news sources.
Also read: Banking sector stocks down today, March 17: CSB Bank down 2.39%, City Union Bank falls 2.18%, J&K Bank drops 2.10%