The banking sector stocks in India experienced sharp declines on March 23, 2026, during early morning trade, aligning with broader market weakness. Data as of approximately 9:49 AM to 9:55 AM IST showed most listed banking and financial scrips down 2-5% on both BSE and NSE.
Key Price Declines (Early Trade on March 23, 2026)
- AU Small Finance Bank: BSE ₹876.90 (-2.46%), NSE ₹873.90 (-3.06%)
- Axis Bank: BSE ₹1,180.00 (-2.01%), NSE ₹1,179.10 (-2.06%)
- Bandhan Bank: BSE ₹151.15 (-4.61%), NSE ₹150.36 (-5.10%)
- Bank of Baroda: BSE ₹270.00 (-3.61%), NSE ₹268.90 (-3.95%)
- Bank of India: BSE ₹144.70 (-3.89%), NSE ₹144.34 (-4.09%)
- Canara Bank: BSE ₹131.25 (-3.78%), NSE ₹131.03 (-3.97%)
- HDFC Bank: BSE ₹758.00 (-2.88%), NSE ₹757.05 (-3.00%)
- ICICI Bank: BSE ₹1,226.95 (-1.49%), NSE ₹1,225.30 (-1.61%)
- IDBI Bank: BSE ₹69.50 (-4.92%), NSE ₹69.32 (-5.13%)
- SBI: BSE ₹1,023.40 (-3.31%), NSE ₹1,023.50 (-3.26%)
Other notable declines included IDBI Bank and Bandhan Bank among the steeper falls (around 5%), while larger private banks like ICICI Bank and Kotak Mahindra Bank saw relatively milder drops (under 2%).
Broader indices reflected similar pressure:
- Nifty 50: 22,629.05 (-2.10%)
- S&P BSE Sensex: 73,126.98 (-1.89%)
These declines occurred in early trade; intraday movements can shift based on further developments. Investors monitor support levels for Nifty around 22,900 and potential downside risks if breached. This reflects factual price data provided and aligns with observed market trends in March 2026 without speculation on future direction.
Also Read: Pharma sector stocks today, March 23: Alembic Pharma down 2.24%, Ajanta Pharma falls 1.85%, Glenmark Pharma falls 1.98%.