The Indian banking sector stocks showed mixed performance on February 1, 2026, as of 10:05 AM IST, during a special Sunday trading session held ahead of the Union Budget 2026 presentation. The market was open specifically for this event, with investors monitoring potential policy impacts on rate-sensitive sectors like banking.

Benchmark indices reflected cautious trading: the S&P BSE Sensex was at 82,326.62 (+0.07%), and the Nifty 50 stood at 25,324.40 (+0.01%). Banking stocks largely traded with negative bias, though some large private banks held steady or gained modestly.

Here is a summary of key banking stocks based on the provided data (BSE and NSE prices with percentage changes as of ~10:05 AM IST):

Top Gainers in Banking Sector

  • IDBI Bank: BSE 102.91 (+3.38%), NSE 102.70 (+3.14%) — Strongest performer among listed banks.
  • Jana Small Finance Bank Ltd.: 365.00 (+1.35%) (BSE only, not listed on NSE).
  • HDFC Bank: BSE 934.30 (+0.53%), NSE 934.30 (+0.54%) — One of the few positive movers among large private banks.
  • RBL Bank: BSE 299.65 (+0.52%), NSE 299.90 (+0.38%).
  • Kotak Mahindra Bank: BSE 409.40 (+0.34%), NSE 409.65 (+0.40%).
  • SBI (State Bank of India): BSE 1,079.20 (+0.15%), NSE 1,079.20 (+0.19%).
  • AU Small Finance Bank: BSE 982.00 (+0.06%), NSE 981.45 (-0.09%).

Notable Decliners

  • DCB Bank: BSE 190.45 (-4.58%), NSE 189.91 (-4.89%) — Among the sharpest falls.
  • Karur Vyasya Bank: BSE 291.20 (-3.38%), NSE 287.50 (-4.61%).
  • CSB Bank: BSE 426.45 (-3.11%), NSE 425.85 (-2.79%).
  • City Union Bank: BSE 293.80 (-2.88%), NSE 292.45 (-3.08%).
  • Bank of India: BSE 159.80 (-2.56%), NSE 159.70 (-2.68%).
  • Bank of Baroda: BSE 294.70 (-1.55%), NSE 293.05 (-2.12%).
  • Bandhan Bank: BSE 152.20 (-1.55%), NSE 152.11 (-1.64%).

Other Key Banks

  • Axis Bank: BSE 1,370.20 (-0.00%), NSE 1,369.00 (-0.10%).
  • ICICI Bank: BSE 1,351.10 (-0.29%), NSE 1,351.40 (-0.27%).
  • IndusInd Bank: BSE 895.05 (-0.03%), NSE 896.05 (-0.01%).
  • Canara Bank: BSE 147.10 (-0.20%), NSE 146.80 (-0.42%).

Many PSU banks (e.g., Bank of Maharashtra -1.96% to -2.14%, Punjab & Sind Bank -2.58% to -2.19%, UCO Bank -1.03% to -1.20%) and small finance banks (e.g., Ujjivan Small Finance Bank -1.71% to -1.81%) saw declines of 1-3%. Private sector heavyweights like HDFC Bank and Kotak Mahindra Bank were relatively resilient.

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TOPICS: Banking sector