Indian banking sector stocks experienced declines in early trading on March 12, 2026, amid broader market weakness. Data from around 9:47-9:50 AM IST showed most listed banking scrips trading lower on both BSE and NSE.
Key Banking Index Performance
The S&P BSE BANKEX Index stood at 61,787.8, down 1.5% at that time. The index had declined 9.1% over the prior 30 days but remained up 11.9% over the last year.
The benchmark indices also fell: S&P BSE SENSEX at 76,040.39 (down 1.07%), and NIFTY 50 at 23,623.15 (down 1.02%).
Major Banking Stocks Decline
Here are selected stocks with their percentage changes (approximate, based on early session data):
- IndusInd Bank: Down 4.23% on BSE (Rs 839.80) and 4.06% on NSE (Rs 841.50) — among the top losers in the sector.
- Equitas Small Finance Bank: Down 3.03% (Rs 56.35).
- Jana Small Finance Bank Ltd.: Down 3.21% (Rs 349.95 on BSE; not listed on NSE).
- CSB Bank: Down 2.58% (Rs 349.35).
- Ujjivan Small Finance Bank: Down 2.39% (Rs 52.65).
- IDFC First Bank: Down 2.23% (Rs 64.82).
- Bank of India: Down 2.07% (Rs 151.15).
- ICICI Bank: Down around 1.84-1.99% (Rs 1,270.65 on BSE).
- Kotak Mahindra Bank: Down around 1.70-1.71% (Rs 376.95).
- HDFC Bank: Relatively milder decline at 0.36-0.40% (Rs 831.00).
Other notable declines included Axis Bank (1.23-1.43%), Bandhan Bank (1.56-1.65%), SBI (1.15-1.34%), and Canara Bank (1.03-1.29%).
This reflects intraday movements as of the provided timestamp (around 9:50 AM IST on March 12, 2026). Stock prices remain subject to change throughout the trading session. Investors should refer to official exchange sources for real-time updates.
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