
The banking sector showed varied performance in early trading on January 13, 2025, as stocks exhibited mixed trends. While IndusInd Bank emerged as the top gainer, advancing by 3.18% to ₹967.45, several other prominent banking stocks experienced declines.
Key Gainers:
- IndusInd Bank surged 3.18%, trading at ₹967.45, benefiting from positive sentiment in the private banking space.
- Axis Bank edged higher by 0.55% to ₹1,046.45.
- Union Bank of India saw a modest rise of 0.56%, trading at ₹104.20.
Key Decliners:
- HDFC Bank dropped by 1.38%, trading at ₹1,633.85, amidst broader selling pressure in the sector.
- Kotak Mahindra Bank fell 1.23% to ₹1,734.55.
- State Bank of India (SBI) slipped by 0.52%, trading at ₹739.40.
- ICICI Bank declined 0.74%, trading at ₹1,240.65.
Public Sector Banks:
Public sector banks exhibited subdued movement with marginal declines. Punjab National Bank (PNB) fell 0.61% to ₹98.04, while Bank of Baroda dipped by 0.89%, trading at ₹223.40. Canara Bank dropped 1.30% to ₹91.62.
The mixed movement in the banking sector reflects ongoing market volatility, with a focus on earnings performance and sector-specific developments driving investor sentiment.
Disclaimer: The above data is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making investment decisions.