The banking sector displayed a mix of performances in today’s trading session, with some private sector banks leading the gains while public sector banks saw selling pressure.
Banking Stock Performance Table:
| Stock Name | Closing Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| Kotak Bank | 1,825.90 | +37.50 | +2.10% |
| Federal Bank | 202.75 | +2.24 | +1.12% |
| HDFC Bank | 1,789.50 | +6.75 | +0.38% |
| Axis Bank | 1,074.80 | +3.00 | +0.28% |
| ICICI Bank | 1,283.75 | +0.10 | +0.01% |
| Yes Bank | 19.51 | -0.12 | -0.61% |
| Bandhan Bank | 158.73 | -1.20 | -0.75% |
| Indian Overseas Bank (IOB) | 51.90 | +0.03 | +0.06% |
| State Bank of India (SBI) | 791.05 | -2.15 | -0.27% |
| UCO Bank | 43.72 | -0.14 | -0.32% |
| Canara Bank | 100.04 | -0.34 | -0.34% |
| Punjab & Sind Bank (PSB) | 48.50 | -0.22 | -0.45% |
| Bank of Maharashtra (BoM) | 52.38 | -0.21 | -0.40% |
| Bank of India | 102.16 | -0.48 | -0.47% |
| Punjab National Bank (PNB) | 102.10 | -0.56 | -0.55% |
| Central Bank of India | 53.45 | -0.39 | -0.72% |
| Bank of Baroda | 236.70 | -4.52 | -1.87% |
| Union Bank | 120.25 | -2.81 | -2.28% |
Data as on 10:23AM, Jan 2, 2025
Sector Overview:
- Kotak Bank stock was the top performer in the sector, gaining 2.10% to ₹1,825.90, followed by Federal Bank stock, which rose by 1.12% to ₹202.75.
- Among private sector peers, HDFC Bank stock edged up by 0.38% to ₹1,789.50, while Axis Bank stock recorded a 0.28% rise, closing at ₹1,074.80.
- On the downside, Union Bank stock fell by 2.28% to ₹120.25, and Bank of Baroda stock lost 1.87% to ₹236.70.
- Other PSBs, including PNB (-0.55%), Canara Bank (-0.34%), and Central Bank of India (-0.72%), also faced declines.
The mixed trend highlights the varied investor sentiment across the banking sector, with private sector banks faring better amidst market volatility, while PSBs saw pressure on account of profit-booking and cautious market behavior.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult your financial advisor before making any investment decisions.
