Indian banking sector stocks showed positive movement in early trading on March 10, 2026, with the S&P BSE BANKEX Index at 63,462.6, up 0.8% from the previous close. This comes amid a broader market uptick, as the S&P BSE SENSEX stood at 77,829.73 (up 0.34%), while the NIFTY 50 was at 24,093.40 (up 0.27%).
The banking sector has faced pressure recently, with the BANKEX down 6.1% over the last 30 days but up 14.3% over the past year.
Key Performers on March 10, 2026 (as of ~9:39-9:40 AM IST)
Top gainers in the sector included:
- Karnataka Bank: up 3.04% (BSE) / 3.15% (NSE)
- Tamilnad Mercantile Bank: up 2.50% (BSE) / 2.40% (NSE)
- South Indian Bank: up 2.46% (BSE) / 2.36% (NSE)
- J&K Bank: up 1.92% (BSE) / 1.91% (NSE)
- Karur Vysya Bank: up 1.85% (BSE) / 1.73% (NSE)
- Federal Bank: up 1.70% (BSE) / 1.43% (NSE)
Major private and public sector banks also posted gains:
- HDFC Bank: up 1.17% (BSE) / 1.09% (NSE) at ₹849.00 / ₹849.85
- ICICI Bank: up 1.17% (BSE) / 0.98% (NSE) at ₹1,292.30 / ₹1,290.90
- SBI: up 0.71% (BSE) / 0.59% (NSE) at ₹1,106.50 / ₹1,105.00
- Axis Bank: up 0.36% (BSE) / 0.28% (NSE) at ₹1,293.00 / ₹1,291.90
- Kotak Mahindra Bank: up 0.45% (BSE) / 0.43% (NSE) at ₹388.25 / ₹388.00
Some stocks traded lower:
- Equitas Small Finance Bank: down 1.69% (BSE) / 1.53% (NSE)
- IDFC First Bank: down 1.26% (BSE) / 1.29% (NSE)
Prices reflect BSE and NSE levels around 9:39-9:40 AM IST on March 10, 2026.
Note: Market data is time-sensitive and subject to change during trading hours. Recent sessions have shown volatility in banking stocks, influenced by factors such as credit-deposit ratio trends and broader economic cues. Investors should refer to official exchange sources for real-time updates.