The banking sector in Indian stock markets showed mixed performance on February 26, 2026, in early trading hours. The S&P BSE BANKEX Index stood at 68,852.5, reflecting a 0.4% gain, according to the provided data as of around 9:47 AM IST. Over the past 30 days, the index had risen 3.2%, and over the last year, it gained 24.2%.
Key Stock Movements
Most banking stocks traded with modest gains in the morning session (prices as of approximately 9:41 AM BSE / 9:44 AM NSE):
- Top gainers included:
- J&K Bank: Up 2.54% on BSE (Rs 115.20) and 2.27% on NSE.
- Bandhan Bank: Up 2.22% on BSE (Rs 186.85) and 2.36% on NSE.
- IndusInd Bank: Up 2.12% on BSE (Rs 957.10) and 2.33% on NSE.
- YES Bank: Up 2.12% on BSE/NSE (Rs 21.18).
- Bank of Baroda: Up 2.07% on BSE (Rs 322.30).
- Other notable performers: Fino Payments Bank (up 1.89-2.49%), Jana Small Finance Bank (up 1.98% on BSE), Ujjivan Small Finance Bank (up 1.58-2.25%), and Union Bank (up 1.63% on BSE).
- Decliners were limited but included:
- AU Small Finance Bank: Down 0.43-0.56%.
- Axis Bank: Down 0.28-0.43%.
- ICICI Bank: Down 0.14-0.22%.
- Major private banks like HDFC Bank (up 0.08%), Kotak Mahindra Bank (up 0.19%), and SBI (up 0.32%) showed minor positive or flat movement.
Broader market context included the S&P BSE Sensex at 82,478.09 (up 0.25%) and Nifty 50 at 25,555.90 (up 0.29%).
Sector Overview
Within the banking sector, top gainers on the day featured stocks like Arman Holdings (up 8.2%) and J&K Bank (up 2.5%), while AU Small Finance Bank and Axis Bank were among the notable losers. PSU banks and select small finance banks contributed to positive momentum, consistent with recent trends in the sector where PSU banks have shown resilience and outperformance in prior weeks.
This update is based on intraday data from early February 26, 2026, and stock prices can fluctuate throughout the trading session. For real-time quotes, refer to official BSE/NSE platforms.