Banking stocks witnessed mixed sentiment in early trade on April 1, 2025, with private lenders showing strength while select PSU banks declined sharply. The Bank Nifty index was flat, trading at ₹51,573.65, up just 0.02% at 9:38 AM.
Among private sector banks, IndusInd Bank led the gainers, rising 4.48% to ₹678.95. Bandhan Bank gained 2.34% to ₹149.70, while YES Bank added 2.07% to ₹17.23. Federal Bank was up 1.33% at ₹195.29, and RBL Bank rose 1.24% to ₹175.69.
On the other hand, large-cap private banks showed weakness. ICICI Bank was down 0.13% at ₹1,346.55, Kotak Bank slipped 0.35% to ₹2,163.70, Axis Bank fell 0.99% to ₹1,091.05, and HDFC Bank declined 1.16% to ₹1,807.05.
In the public sector banking space, Bank of India rose 2.00% to ₹109.26, Canara Bank gained 1.38% to ₹90.23, Bank of Baroda was up 1.01% at ₹230.84, and Punjab National Bank moved higher by 0.71% to ₹96.81. State Bank of India (SBI) added 0.64% to ₹776.40, while Maharashtra Bank edged up 0.43% to ₹46.54.
However, several PSU banks were under pressure. Central Bank dropped 0.54% to ₹42.54, Union Bank declined 1.31% to ₹124.53, Indian Overseas Bank slipped 1.77% to ₹38.28, and UCO Bank fell 6.16% to ₹33.50. The steepest fall was seen in Punjab & Sind Bank (PSB), which plunged 18.75% to ₹35.41, making it the worst performer among all banking stocks.
In conclusion, the banking space remained broadly mixed with a positive bias in select private banks, even as PSU counters like PSB and UCO Bank dragged overall sentiment in the sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
