{"id":109608,"date":"2026-06-08T12:46:54","date_gmt":"2026-06-08T07:16:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=109608"},"modified":"2026-06-08T12:46:55","modified_gmt":"2026-06-08T07:16:55","slug":"nifty-bank-falls-june-8-2026-hdfc-bank-icici-bank-sbin","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-bank-falls-june-8-2026-hdfc-bank-icici-bank-sbin\/","title":{"rendered":"Nifty Bank Falls 0.38% to 54,287 on June 8, 2026 as HDFC Bank and ICICI Bank Decline on Rate Hike Fears While SBI and Federal Bank Gain"},"content":{"rendered":"
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Nifty Bank 54,287.05 (-0.38%) June 8 2026. High 54,455, Low 53,843. HDFC Bank -1.04% Rs 739.25, ICICI -0.86% Rs 1,251.30. SBI +0.60% Rs 983.60. 52W High 61,764.85.<\/em><\/p>\n

Nifty Bank declined 0.38% to 54,287.05 on June 8, 2026, dragged lower by the heavyweight private sector banks HDFC Bank (-1.04%) and ICICI Bank (-0.86%), as Federal Reserve rate hike expectations, elevated crude oil at $97 per barrel, and a broad FII-led risk-off selloff weighed on the banking index. The the banking index opened at 53,853.45, rallied sharply to a session high of 54,455.20 in early trade, pulled back to a low of 53,843.30 around midday, and has since partially recovered to the 54,200-54,300 range by mid-afternoon.<\/p>\n

The the banking index is currently trading approximately 12% below its 52-week high of 61,764.85, reflecting the cumulative impact of NIM pressure, credit cost cycles, corporate governance concerns at IndusInd Bank, and broader FII outflows that have weighed on the banking sector over the past several months. Today’s Nifty Bank move is primarily driven by macro headwinds rather than any bank-specific negative news, with most banks reporting steady Q4 FY26 results in May 2026.<\/p>\n

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Stock<\/th>\nSymbol<\/th>\nCMP<\/th>\nChange (%)<\/th>\nOpen<\/th>\nHigh<\/th>\nLow<\/th>\n<\/tr>\n<\/thead>\n
HDFC Bank<\/a><\/td>\nHDFCBANK<\/td>\nRs 739.25<\/td>\n-1.04%<\/td>\nRs 738.00<\/td>\nRs 741.50<\/td>\nRs 736.60<\/td>\n<\/tr>\n
ICICI Bank<\/a><\/td>\nICICIBANK<\/td>\nRs 1,251.30<\/td>\n-0.86%<\/td>\nRs 1,246.40<\/td>\nRs 1,253.40<\/td>\nRs 1,243.10<\/td>\n<\/tr>\n
IndusInd Bank<\/a><\/td>\nINDUSINDBK<\/td>\nRs 896.45<\/td>\n-0.92%<\/td>\nRs 881.00<\/td>\nRs 903.70<\/td>\nRs 881.00<\/td>\n<\/tr>\n
Bandhan Bank<\/a><\/td>\nBANDHANBNK<\/td>\nRs 204.00<\/td>\n-0.91%<\/td>\nRs 203.00<\/td>\nRs 205.84<\/td>\nRs 202.21<\/td>\n<\/tr>\n
Bank of Baroda<\/a><\/td>\nBANKBARODA<\/td>\nRs 261.60<\/td>\n-0.80%<\/td>\nRs 260.85<\/td>\nRs 266.50<\/td>\nRs 259.80<\/td>\n<\/tr>\n
AU Small Finance Bank<\/a><\/td>\nAUBANK<\/td>\nRs 962.85<\/td>\n-0.68%<\/td>\nRs 953.00<\/td>\nRs 968.10<\/td>\nRs 951.45<\/td>\n<\/tr>\n
Punjab National Bank<\/a><\/td>\nPNB<\/td>\nRs 106.48<\/td>\n-0.35%<\/td>\nRs 105.54<\/td>\nRs 107.11<\/td>\nRs 105.00<\/td>\n<\/tr>\n
IDFC First Bank<\/a><\/td>\nIDFCFIRSTB<\/td>\nRs 72.62<\/td>\n+0.37%<\/td>\nRs 72.00<\/td>\nRs 72.71<\/td>\nRs 71.64<\/td>\n<\/tr>\n
Kotak Mahindra Bank<\/a><\/td>\nKOTAKBANK<\/td>\nRs 377.60<\/td>\n+0.04%<\/td>\nRs 373.00<\/td>\nRs 377.90<\/td>\nRs 372.70<\/td>\n<\/tr>\n
Axis Bank<\/a><\/td>\nAXISBANK<\/td>\nRs 1,272.40<\/td>\n+0.01%<\/td>\nRs 1,262.00<\/td>\nRs 1,279.20<\/td>\nRs 1,262.00<\/td>\n<\/tr>\n
State Bank of India<\/a><\/td>\nSBIN<\/td>\nRs 983.60<\/td>\n+0.60%<\/td>\nRs 966.00<\/td>\nRs 988.65<\/td>\nRs 965.15<\/td>\n<\/tr>\n
Federal Bank<\/a><\/td>\nFEDERALBNK<\/td>\nRs 308.35<\/td>\n+1.38%<\/td>\nRs 302.50<\/td>\nRs 308.50<\/td>\nRs 301.30<\/td>\n<\/tr>\n
the banking index<\/td>\nN\/A<\/td>\n54,287.05<\/td>\n-0.38%<\/td>\n53,853.45<\/td>\n54,455.20<\/td>\n53,843.30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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