Nifty Bank Today Rises 0.92% to 58,024.95: Closing Bell

Updated: 31 Aug 2026 • 4:16 pm

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Nifty Bank Today Rises 0.92% to 58,024.95: Closing Bell

Quick sector takeaways

Nifty Bank closed 528.65 points higher, up 0.92%, at 58,024.95 versus the previous close of 57,496.30.
The index finished at its day high of 58,024.95 after trading between 57,187.35 and 58,024.95 during the session.
Breadth was positive: 9 of 14 displayed banking stocks advanced, while 5 declined, producing an advance-decline ratio of 1.80.
Federal Bank, IDFC First Bank, Yes Bank, Axis Bank and IndusInd Bank led percentage gains; the next session will show whether participation remains broad.

In this closing-bell update, nifty bank today reflected a firm end to the session, with the banking gauge recovering from a lower intraday level to settle at its high. The index was the strongest gainer among the configured sector indices, while stock-level performance remained mixed enough to make breadth and heavyweight moves important for the next session.

Nifty Bank today: end-of-session wrap

Nifty Bank ended 31 August 2026 at 58,024.95, gaining 528.65 points from its previous close of 57,496.30. The 0.92% rise placed the banking index at the top of the configured sector-index gainers for the day. The finish was particularly notable because the closing level matched the session high, an observation that indicates the index retained its intraday gains into the close.

The day began at 57,353.75, below the previous close, and the index also touched 57,187.35 during the session. From that low, it climbed 837.60 points to the day’s high. This describes the day’s price path rather than an explanation for it: early levels were lower, followed by a recovery that carried the index above the prior close and to its closing high.

For a broader market dashboard alongside this sectoral wrap, readers can follow Univest Market View.

Price snapshot

Metric	Level	Session reading
Last traded price	58,024.95	Closed at the day high
Previous close	57,496.30	Base for the day’s comparison
Change	+528.65 (+0.92%)	Positive closing move
Day high	58,024.95	Equal to the closing level
Day low	57,187.35	Lowest intraday level

The intraday range was 837.60 points. Nifty Bank opened at 57,353.75, or 142.55 points below the previous close, before reversing higher. Closing at the high does not by itself establish a future direction, but it is a relevant end-of-session observation when reading the day’s sector performance.

Sector ranking

Nifty Bank ranked first among the configured sector indices on 31 August 2026, based on its 0.92% gain. It was ahead of Nifty Pharma, which rose 0.72%, Nifty Mid Select, which gained 0.41%, and Nifty Financial Services, which edged up 0.03%. The ranking identifies banking as the day’s top gaining configured sector index and puts its move in context without assigning a catalyst.

Elsewhere in the same group, Nifty IT declined 0.29%, Nifty Auto eased 0.04%, Nifty FMCG fell 1.69% and Nifty Metal declined 2.45%. The difference between Nifty Bank’s positive close and the losses in several other tracked indices underscores its relative outperformance during this session.

Constituent breadth

The positive index move was accompanied by constructive breadth across the 14 displayed banking stocks. Nine stocks rose and five fell, with no unchanged stocks. That translates to an advance-decline ratio of 1.80, meaning there were 1.8 advancing stocks for every declining stock.

This was therefore not a one-stock picture in the displayed set. The majority of names participated on the upside, although the five decliners show that gains were not uniform. The combination of a 0.92% index rise and 9 advances offers positive evidence of participation, while the losing names remain relevant when assessing the balance within the group.

Heavyweights versus broader participation

The heavyweight set delivered a mixed but net constructive reading. ICICI Bank rose 2.19% to 1,454.00, State Bank of India gained 1.19% to 1,060.00, and Axis Bank advanced 2.77% to 1,300.00. In contrast, HDFC Bank fell 1.57% to 709.00 and Kotak Mahindra Bank declined 1.01% to 419.40.

The same names featured in the supplied active-stock set, keeping attention on their closing moves. ICICI Bank and Axis Bank ended at their respective day highs, as did State Bank of India. HDFC Bank moved between 704.15 and 739.75 before closing at 709.00, while Kotak Mahindra Bank closed at its day low of 419.40. These are price-range observations, not indications of cause or a forecast.

Key Nifty Bank stocks

Stock	Move	Why it matters
Federal Bank	356.70, +3.62%	Largest percentage gainer among the displayed stocks; closed at its day high.
IDFC First Bank	85.97, +3.43%	Among the strongest positive movers and closed at the day high.
Yes Bank	22.83, +3.30%	Added to positive breadth with a close at the day high.
Axis Bank	1,300.00, +2.77%	A heavyweight advance aligned with the index’s positive close.
HDFC Bank	709.00, -1.57%	Largest percentage decliner among the displayed banking stocks.

Biggest positive movers

Federal Bank led the gainers, rising 3.62% to 356.70 from 344.25. IDFC First Bank followed with a 3.43% gain to 85.97, while Yes Bank rose 3.30% to 22.83. Axis Bank added 2.77% and IndusInd Bank gained 2.27% to 1,016.60. All five closed at their respective day highs, which records where they finished within their intraday ranges.

Biggest negative movers

HDFC Bank was the largest percentage decliner, down 1.57% to 709.00. Bank of Baroda fell 1.36% to 238.60, Canara Bank declined 1.13% to 126.90, and both Kotak Mahindra Bank and Punjab National Bank slipped 1.01%, ending at 419.40 and 114.23 respectively. These declines coexisted with the index’s positive close, illustrating the mixed performance beneath the headline gain.

Stocks to watch next session

Federal Bank, IDFC First Bank, Yes Bank, Axis Bank, ICICI Bank and HDFC Bank merit attention in the next session because their closing moves were prominent within the index. Federal Bank, IDFC First Bank, Yes Bank, Axis Bank and ICICI Bank were among the stronger gainers, while HDFC Bank was the largest displayed loser. Tracking whether these price moves persist, reverse or narrow can help investors follow the changing balance within Nifty Bank. This is a watchlist based on the day’s price action, not buy or sell advice.

The constructive case

The constructive evidence is clear in the closing data: Nifty Bank gained 0.92%, finished 528.65 points above its previous close, and closed at 58,024.95, which was also its day high. The index recovered from a day low of 57,187.35, and positive breadth supported the headline move, with 9 advances against 5 declines.

Strength was visible across several types of banks in the displayed set. Federal Bank, IDFC First Bank and Yes Bank posted gains above 3%, while Axis Bank, IndusInd Bank, ICICI Bank, Union Bank of India, State Bank of India and AU Small Finance Bank also advanced. The positive moves in ICICI Bank, State Bank of India and Axis Bank provide additional context to the index’s firm close.

The cautious case

The session was positive at the index level, but not every major stock participated. HDFC Bank fell 1.57%, while Bank of Baroda, Canara Bank, Kotak Mahindra Bank and Punjab National Bank also closed lower. The five decliners mean the advance was broad enough to be constructive, but not unanimous.

Investors can also note the sizeable difference between the day low and the close. While the close at the high was strong, the session included movement from 57,187.35 to 58,024.95. Next-session monitoring should focus on whether the displayed gainers and decliners continue to show the same split or whether participation changes.

Univest Insights

The defining feature of nifty bank today was its relative strength. It was the top gaining configured sector index, and its 0.92% advance exceeded the gains recorded by Nifty Pharma, Nifty Mid Select and Nifty Financial Services. The close at the day high gave the sector a firm finish after an initially lower opening.

Participation was supportive rather than singular. Nine of 14 displayed stocks advanced, led by Federal Bank, IDFC First Bank and Yes Bank. At the same time, gains in Axis Bank, ICICI Bank and State Bank of India added heavyweight context to the index’s move.

The counterpoint is that HDFC Bank and Kotak Mahindra Bank ended lower, alongside declines in Bank of Baroda, Canara Bank and Punjab National Bank. This makes the next session’s breadth a useful follow-through measure, especially if the stronger names remain positive while the weaker names stabilise or continue to diverge.

Data updated on 31 August 2026 at 4:15:01 PM IST. For traders and investors, the key signal to watch is…

Published on 31 August 2026 at 4:15 PM IST

Frequently asked questions

What was Nifty Bank today?

Nifty Bank closed at 58,024.95 on 31 August 2026, up 528.65 points or 0.92% from 57,496.30.

Did Nifty Bank close at its day high?

Yes. Nifty Bank’s day high was 58,024.95, the same as its closing level.

What was the Nifty Bank intraday low?

The index touched an intraday low of 57,187.35.

How was the breadth in Nifty Bank stocks?

Among 14 displayed stocks, 9 advanced and 5 declined, with no unchanged stocks. The advance-decline ratio was 1.80.

Which stocks were the top gainers in Nifty Bank?

Federal Bank gained 3.62%, IDFC First Bank rose 3.43%, Yes Bank advanced 3.30%, Axis Bank added 2.77% and IndusInd Bank gained 2.27%.

Which stock declined the most in Nifty Bank?

HDFC Bank was the largest displayed decliner, falling 1.57% to 709.00.

Disclaimer

Investments in securities markets are subject to market risks. Read all related documents carefully before investing. This sector-index update is for informational and educational purposes only and is not personalized investment advice or a recommendation to buy, sell, or hold any security.