Nifty Bank Today: Index Ends 0.98% Lower at 54,515

Updated: 8 Oct 2026 • 4:18 pm

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Nifty Bank Today: Index Ends 0.98% Lower at 54,515

Nifty Bank today ended the 8 October 2026 session lower, closing at 54,515.05. The index fell 540.50 points, or 0.98%, from its previous close of 55,055.55. The closing wrap showed broad weakness across banking stocks, although Punjab National Bank and Axis Bank finished in positive territory.

Quick sector takeaways

Nifty Bank closed at 54,515.05, down 0.98% or 540.50 points from 55,055.55.
The index traded between 55,043.00 and 54,383.15 during the session, ending closer to the day’s low.
Two of 14 Nifty Bank stocks advanced while 12 declined, reflecting a distinctly negative breadth reading.
Punjab National Bank rose 0.61% and Axis Bank gained 0.20%, while AU Small Finance Bank, Yes Bank and Canara Bank were among the larger fallers.

Nifty Bank today: end-of-session wrap

Nifty Bank today opened at 55,042.90, nearly matching the day’s high of 55,043.00, before moving lower through the session. It finished at 54,515.05, a decline of 540.50 points from the previous close. The close was 131.90 points above the intraday low of 54,383.15, but remained well below the opening level.

The session’s pattern was reflected across the sector. Several major banking names ended lower, including HDFC Bank, ICICI Bank, State Bank of India and Kotak Mahindra Bank. The two advances within the index offered a narrower positive counterpoint to the broader decline.

Price snapshot

Measure	Level	Session reading
Previous close	55,055.55	Reference level for the session
Open	55,042.90	Near the session high
Day high	55,043.00	Highest level of the day
Day low	54,383.15	Lowest level of the day
Close	54,515.05	Down 540.50 points, or 0.98%

The index’s intraday range was 659.85 points. Its close below both the opening level and previous close captured the weaker end-of-session position.

Sector ranking

Among India’s NSE sector indices in this comparison, Nifty Bank was the second-strongest performer for the session despite ending in negative territory. The ranking was led by Nifty IT, down 0.08%, followed by Nifty Bank, down 0.98%. Nifty Financial Services fell 1.11%, Nifty FMCG declined 2.02%, Nifty Pharma lost 2.32%, Nifty Auto fell 2.49%, Nifty Mid Select dropped 2.69%, and Nifty Metal recorded the steepest fall at 3.55%.

In other words, Nifty Bank ranked second on relative session performance within the full group, even as every index in the comparison closed lower. Readers can follow the sector’s live page through the Nifty Bank screener.

Constituent breadth

Breadth was weak: 2 Nifty Bank stocks advanced and 12 declined, with no stocks unchanged. The advance-decline ratio was 0.17, meaning declines substantially outnumbered gains. This breadth reading aligned with the index’s 0.98% fall and indicated that the pressure extended across most banking names in the index.

Heavyweights versus broader participation

The heavyweight group was mostly lower. HDFC Bank fell 1.49% to ₹692.25, State Bank of India declined 1.47% to ₹940.00, Kotak Mahindra Bank lost 1.14% to ₹435.00, and ICICI Bank slipped 0.63% to ₹1,349.00. Axis Bank was the exception, rising 0.20% to ₹1,245.00.

The same major names featured prominently in market activity, with HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank and Axis Bank in focus. Their mixed but predominantly negative closing moves were consistent with the wider breadth picture.

Key Nifty Bank stocks

Stock	Move	Why it matters
HDFC Bank	₹692.25, -1.49%	Major banking name that closed lower after trading between ₹690.50 and ₹705.80.
ICICI Bank	₹1,349.00, -0.63%	Declined modestly, with an intraday range of ₹1,340.00 to ₹1,360.80.
State Bank of India	₹940.00, -1.47%	Ended lower after opening at ₹953.90 and reaching a low of ₹937.50.
Punjab National Bank	₹115.29, +0.61%	Strongest gainer in the index and one of only two advances.
Axis Bank	₹1,245.00, +0.20%	Finished positive despite the sector-wide decline.

Biggest positive movers

Punjab National Bank led the advances, rising ₹0.70 or 0.61% to ₹115.29. The stock traded between ₹113.71 and ₹117.45. Axis Bank added ₹2.50 or 0.20% to ₹1,245.00, after moving between ₹1,232.60 and ₹1,257.00. These two gains stood apart from the prevailing negative sector breadth.

Biggest negative movers

AU Small Finance Bank was the largest faller, declining 1.85% to ₹975.00. Yes Bank fell 1.64% to ₹20.45, while Canara Bank lost 1.51% to ₹117.35. HDFC Bank declined 1.49% and State Bank of India fell 1.47%, placing multiple prominent names among the day’s notable declines.

Stocks to watch next session

HDFC Bank: ₹692.25 close after a 1.49% decline.
State Bank of India: ₹940.00 close after a 1.47% decline.
Punjab National Bank: ₹115.29 close after a 0.61% gain.
Axis Bank: ₹1,245.00 close after a 0.20% gain.
AU Small Finance Bank: ₹975.00 close after a 1.85% decline.
Canara Bank: ₹117.35 close after a 1.51% decline.

The constructive case

Nifty Bank’s relative ranking was a constructive point within a difficult session: it was the second-strongest index in the comparison, behind only Nifty IT. The index also closed above its intraday low, while Punjab National Bank and Axis Bank preserved gains. These observations show that positive stock-specific moves remained present even amid broad weakness.

The cautious case

The cautious case rests on the close below the opening level and previous close, together with the 12-to-2 decline-to-advance breadth. Major names including HDFC Bank, State Bank of India, Kotak Mahindra Bank and ICICI Bank finished lower. The index’s close near the lower portion of its daily range also kept the session’s overall reading negative.

Univest Insights

The 8 October closing session placed Nifty Bank at 54,515.05, down 0.98%. Its ranking was comparatively resilient versus the wider group of sector indices, but the absolute move remained negative.

The divergence between the two advancing stocks and the 12 declining stocks is central to the day’s interpretation. Punjab National Bank and Axis Bank closed higher, whereas declines were spread across private, public-sector and small finance banking names.

For the next session, Univest Market View can help readers track how the banking sector opens after this broad-based weak close. Nifty Bank today remains a key gauge of whether the sector’s breadth becomes more balanced.

The specific reading to watch next session is whether Nifty Bank holds above 54,383.15, its intraday low from 8 October 2026.

Published on 8 October 2026 at 4:17 PM IST

Frequently asked questions

What was Nifty Bank today?

Nifty Bank closed at 54,515.05 on 8 October 2026, down 540.50 points or 0.98%.

What was the Nifty Bank intraday range?

The index traded between 54,383.15 and 55,043.00.

How many Nifty Bank stocks gained today?

Two stocks advanced, while 12 stocks declined.

Which Nifty Bank stock gained the most?

Punjab National Bank gained the most, rising 0.61% to ₹115.29.

Which Nifty Bank stock fell the most?

AU Small Finance Bank fell the most, declining 1.85% to ₹975.00.

How did Nifty Bank rank among sector indices?

Nifty Bank was the second-strongest index in the comparison, with a 0.98% decline.

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.