On Tuesday, several private and public sector banks saw their share prices fall, leading Nifty Bank lower amid a broad market selloff.
Among the biggest losers were private lenders like IndusInd Bank, YES Bank, Federal Bank, and AU Small Finance Bank. IndusInd Bank fell sharply by 4.7% to close at Rs 905.15, while YES Bank dropped 4.61% to Rs 21.71. Federal Bank also declined by 2.38% to Rs 273.05.
Other banks, including Canara Bank, AU Small Finance Bank, Bank of Baroda, and Punjab National Bank, saw their share prices fall by up to 2.09%. Axis Bank, Union Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank also declined, losing up to 1.93% of their value.
HDFC Bank was the only major bank to show gains, rising slightly by 0.28%, bucking the overall weak trend in the banking sector.
The decline in bank stocks reflected a cautious mood in the market, with investors selling shares amid broader market pressure.