Nifty Bank Index Modestly Up 0.06% Despite Weak Market on July 10, 2025
Nifty Bank index edged higher by 0.06% to 57,247.65 amid a weak broader market. Leading gains from IndusInd, Axis, IDFC First and SBI contrasted with pressure on Canara, HDFC and ICICI banks. Nifty50 and Sensex dipped
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In today’s July 10th, 2025, trading session, the Nifty Bank index delivered a mild positive surprise, rising 0.06% even as the overall market stumbled. Leadership came from IndusInd and Axis, while heavyweights like HDFC and ICICI lagged. The broader market remained restrained amid global trade headwinds and the watchful anticipation of earnings announcements.
Nifty Bank index rose 0.06% to 57,247.65, outperforming amid a broader weak market
In contrast, the Nifty50 fell ~0.24%, trading near 25,415, while the Sensex dropped ~0.22% to 83,354
Top Gainers & Losers in the Bank Index
Gainers:
IndusInd Bank: +0.89%
Axis Bank: +0.77%
IDFC First Bank: +0.43%
State Bank of India: +0.41%
Kotak Mahindra: +0.31%
Decliners:
Canara Bank: –0.50%
Federal Bank: –0.26%
HDFC Bank: –0.23%
ICICI Bank: –0.11%
Punjab National Bank: –0.09%
Broader Market Context
The Nifty50 declined ~0.19% to 25,423, weighed down by IT stocks ahead of TCS earnings
Sensex also slid ~0.16%, dragged by sectoral weakness
Market sentiment remained cautious due to continuing global trade uncertainty, especially related to U.S. tariffs
Key Takeaways
Resilient banking sector: Nifty Bank’s slight uptick shows banking shares held firm despite broader market softness.
Divergent sector performance: Gains in PSU and mid-sized banks offset by weakness in private and smaller banks.
Macro pressures persist: Broader markets under pressure due to global trade tensions and upcoming U.S. earnings.
