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The Bank Nifty remained underneath stress by Friday’s commerce, extending losses within the afternoon consistent with broader market weak point
Bank Nifty
The Bank Nifty remained underneath stress by Friday’s commerce, extending losses within the afternoon consistent with broader market weak point. Around 1:30 pm, the index was down 0.8% at 60,717. Benchmark indices additionally declined sharply, with the Sensex tumbling over 600 factors and the Nifty slipping 0.8%.
The banking gauge stayed in detrimental territory from the opening bell, with promoting intensifying in heavyweight non-public lenders. ICICI Bank emerged as the most important drag, falling 1.6%, adopted by HDFC Bank, down 1.1%, and Axis Bank, which slipped 0.7%. Kotak Mahindra Bank additionally declined greater than 1.3%, additional weighing on the index.
Market breadth throughout the banking pack was largely detrimental. PSU lenders together with State Bank of India, Bank of Baroda, Punjab National Bank and Canara Bank additionally traded decrease, although their losses had been comparatively restricted in comparison with private-sector friends.
Upside strikes had been selective. Union Bank of India superior 1.6% on sturdy volumes, whereas IDFC First Bank gained about 1%. Federal Bank too traded marginally larger. However, these good points did not offset declines within the index heavyweights.
Volatility indicators signalled heightened warning, with India VIX rising practically 4%, pointing to elevated near-term uncertainty as markets absorbed promoting stress throughout sectors.
On the technical entrance, Ponmudi R, CEO of Enrich Money, mentioned Bank Nifty has rapid help within the 60,900–60,600 zone, whereas resistance is positioned round 61,400–61,500. He famous that though the broader construction stays constructive so long as key help ranges maintain, momentum seems measured reasonably than aggressive.
Meanwhile, ICICIDirect noticed that Bank Nifty continues to show relative energy in contrast with benchmark indices, because it stays nearer to its file highs than the Nifty. However, the brokerage cautioned that until the index manages a decisive shut above 61,800, consolidation at elevated ranges might persist.
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February 27, 2026, 15:24 IST
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