The banking sector stocks showed mixed performance in early trading on March 5, 2026, as of approximately 9:31 AM IST. Data from the provided update indicates that many banking scrips were trading higher on both BSE and NSE, while some major private banks experienced slight declines.
Key Index Performance
- The S&P BSE BANKEX Index stood at 66,363.1, reflecting a gain of 0.6% at that time.
- The broader market benchmarks were also positive: S&P BSE SENSEX at 79,465.34 (up 0.44%) and NIFTY 50 at 24,607.20 (up 0.52%).
Note: Recent historical data from sources like NSE and BSE indicate that banking indices (such as NIFTY BANK and BSE BANKEX) closed lower on the previous trading day (March 4, 2026), with NIFTY BANK around 58,755 (down about 1.81%) and BSE BANKEX around 67,324 (down 1.20%). The early March 5 figures suggest a recovery or positive opening in the banking sector compared to the prior session's close.
Top Gainers in Banking Sector (as per early data)
- Bandhan Bank: Up 2.93% on BSE (Rs 182.40) and 2.59% on NSE (Rs 182.00).
- Bank of Maharashtra: Up 2.38% on BSE (Rs 70.12) and 2.81% on NSE (Rs 70.34).
- Other notable gainers included Karur Vysya Bank (up around 2.2%), RBL Bank (up around 2.2%), and J&K Bank (up around 2.2%).
Performance of Major Banks
- HDFC Bank: Up 0.32% on BSE (Rs 871.20) and 0.25% on NSE (Rs 870.80).
- SBI: Up 0.50% on BSE (Rs 1,180.40) and 0.47% on NSE (Rs 1,180.00).
- ICICI Bank: Down 0.60% on BSE (Rs 1,356.30) and 0.68% on NSE (Rs 1,356.10).
- Axis Bank: Slightly down 0.09% on BSE (Rs 1,349.85) and 0.01% on NSE (Rs 1,351.20).
- Kotak Mahindra Bank: Near flat, down 0.02% on BSE (Rs 403.10) and 0.10% on NSE (Rs 402.95).
Other Observations
- Small finance banks and several public sector banks showed gains in the 1-2% range, including AU Small Finance Bank (up around 1.4-1.75%), Ujjivan Small Finance Bank (up around 1.5-1.6%), and public sector names like Bank of Baroda (up around 0.9%), Canara Bank (up around 1.6%), and Indian Bank (up around 1.4-1.6%).
- A few stocks were down, such as Jana Small Finance Bank (down 1.16% on BSE at Rs 367.35) and Fino Payments Bank (down 0.16%).
Sector Context
The banking sector had gained 0.7% over the last 30 days and 21.3% over the last 1 year (as per the update). Early trading on March 5 reflected positive momentum in several mid- and small-cap banking stocks, amid a modestly higher broader market.
This summary is based on the intraday snapshot provided (as of ~9:24-9:31 AM IST on March 5, 2026). Stock prices fluctuate throughout the trading session, and investors should check live quotes from official sources like NSE or BSE for the latest updates.