Bank Nifty Falls 350 Points From 61,250 High As HDFC Bank, Axis Bank Weigh
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Last Updated: 26th February 2026 - 04:27 pm
Summary:
Bank Nifty turned negative on February 26, falling about 350 points from its intraday high of 61,250 to 60,894 in afternoon trade, as declines in HDFC Bank and Axis Bank weighed on the index, according to National Stock Exchange data.
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As of afternoon trade on February 26, the NIFTY Bank was down 0.24% at 60,894 after touching an intraday high of 61,250 earlier in the session, as per data from the National Stock Exchange of India. The index was unable to sustain levels above 61,000 during the day.
Heavyweights Drag The Index
Shares of HDFC Bank declined about 0.8% in afternoon trade, while Axis Bank fell nearly 0.6%, according to exchange data.
State Bank of India and ICICI Bank also traded lower during the session. Among the public sector banks, Canara Bank, Punjab National Bank, and Union Bank of India reported a mild fall.
On the other hand, IDFC First Bank gained over 3% with higher volumes and turned out to be the biggest winner on the list. Bank of Baroda and IndusInd Bank posted modest gains, while Yes Bank traded marginally higher.
Trading Pattern During The Session
The intraday movement showed the index retreating after approaching the 61,250 level and slipping below 61,000. Exchange data indicated that losses in heavyweight constituents outweighed gains in select mid-sized banking stocks.
At 60,894, the index was 350 points below its session high, reflecting selling pressure in large-cap banking names during the afternoon session on February 26.
The session’s movement placed the Bank Nifty back in negative territory after early gains, with stock-specific declines in major private sector banks offsetting advances in select other constituents.
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