November 7, 2025, 10:50 AM: The Nifty Bank Index (Bank Nifty) was trading lower at ₹57,486.15, down 0.91%, as early Friday trade showed weakness across major banking stocks. The index opened at ₹57,391.40 and moved in a tight range between ₹57,157.85 and ₹57,503.55.
Why the Dip Today
The fall in Bank Nifty this morning was mostly due to profit booking in large private lenders like HDFC Bank and SBI, both of which saw mild selling after recent gains.
Unlike the past few sessions where the sector held firm near record highs, today’s market started with low momentum and a lack of new triggers to support further upside.
Traders also turned cautious as global cues stayed mixed and bond yields edged higher, sparking worries that interest rates may stay elevated for longer, putting mild pressure on banking sentiment.
Top Bank Moves (10:50 AM Data)
| Bank | Market Price (₹) | Change (%) |
|---|---|---|
| HDFC Bank | 975.95 | 🔻 -0.88% |
| ICICI Bank | 1,332.90 | 🔼 +0.95% |
| SBI | 949.65 | 🔻 -1.16% |
| Kotak Mahindra Bank | 2,080.60 | 🔻 -0.12% |
| Axis Bank | 1,224.80 | 🔻 -0.30% |
| Bank of Baroda | 288.10 | 🔼 +0.61% |
| Punjab National Bank | 120.72 | 🔼 +0.22% |
| Canara Bank | 139.48 | 🔼 +0.17% |
| AU Small Finance Bank | 889.50 | 🔼 +0.96% |
| IDFC First Bank | 80.13 | 🔻 -0.30% |
| IndusInd Bank | 790.15 | 🔼 +0.50% |
| Federal Bank | 235.98 | 🔼 +0.06% |
Top 5 Reasons Why Bank Nifty Dipped This Week
- Profit booking: After weeks of steady gains, traders booked profits near record highs.
- Global weakness: Weak global markets and mixed cues from Asia pulled sentiment lower.
- FII selling: Foreign investors turned cautious and trimmed positions in bank stocks.
- Rate worries: Concerns that interest rates may stay high hurt banking outlook.
- Technical pause: The index hit strong resistance near 58,500 and slipped back slightly.
EaseMoney View
“This looks more like a cooling-off phase than real weakness. The index has been near record highs, so a small pullback is natural. Support now lies around 57,100–57,000, while resistance remains near 57,850,” said EaseMoney Research.
Unlike global peers, Indian banks still show strong loan growth and healthy balance sheets — meaning this dip is more technical than fundamental.
Quick Snapshot
| Today’s Low | ₹57,157.85 |
|---|---|
| Today’s High | ₹57,503.55 |
| 52-Week Range | ₹47,702.90 – ₹58,577.50 |
| Current Change | -529.70 (-0.91%) |
| Bias | Neutral-to-Slightly Negative |
Bottom Line:
Bank Nifty slipped under 57,500 in early trade as profit booking hit large banks. With no major domestic trigger today, traders are keeping positions light ahead of the weekend.
