Nifty Bank scales record high, jumps 10,000 points from 2025 lows with only one underperformer

The Nifty Bank index hit a new record high of 57,651 on Friday, October 17, surpassing its previous all-time high level of 57,628. The index has now gained in 12 out of the last 14 trading sessions, during which it has gained over 3,000 points.From the 2025 low that the index fell to on March 11, the index has gained close to 10,000 points, enroute to its all-time high. The index had made a low of 47,702 on March 11.

The index has gained nearly 3,000 points in the month of October itself. The index has gained over 5% this month itself, making it the third-best month of 2025 so far after March and April.

A combination of strong business updates from most lenders, where growth in advances and deposits was in double digits for the September quarter on a year-on-year basis, coupled with breaking out above strong technical levels, has propelled the Nifty Bank higher in October.

Canara Bank has emerged as the best performing stock on the Nifty Bank from the March 2025 lows till date, with gains of over 50%. Most of the other constituents of the banking index have gained between 15% to 50%.

Stock	Returns From March 11, 2025 (%)
Canara Bank	52
AU Small Finance Bank	46
PNB	30
Bank of Baroda	30
IDFC First Bank	28
SBI	22
Federal Bank	18
HDFC Bank	18
ICICI Bank	17
Bank Box	15
IndusInd Bank	-17

The index has had only one underperformer from the lows in March, and that is IndusInd Bank, which is down 17% so far from the March lows for the index.

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