Nifty Bank scales record high, jumps 10,000 points from 2025 lows with only one underperformer
Published on 17/10/2025 10:54 AM
Nifty Bank scales record high, jumps 10,000 points from 2025 lows with only one underperformerThe 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.By Hormaz Fatakia October 17, 2025, 10:54:54 AM IST (Updated)2 Min ReadChoose CNBC TV18 on Google
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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%.
StockReturns From March 11, 2025 (%)Canara Bank52AU Small Finance Bank46PNB30Bank of Baroda30IDFC First Bank28SBI22Federal Bank18HDFC Bank18ICICI Bank17Kotak Bank15IndusInd 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.
Follow this space for all the live market updates.Continue ReadingFirst Published: Oct 17, 2025 10:53 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAU Small Finance Bank share priceBank NiftyCanara BankNifty BankPNB sharesRecord HighSBI share priceshare market today