NIFTYPRIVATEBANK · NSE
Nifty Private Bank
Index · View only — not on the trading terminal
₹27,290
+0.44% (+₹120.8)
Prev. close
₹27,169.2
Volume
21,39,40,208
As of
18 Sept 2026
Price history
Harendra Kumar · Elara Capital · 18 Aug 2026
“Bearish on private sector banks due to declining return on equity (ROE) as their products become commoditized. HDFC Bank's ROE has fallen, indicating a less efficient use of shareholder money to generate profit in the sector.”
Analyst sentiment
Analysts lean bullish
13 analyst stances · last 90 days · one per analyst
Trackable
6 · 4 bull / 1 neutral / 1 bear
Long-Horizon
none in window
Commentary
7 · 7 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on financials, especially well-run private banks, expecting them to regain investor interest as the cycle turns.…” | Mickey DoshiUBS India | Nifty Private Bank | PENDING | ||||
| “Bullish on mid-sized private banks and select PSUs for banking exposure, citing their potential for growth and value. He…” | Sunny AgarwalSBI Securities | Nifty Private Bank | PENDING | ||||
| “Domestic cyclicals, specifically Realty and Private Banks, are expected to hold ground next week, driven by rate-cut exp…” | Rajesh SinglaAlpha AMC | Nifty Private Bank | NOT GRADED | ||||
| “Neutral on the private banking space, expecting structural pressures like slower deposit growth and compression in risk …” | Goldman Sachs AnalysisGoldman Sachs Group Inc. | Nifty Private Bank | PENDING | ||||
| “Bearish on private sector banks due to declining return on equity (ROE) as their products become commoditized. HDFC Bank…” | Harendra KumarElara Capital | Nifty Private Bank | NOT GRADED | ||||
“Bearish on private sector banks due to declining return on equity (ROE) as their products become commoditized. HDFC Bank's ROE has fallen, indicating a less efficient use of shareholder money to generate profit in the sector.” This call couldn't be objectively graded against market data. | |||||||
| “Bullish on private banks, including ICICI Bank and SBI, and Shriram Transport Finance Company (STFC), believing the segm…” | Sandeep BhatiaMacquarie Capital | Nifty Private Bank | NOT GRADED | ||||
Market commentary · 8 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Positive on private banks, NBFCs, automobiles, upstream energy, cement, regulated power utilities, jewellery, quick comm…” | BofA Securities AnalysisBofA Securities | Nifty Private Bank | PENDING | |
| “Bullish on private banks, expecting them to recover loan market share lost during liquidity constraints. FCNR(B) inflows…” | Nomura AnalysisNomura Global Markets Research | Nifty Private Bank | PENDING | |
| “Bullish on HDFC Bank, ICICI Bank, and Axis Bank for portfolio and long-term investors, recommending selective accumulati…” | Ravi SinghMaster Capital Services Ltd. | Nifty Private Bank | PENDING | |
| “Bullish on private banks, believing that strong FCNR (B) mobilisation is NII- and EPS-accretive, which is more crucial t…” | ICICI Securities AnalysisICICI Securities | Nifty Private Bank | PENDING | |
| “Bullish on private banks, which are best positioned to benefit from India's 12-14% annual credit growth and the RBI's gr…” | Vinit BolinjkarVentura Securities | Nifty Private Bank | PENDING | |
| “Bullish on ICICI Bank for consistency, Axis Bank for margin-recovery leverage if the bottom call is underwritten, and HD…” | Harshal DasaniINVasset PMS | Nifty Private Bank | PENDING | |
| “Bullish on private sector banks; expect earnings growth of 15-18% in FY27, with attractive valuations across price-to-ea…” | Kunal VoraBNP Paribas India | Private Sector Banks | PENDING | |
| “Private sector banks remain among Vora's highest-conviction investment ideas. He anticipates earnings growth of 15-18% f…” | Kunal VoraBNP Paribas India | Private Sector Banks | PENDING |
Index metrics
As of 19 Sept, 06:39 IST
Open
27,216.85
Day High
27,408.75
Day Low
27,208.3
Prev. Close
27,169.2
52W High
29,748.45
52W Low
23,957.45
P/E
16.99
P/B
1.96
Div. Yield
0.64%
Member stocks today
How many of this index's member stocks rose or fell today — a broad move and a few-heavyweights move look very different here.
5
Rose
4
Fell
1
Flat
Composition
10 stocks · 5 advanced · 4 declined
Member stocks, ranked by index weight — heaviest first.
Top weight: HDFCBANK · 37.0% (free-float mcap share, estimate — not NSE’s published weight)
HDFCBANK
HDFC Bank Ltd. · Financial Services
37.0%
₹731
+2.52%
ICICIBANK
ICICI Bank Ltd. · Financial Services
31.7%
₹1,338.9
-0.65%
AXISBANK
Axis Bank Ltd. · Financial Services
11.9%
₹1,257
+1.37%
KOTAKBANK
Kotak Mahindra Bank Ltd. · Financial Services
10.0%
₹412.5
-0.96%
FEDERALBNK
Federal Bank Ltd. · Financial Services
2.7%
₹332.75
+0.00%
INDUSINDBK
IndusInd Bank Ltd. · Financial Services
2.1%
₹966.3
+0.85%
IDFCFIRSTB
IDFC First Bank Ltd. · Financial Services
1.9%
₹85.92
-0.47%
YESBANK
Yes Bank Ltd. · Financial Services
1.3%
₹22.72
-1.77%
RBLBANK
RBL Bank Ltd. · Financial Services
0.8%
₹415.9
+2.91%
BANDHANBNK
Bandhan Bank Ltd. · Financial Services
0.5%
₹175
+2.04%
ETFs tracking this index
7 funds
Index levels are informational only, not investment advice.
Banking sector stocks today, September 18: Central Bank of India jumps 2.90%, City Union Bank rises 2.48%, Bandhan Bank up 1.49%
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NDTV Profit · 1 day ago
Paytm, SBI, YES, ICICI Bank shares rally after govt introduces 0.4% MDR on merchant UPI payments
ICICI Bank shares rallied after the government introduced a 0.4% Merchant Discount Rate (MDR) on UPI payments exceeding ₹2,000 made to merchants, effective October 15. This new charge is expected to create a significant revenue pool for banks and payment players. Analysts estimate the banking system could accrue roughly 60% of an incremental annual ecosystem revenue pool of ₹16,000–17,000 crore.
ICICI Bank Ltd Stock (IBN) Opened Down by 3.08% on Sep 15: Facts Behind the Movement
ICICI Bank Ltd (IBN) stock opened down by 3.08% due to broader macroeconomic headwinds affecting emerging markets. Increased crude oil prices, elevated U.S. Treasury yields, and a strong U.S. dollar led to foreign investor outflows from Indian equities. Concerns over net interest margin compression from deposit competition also contributed to the decline.
CBI files charge sheet against IFoS officer Navneet Srivastava in CREST-IDFC First Bank fraud case
The CBI filed a supplementary charge sheet against IFoS officer Navneet Srivastava in the CREST fraud case, alleging Rs 80 lakh of diverted funds were used to purchase land in Goa. The investigation claims Rs 95 lakh was transferred to a company owned by Srivastava's wife and father-in-law, which had no genuine business activity. Bank managers also revealed illegal gratification was delivered to Srivastava via cash couriers.