Nifty Private Bank Sector Analysis — Live Performance, Constituent stocks

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Index overview

NIFTY PVT BANK

Current value

27,534.30 +141.95 (+0.52%)

Open: 27,374.80
High: 27,554.45
Low: 27,329.85
Previous close: 27,392.35

Breadth

8 Advances1 Declines

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Sector Detail

Data retrieved: 10 Aug 2026, 10:39 PM IST

	Company			Today Low/High
AXISBANK	AXIS BANK LIMITED	1247.3	9.3 (0.75%)	1235 1250	1238	36,61,847
BANDHANBNK	BANDHAN BANK LIMITED	172.62	-3.4 (-1.93%)	172.3 176.67	176.02	66,31,422
CUB	CITY UNION BANK LIMITED	216.42	4.42 (2.08%)	212.86 217.25	212	28,80,002
FEDERALBNK	THE FEDERAL BANK LIMITED	358.35	2.1 (0.59%)	353.95 358.6	356.25	28,48,547
HDFCBANK	HDFC BANK LIMITED	731	0 (0%)	728.5 737.55	731	2,36,60,590
ICICIBANK	ICICI BANK LIMITED	1431.8	10.8 (0.76%)	1415.5 1441.9	1421	1,27,49,354
IDFCFIRSTB	IDFC FIRST BANK LIMITED	85.1	0.48 (0.57%)	84.34 85.17	84.62	1,21,70,856
INDUSINDBK	INDUSIND BANK LIMITED	1027.3	5.3 (0.52%)	1012 1028	1022	10,42,293
KOTAKBANK	KOTAK MAHINDRA BANK LIMITED	393.5	2.75 (0.7%)	386.5 393.5	390.75	1,16,62,079
RBLBANK	RBL BANK LIMITED	391	1.2 (0.31%)	386.7 392	389.8	19,06,856

About Nifty Private Bank

Tracks listed private-sector banks under an index-specific capped methodology.

Composition and weight-review schedules follow the applicable index-specific NSE Indices methodology.

Index definition and methodology: NSE Indices. Market prices are supplied by the NiftyTrader market-data service.

Related indices

Market information is provided for analysis and education, not personalised investment advice. To report a factual issue, use the correction contact form.

Understanding the Nifty Private Bank Sector

What is Nifty Private Bank?

The 30 June 2026 factsheet reported HDFC Bank, ICICI Bank and Axis Bank at approximately 21.25%, 21.15% and 19.91%, respectively. Use the current official factsheet for later dates.

What drives Nifty Private Bank

The drivers overlap with Nifty Bank but with three private-bank-specific factors:

Premium valuations. Private banks trade at 2-4x book value vs PSU banks at 0.5-1.5x. This makes private banks more sensitive to interest-rate changes and growth-expectation revisions.
Asset quality leadership. Private banks consistently have lower NPA ratios than PSUs. When asset quality concerns emerge anywhere in the system, private banks usually outperform.
Retail-loan growth. Private banks dominate the retail unsecured lending market (personal loans, credit cards, gold loans). Strong retail credit data is a private-bank tailwind.
HDFC Bank's outsized influence. HDFC Bank alone is ~35% of the index. Its quarterly results and any news drive the entire sector. The HDFC-HDFC Bank merger (completed 2023) created additional dynamics around the combined entity's earnings trajectory.

Constituent stocks (illustrative weightage)

HDFC Bank — ~36% weight
ICICI Bank — ~28% weight
Axis Bank — ~12% weight
Kotak Mahindra Bank — ~10% weight
IndusInd Bank — ~5% weight
Federal Bank — ~3% weight
IDFC First Bank — ~2% weight
AU Small Finance Bank — ~2% weight
Bandhan Bank — ~1% weight
RBL Bank — ~1% weight

Related tools

Nifty Bank — full banking sector including PSU
Nifty PSU Bank — PSU-only sub-sector for comparison
Nifty Financial Services

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FAQs About Sector Analysis Nifty Pvt Bank

Nifty Bank includes both private and public sector banks (12 stocks total). Nifty Private Bank includes only the 10 private sector banks. Most of the high-weight names in Nifty Bank are private banks, so the two indices move similarly — but Nifty Private Bank excludes the PSU banks (SBI, BOB, PNB, Canara) that account for 15-18% of Nifty Bank weight. On days when PSU and private banks move in opposite directions, the indices diverge meaningfully.

HDFC Bank is by far the largest private sector bank in India by market capitalisation, especially after its merger with HDFC Ltd in 2023. As a result, HDFC Bank typically carries 35-40% of Nifty Private Bank weight, with HDFC + ICICI Bank together accounting for over 60% of the index. The sector's daily move is dominated by these two names.

Nifty Private Bank consists of 10 private sector (privately-owned) banks: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, Federal Bank, AU Small Finance Bank, Bandhan Bank and RBL Bank.