Bank Nifty hits ₹50 lakh crore milestone for the 1st time

Business Nov 28, 2025

Bank Nifty, India's main banking index, just crossed ₹50 lakh crore in market value—a first in its history.
The index closed at 59,752.70 on Friday and has jumped 11% over three months, easily beating the broader Nifty50's 6.4% rise.
This milestone highlights how bank stocks are becoming a bigger deal in India's financial scene.

Big banks driving the surge

HDFC Bank and ICICI Bank led the way, with market caps of ₹15.5 lakh crore and ₹10 lakh crore.
Along with SBI, Axis Bank, and Kotak Mahindra Bank, they make up about 30% of Nifty50's total weight—showing just how much influence banks have on the overall market now.
This achievement really underlines banking's growing power in shaping India's economy.