Banking sector stocks fall today, March 27: Canara Bank falls 3.52%, Bank of Baroda down 3.47%, Bank of India drops 3.01%

• Canara Bank dropped 3.52% on BSE (₹131.75) and 3.46% on NSE (₹131.81)
• Bank of Baroda fell 3.47% on BSE (₹263.25) and 3.52% on NSE (₹263.10)
• Union Bank of India declined 3.27% on BSE (₹174.50) and 3.18% on NSE (₹174.59)
• IDBI Bank was down 3.13% on BSE (₹65.10) and 3.26% on NSE (₹64.96)
• Bank of India slipped 3.01% on BSE (₹144.95) and 2.98% on NSE (₹145.05)

PSU Banks Lead the Decline

Public sector banks bore the brunt of today’s selloff. Canara Bank, Bank of Baroda, Union Bank, Bank of India, Indian Bank, PNB, and UCO Bank all registered losses of 2.5% or more on both exchanges. IDBI Bank also fell sharply.

Private Banks: Moderate Losses

Large private banks fell, but less steeply:

• HDFC Bank: ₹764.40 on BSE (−2.21%), ₹763.85 on NSE (−2.36%)
• ICICI Bank: ₹1,253.90 on BSE (−0.47%), ₹1,255.60 on NSE (−0.33%) — among the most resilient today
• Axis Bank: ₹1,205.05 on BSE (−1.42%), ₹1,206.90 on NSE (−1.24%)
• Kotak Mahindra Bank: ₹364.55 on BSE (−1.82%)
• IndusInd Bank: ₹801.60 on BSE (−2.02%)

Small Finance Banks Also Under Pressure

Small finance banks saw notable declines:

• Ujjivan Small Finance Bank: −2.81% on BSE (₹52.94)
• AU Small Finance Bank: −1.90% on BSE (₹893.00)
• Equitas Small Finance Bank: −1.91% on BSE (₹55.90)
• Bank: −1.89% on BSE (₹150.55)

The Only Gainer: Tamilnad Mercantile Bank

Tamilnad Mercantile Bank was the sole stock in positive territory today, gaining 0.94% on BSE (₹609.25) and 1.06% on NSE (₹609.95).

Broader Market Context

The Nifty 50 was trading at 23,039.25, down 1.15%, while the S&P BSE Sensex stood at 74,413.05, also down 1.14%, indicating that the banking sector decline was part of a broader market-wide fall today.