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On January 23, 2026, India’s Nifty Bank futures rose 0.2% in pre-open trade, signaling cautious optimism. By 09:15 IST, the index was trading around 59,194 points, up 0.6% from the previous close of 58,800. Federal Bank and IDFC First Bank led gains, while IndusInd Bank slipped.
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India’s Nifty Bank futures (NBNCI) opened with a modest uptick of 0.2% in pre-open trade today, January 23, 2026, reflecting steady investor sentiment ahead of the full trading session.
Key Highlights
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Current Level: As of 09:15 IST, the Nifty Bank index was trading at 59,194 points, marking a 0.6% rise from yesterday’s close of 58,800.
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Top Performers: Federal Bank surged 2.7%, while IDFC First Bank gained 2.6%, driving early momentum.
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Lagging Stocks: IndusInd Bank slipped 0.8%, and AU Small Finance Bank fell 0.6%, showing selective weakness.
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Market Breadth: The advance-decline ratio stood at 10:4, indicating a bullish tilt across banking counters.
Why It Matters
The Nifty Bank index is a key barometer of financial sector health. Today’s gains suggest positive liquidity conditions and investor confidence despite mixed global cues. With resistance near 60,000 points, traders are watching closely for a breakout that could set the tone for broader market sentiment.
Sources: Reuters India, Hindu BusinessLine, Investing.com India
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