The Bank Nifty staged a strong intraday recovery on Tuesday, rising nearly 1 percent, driven by robust Q3 business updates from major private lenders.
Among the top gainers were ICICI Bank and Axis Bank, which saw strong buying interest as investors reacted positively to their quarterly performance. In contrast, HDFC Bank lagged behind, emerging as the biggest loser on the Nifty Private Bank index, despite the overall sectoral rebound.
Analysts noted that the intraday bounce reflects selective buying in well-performing private banks, while profit booking and stock-specific weakness kept some counters like HDFC Bank under pressure. Market participants will continue to monitor quarterly earnings, macro cues, and RBI policy signals for further directional clarity in the banking space.
