Top 5 Losers of Nifty Bank Index on April 7, 2025: Kotak Mahindra Bank Drops Over 4%

Banking stocks witnessed significant declines on April 7, 2025, with the Nifty Bank index registering a sharp drop. The session saw widespread selling across both private and public sector banks, contributing to a notable decline in the index.

Nifty Bank Index Movement on April 7

The Nifty Bank index closed at 49,860.10, down 3.19% from its previous close of 51,502.70, after reaching an intraday high of 50,426.25 and a low of 49,156.95. This sharp drop follows a previous close of 51,502.70 on April 3, 2025.

Over the past 12 months, the index has gained 6.21%, and its one-month gain stands at 6.2%. While it remains above its 52-week low of 46,077.85, the index is trading significantly below its 52-week high of 54,467.35.

Top 5 Nifty Bank Losers

1. Kotak Mahindra Bank

Kotak Mahindra Bank closed at ₹2,044.00, falling ₹87.95 or 4.13% from its previous close of ₹2,131.95. It opened at ₹2,018.70, hit a high of ₹2,083.60, and a low of ₹2,000.80. The trading volume stood at 71,39,049 shares, with a total turnover of ₹1,455.06 crore. The stock is up 10.16% in the last 30 days and 19.43% over the past year.

2. Axis Bank

Axis Bank ended at ₹1,052.00, down ₹39.30 or 3.60% from the previous close of ₹1,091.30. It opened at ₹1,035.00 and moved between ₹1,032.35 and ₹1,069.00 during the session. A total of 97,20,457 shares were traded, amounting to ₹1,017.30 crore in turnover. The stock has risen 5.17% in the last 30 days and 3.04% in the past year.

3. Canara Bank

Canara Bank closed at ₹87.30, a drop of ₹3.09 or 3.42% from its previous close of ₹90.39. The stock opened and hit its low at ₹83.70 while the high was ₹87.92. Trading volume was high at 2,93,26,338 shares, with a turnover of ₹254 crore. Over the past month, it has fallen 6.32% and is down 85.30% over the last year.

4. HDFC Bank

HDFC Bank ended the day at ₹1,760.05, losing ₹57.25 or 3.15% from its previous close of ₹1,817.30. It opened at ₹1,762.80, reached a high of ₹1,779.85, and fell to a low of ₹1,738.20. The total volume was 1,89,97,725 shares with a turnover of ₹3,341.98 crore. The stock is up 7.58% in the last 30 days and 17.28% over the year.

5. ICICI Bank

ICICI Bank closed at ₹1,294.10, down ₹41.20 or 3.09% from its previous close of ₹1,335.30. The stock opened at ₹1,295.25, touched a high of ₹1,325.00, and dipped to a low of ₹1,265.00. It witnessed a volume of 1,91,85,012 shares, generating a turnover of ₹2,475.75 crore. ICICI Bank has gained 9.94% in the past month and 23.25% over the last year.

Index Contribution by Top 5 Losers

5 major banking stocks contributed significantly to the Nifty Bank index’s decline, with each falling over 3%. Kotak Mahindra Bank led the losses among them.

The combined turnover of these 5 banks exceeded ₹8,500 crore, with total volumes crossing 8.4 crore shares. Kotak Mahindra Bank alone recorded a turnover of ₹1,455.06 crore, indicating strong institutional participation in large-cap banking names.

Conclusion

On April 7, 2025, the Nifty Bank index closed lower by 3.19%, with top constituents such as Kotak Mahindra Bank, Axis Bank, Canara Bank, HDFC Bank, and ICICI Bank witnessing intraday declines. The day’s movement contributed to the index drifting further away from its recent highs, while still remaining above its 52-week low.

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