Archive · 6 Jan 2026
Nifty Bank Dips 400 Points from High
On January 6, 2026, the Nifty Bank index dropped by 400 points from its highest point but managed to stay above the 60,000 mark.
This happened because of worries about HDFC Bank's performance, which also affected other banks.
Kotak Mahindra Bank and Axis Bank reported good growth in their loans, but IndusInd Bank saw a decrease.
Dabur India expects its revenue to grow slowly.
Analysts think the market is at an important support level, and they are watching to see if it will go up or down.
The overall feeling in the market is still positive, but there are some concerns about geopolitical issues and the economy.
Nifty Bank index dropped by 400 points from its high but closed above 60,000.
Concerns over HDFC Bank's performance impacted the Nifty Bank index.
Kotak Mahindra Bank reported a 16% YoY growth in net advances.
Axis Bank's gross advances grew by 14.1% YoY.
IndusInd Bank saw a 13.1% YoY decline in net advances.
- Who
- Nifty Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Dabur India
- What
- Nifty Bank dipped 400 points from its high but closed above 60,000; various banks reported quarterly updates.
- When
- January 6, 2026
- Where
- Indian stock market
- Why
- Concerns over HDFC Bank's performance and mixed global cues impacted market sentiment.
Analysts
Market Sentiment
Market Outlook
Analysts
Analysts believe the Nifty and Nifty Bank are at crucial supports, having broken out from previous ranges.
Market Sentiment
Market sentiment remains positive, with the Nifty 50 sustaining above 26,200 levels and the Bank Nifty maintaining a positive bias.
- Nifty 50
- 26,250.30
- BSE Sensex
- 85,439.62
- Bank Nifty
- 60,044
- Nifty 50 Support
- 26,200
- Bank Nifty Support
- 59,700–59,800
- Nifty 50 Resistance
- 26,400–26,450
- Bank Nifty Resistance
- 60,300–60,400
- HDFC Bank Loan Growth
- 11.9% YoY
- Kotak Mahindra Bank Advances
- 16% YoY
- Axis Bank Advances
- 14.1% YoY
- IndusInd Bank Advances
- -13.1% YoY
- Dabur India Revenue Growth
- Mid-single-digit percentage
Sources
Trade Setup for January 6: HDFC Bank concerns to keep a lid on Nifty upside on weekly expiry?
Sensex Today | Stock Market LIVE Updates: Nifty aims to defend 26,200 support on weekly expiry amidst Q3 updates
Buy or sell: Vaishali Parekh recommends three intraday stocks for today — 6 January 2026
Top stocks in news: Kotak Bank, Adani Ports, ONGC, Trent, IndusInd Bank, IEX, Dabur, NBCC
From HDFC Bank, Kotak Mahindra Bank, Dabur India, to ONGC – Here are 10 stocks to watch
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 6 January 2026
Nifty Bank Prediction Today – January 6, 2026: Nifty Bank futures: Bulls retain traction