Bank stocks depreciate forcing Sensex and Nifty to pause; HDFC Bank noted

On 24 October 2025, Indian benchmark indices ended lower as banking stocks weighed heavily: the Nifty Bank index slid ~0.7% and large private lenders bore the brunt. Profit-booking in banks after a strong run and concerns over rising rates and asset-quality risks led to the drag. With the broader market already extended, investors paused ahead of global cues and macro-data. The rotation away from banks into commodity and value sectors was visible as metal and oil-gas indices rose while main banking names under-performed.