Bank of India Share Price Falls: Why BANKINDIA is Down Today

Market Data: 28 Sep 2026 • 10:25 AM IST
Status: Automated market-move research draft
BANK OF INDIA
BANKINDIA • NSE • F&O Stock
-3.52%

BANK OF INDIA traded at ₹133.08, -3.52% versus the previous close of ₹137.94. Latest market data: 28 Sep 2026 • 10:25 AM IST.

Key Takeaways
  • The stock is -3.52% at ₹133.08.
  • Likely reason: broad market weakness and ongoing technical correction
  • Approximate traded value is ₹30.44 crore.
  • It is -25.39% from its 52-week high and +14.47% from its 52-week low.
  • The stock is being compared with Nifty Financial Services alongside the Nifty 50.

BANK OF INDIA Share Price Today – Market Snapshot

Symbol
BANKINDIA
Date & Time
28 Sep 2026 • 10:25 AM IST
Change
-3.52%
Previous Close
₹137.94
Open
₹137.25
Day High
₹137.25
Day Low
₹133.02
Price / Close
₹133.08
Volume
2,286,994
52-Week Range
₹116.26 – ₹178.36

Why Is BANK OF INDIA Share Price Falling Today?

Bank of India (BANKINDIA) traded down 3.52% at ₹133.08 during the session, moving near the lower end of its intraday range between ₹133.02 and ₹137.25. Trading volume remained subdued at approximately 2.29 million shares, representing around 80% of its 5-day average volume, suggesting the downward pressure occurred without heavy volume backing.

The stock's decline aligned with broader market weakness, as the Nifty fell 1.30%. Bank of India has experienced sustained downward momentum recently, posting a 5-day return of -4.02% and a 20-day return of -6.02% as it corrects further from its 52-week high of ₹178.36.

The ongoing price decline lacks a single confirmed, immediate news catalyst for today's specific drop. Recent operational updates include the bank scheduling non-deal roadshows for fund-raising through its EMTN program and routine board appointments, which serve as background context rather than direct drivers of today's market move.

Likely Reason for Today’s Move

low confidence

broad market weakness and ongoing technical correction
The downward move appears largely driven by general market weakness matching the broader benchmark decline, combined with prevailing negative momentum following recent weeks of underperformance.
  • Nifty fell by 1.30% during the session
  • 5-day return stands at -4.02% and 20-day return at -6.02%
  • Volume was below average at 0.8x of the 5-day norm
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Performance Context

TODAY
-3.52%
5 DAYS
-4.02%
20 DAYS
-6.02%
VS 52W HIGH
-25.39%
FROM 52W LOW
+14.47%

Cash-Market Activity

Latest NSE EOD report: 2026-09-27
Today’s Volume 2,286,994
5-Day Avg. Volume 2,871,489
20-Day Avg. Volume 4,213,660
Volume vs 20-Day Avg. 0.54x
Delivery Quantity 634,230
Delivery % 39.89%
Number of Trades 12,493

Derivative-Market Activity

NSE F&O EOD report: 2026-09-25 • Expiry: 2026-09-29
Near-Month Futures ₹137.71
Cash Reference ₹137.94
Premium / Discount ₹-0.23 (-0.17%)
Change in Premium ₹-0.05
Futures Volume 3,809
Volume vs Previous Session 1.31x
Open Interest 34,278,400
OI vs Previous Session 0.66x

Ownership & Transaction Activity

Promoter Pledge / Encumbrance

-President — Listing Department, BSE Ltd., 25, P.J. Towers, Dalal Street, Mumbai 400 001. atT,F, D WI noi Bank of India Ref. No.: HO:IRC:SVM:2025-26:02 Date:01.04.2026 1:1-6Th&zr/J-16-i4L11 Dear Sir/Madam, Compliance of Regulation 31 (4) and 31 (5) of SEBI SAST Regulations- 2011 In Compliance of Regulation 31 (4) and 31 (5) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011, it is submitted that the promoter of the Bank is 'President of India'. The Bank, on behalf of its promoter, declares that the 'promoter along with persons acting in concert' has not made any encumbrance, directly or indirectly, during the financial year 2025-26. We request you to take the above on record. Thanking you, 1-1q-44 Yours faithfully, tr. (Usha Ramsinghani) *Eft Tif -4 Company Secretary Classification: Public TCR ct)icl kich Ii4t1 f41-1T7T, affedf 44 -d, 45,1 –Tw, aiqr.ff cliqf d, 1j4 – 400 051 Head Office: Investor Relations Cell, Star House – I, 8th Floor, C-5, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Ph.: (022) 6668 4490 : Fax: (022) 6668 4491 Email: headoffice.share@bankofindia.co.in

Source: NSE corporate filing

Recent Ownership / Shareholding Disclosure

The promoter, the President of India, submitted required compliance filings confirming that no encumbrances or pledges were created on promoter shares during the financial year.
  • Promoter: President of India
  • Compliance under Regulation 31(4) and 31(5) of SEBI SAST Regulations confirmed zero encumbrances for FY 2025-26

Source: NSE corporate disclosure. Only factual ownership/shareholding details extracted from the filing are shown.

Recent Brokerage Views

Brokerage
UBS

View
Buy

Target
₹1,000

Date
18 Sep 2026

Key rationale / reported context: UBS Retains 'Buy' For HDFC Bank Stock, Sees Re-Rating After CEO Uncertainty Eases; Target Price At Rs 1,000 NDTV Profit

Brokerage
HSBC

View
Hold

Target
Not stated

Date
01 Sep 2026

Key rationale / reported context: HDFC Bank Downgraded To Hold By HSBC; Says Stock Needs Meaningful Reversal In Growth, Margins — Check Target Price NDTV Profit

Brokerage
Jefferies

View
Buy

Target
Not stated

Date
31 Aug 2026

Key rationale / reported context: Jefferies cuts HDFC Bank share price target but retains Buy after CEO opts out of new term.

Brokerage
Goldman Sachs

View
Buy

Target
Not stated

Date
21 Aug 2026

Key rationale / reported context: Sell YES Bank, PNB shares; buy HDFC Bank, ICICI Bank stocks, says Goldman Sachs Business Today

Brokerage
Prabhudas Lilladher

View
Buy

Target
₹1,200

Date
10 Aug 2026

Key rationale / reported context: Buy State Bank of India; target of Rs 1200: Prabhudas Lilladher Moneycontrol.com

Brokerage views are third-party opinions and are not WittyTrades recommendations.

Recent Bulk / Block Deal Activity

Type Date Party Side Qty Price Value
Bulk 25 Sep, 2026 ICICI BANK LIMITED Sell 108000 8.97 ₹0.10 Cr

Interpretation: Large institutional transactions can affect liquidity and short-term price behaviour, but should not be read on their own as a directional signal.

WittyTrades Data Insight

Price Position: The stock is near the lower end of the day’s trading range.

Move From Open: -3.04%.

Intraday Range: 3.07% of the previous close.

5-Day Performance: -4.02%; 20-Day Performance: -6.02%.

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Latest Company Developments

EMTN Program Non-Deal Roadshow
04-Sep-2026
Bank of India announced the schedule for non-deal roadshows aimed at potential fund-raising activities through its Euro Medium Term Note (EMTN) program. These engagements are designed to connect with international institutional investors and discuss the bank's capital plans. While it outlines future funding avenues, it does not have an immediate impact on day-to-day share price movements.
Why it matters: It signals the bank's proactive approach to tapping overseas debt markets for capital requirements.

CFO and Board Management Updates
14-Aug-2026
The bank announced the appointment of Shri Vineet Srivastava as the Chief Financial Officer, effective August 14, 2026. Additionally, Shri Raj Kumar Sharma was appointed as a part-time non-official director earlier in the month. These leadership updates form part of ongoing corporate governance and administrative continuity.
Why it matters: Management and board changes matter for long-term execution and governance, though they do not directly explain short-term price fluctuations.

Relative Performance

BANK OF INDIA -3.52%
Nifty 50 -1.30%
Nifty Financial Services N/A
Vs Nifty 50 -2.22%
Vs Sector N/A

Technical Context

Price ₹133.08
Day High / Low ₹137.25 / ₹133.02
52-Week High ₹178.36
52-Week Low ₹116.26
5-Day Return -4.02%
20-Day Return -6.02%

What Should Traders and Investors Watch Next?

  • Volume recovery and buying interest near the crucial support levels around ₹130-133
  • Progress on the planned fund-raising through the EMTN program roadshows
  • Derivatives positioning and open interest trends heading into expiry
  • Broader public sector bank (PSU Bank) sector sentiment and Nifty trend alignment
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Catalyst note: No single confirmed company-specific news event drove today's decline, which reflects broader market weakness and continuation of a recent downward trend.

Frequently Asked Questions

What is the likely reason for today’s move?

The downward move appears largely driven by general market weakness matching the broader benchmark decline, combined with prevailing negative momentum following recent weeks of underperformance.

Is trading volume elevated?

Today’s volume is 2,286,994. The latest 20-day average available is 4,213,660, equivalent to about 0.54x of the recent average.

What does the derivatives market show?

The latest official NSE F&O report is summarised in the Derivative-Market Activity box above.

Before acting on this stock

Consult your own investment adviser before acting on any security. If you are interested in stock research or other available research categories, review the WittyTrades subscription plans and research segments.

Source & methodology:
Market data, exchange filings, company disclosures and reputable business-media reports are collected automatically and summarised for investor context. Material facts are cross-checked where possible; price data may be delayed and a cited development should not be assumed to be the sole cause of a market move unless the evidence supports that conclusion.

Article by: WittyTrades Research Desk

Disclaimer:
Investments in securities markets are subject to market risks. Read all related documents carefully before investing.
Registration granted by SEBI, membership of a supervisory body and certification from NISM do not guarantee performance of the intermediary or provide any assurance of returns to investors.
This article is intended for informational and educational purposes and should not be treated as personalised investment advice or a recommendation to buy, sell or hold any security.
Market data may be delayed and readers should independently verify current prices and disclosures before taking investment decisions.

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