Bank Stocks Outlook
Analysts bullish on Nifty Bank; earnings in focus
This story was originally published at 20:11 IST on 11 April 2025
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MUMBAI – Analysts are bullish on Bank Nifty next week and see the index touching the highs of 52,000 points. "Bank Nifty has closed with a bullish candle, indicating positive movement ahead of the Q4 (Jan-Mar) results announcement," said Brijesh Ail, head technical and derivatives at IDBI Capital Markets & Securities Ltd.
Markets will be shut on Monday and Apr. 18 on account of Dr. Babasaheb Ambedkar Jayanti and Good Friday, respectively. On Friday, the index closed 1.5% higher at 51002.35 points, on the National Stock Exchange. During the week, the index was down 0.97%. Analysts see the support for the index to be at 49,500-49,000.
HDFC Bank and ICICI Bank will announce their Jan-Mar earnings on Apr. 19. According to average of 13 estimates by brokerage firms, HDFC Bank's net profit is expected to rise 3.5% on year to INR 170.86 billion and the net interest income is seen rising 7.8% on year to INR 313.40 billion. ICICI Bank's bottom line is expected to rise 9.6% on year to INR 117.33 billion. On a sequential basis, it is seen falling 0.5%. Net interest income is also seen rising 9.1% on year to INR 208.20 billion.
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Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:
| Company | Price | Week-on-Week Change in % | Resistance | Support |
| AU Small Finance Bank | 557.1 | 0.90 | 571.60 | 543.60 |
| Axis Bank | 1068.95 | (-)2.10 | 1081.60 | 1051.30 |
| Bank of Baroda | 232.50 | (-)0.80 | 236.50 | 228.50 |
| Canara Bank | 90.54 | 0.20 | 92.80 | 87.70 |
| Federal Bank | 190.44 | (-)2.30 | 194.30 | 187.70 |
| HDFC Bank | 1806.75 | (-)0.60 | 1845.00 | 1755.70 |
| ICICI Bank | 1311.65 | (-)1.80 | 1333.80 | 1294.00 |
| IDFC FIRST Bank | 59.92 | 3.70 | 61.00 | 58.80 |
| IndusInd Bank | 689.50 | 1.10 | 704.80 | 667.80 |
| Kotak Mahindra Bank | 2111.20 | (-)1.00 | 2184.10 | 2022.10 |
| Punjab National Bank | 96.08 | (-)0.60 | 98.00 | 95.00 |
| State Bank of India | 753.85 | (-)1.80 | 766.90 | 739.50 |
| Nifty Bank | 51002.35 | (-)1.00 | 51571.00 | 50349.80 |
| Nifty 50 | 22828.55 | (-)0.30 | 23044.50 | 22587.50 |
| S&P BSE Sensex | 75157.26 | (-)0.30 | 75833.60 | 74424.70 |
End
Reported by Kshipra Petkar
Edited by Akul Nishant Akhoury
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