Bank Stocks Outlook
Nifty Bank to remain range-bound next week
This story was originally published at 21:32 IST on 25 April 2025
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MUMBAI – Analysts expect Nifty Bank to remain range-bound next week. Nifty Bank has been an outperformer, with the index rising 6.0% so far this month compared with the 2.2% rise in the Nifty 50.
Some analysts expect 55000 points to be a trend decider for Nifty Bank's movement in the short term. "For the Bank Nifty, 55,000 will be the trend-decider level for short-term traders. Below this level, it could retest the 54000-53700 range. On the flip side, if it moves above 55000, sentiment could improve, increasing the chances of reaching 55800-56000," Amol Athawale, vice-president technical research at Kotak Securities, said in a note.
Nifty Bank was an outperformer for six consecutive sessions till Tuesday. On Friday, apart from ICICI Bank and IndusInd Bank, all other banks under the Nifty Bank closed in the red. The index closed nearly 1% lower at 54664.05 points. During the week, the index was up 0.7%.
Analysts said that stocks in the near to medium term will continue to react to Jan-Mar results, management commentary, and developments on the tariff war and India-Pakistan tensions.
TOP HEADLINES
* Earnings Review: Axis Bank's PAT for Jan-Mar tad dn on yr as provisions rise
* See margins of Indian bks down as RBI starts rate cut cycle - S&P Global arm
* RBI's revised LCR norms gives breather to banking sector, brokerages say
* ICICI Bank will remain nimble to combat US tariff impact on long-term growth
* HDFC Bank aims to keep NIM range-bound; sees CD ratio at 85%-90% by FY26 end
* Earnings Review: ICICI Bank PAT up 18% on income growth, fall in provisions
* YES Bank MD Kumar expects deposits to grow faster than advances in FY26
* Data Alert: Bank loans up 11.0% on year as of Apr 4, deposits rise 10.1%
* IndusInd Bank appoints Chief Accountant Santosh Kumar as deputy CFO
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 | 675.15 | 15.10 | 691.50 | 654.30 |
| Axis Bank | 1166.30 | (-)2.10 | 1198.00 | 1130.20 |
| Bank of Baroda | 246.79 | 1.60 | 257.30 | 239.80 |
| Canara Bank | 96.53 | 0.50 | 101.10 | 93.70 |
| Federal Bank | 196.49 | 0.80 | 206.00 | 190.30 |
| HDFC Bank | 1911.20 | 0.20 | 1953.20 | 1870.80 |
| ICICI Bank | 1404.80 | (-)0.10 | 1429.10 | 1376.30 |
| IDFC FIRST Bank | 66.08 | 4.90 | 68.90 | 64.30 |
| IndusInd Bank | 822.35 | 3.50 | 841.20 | 797.90 |
| Kotak Mahindra Bank | 2204.40 | 0.70 | 2260.50 | 2150.10 |
| Punjab National Bank | 99.29 | (-)0.20 | 105.30 | 95.50 |
| State Bank of India | 798.65 | 0.20 | 833.60 | 769.60 |
| Nifty Bank | 54664.05 | 0.70 | 55904.50 | 53556.30 |
| Nifty 50 | 24039.35 | 0.80 | 24601.80 | 23566.60 |
| S&P BSE Sensex | 79212.53 | 0.80 | 80841.20 | 77791.50 |
End
Reported by Kshipra Petkar
Edited by Saji George Titus
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