Bank Stocks Outlook
Analysts positive on Nifty Bank; see it at 56000 points
This story was originally published at 20:36 IST on 16 May 2025
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MUMBAI – Analysts are bullish on the Nifty Bank and see the index test the 55500 level next week. The index Friday closed flat at 55354.90 points, but rose 3.3% for the week.
If the index is able to maintain the 55500 level, then it may touch 56000–56100 points, Hrishikesh Yedve, senior technical analyst at Asit C. Mehta Investment Interrmediates, said in a note. He expects support for the index at 54440 points.
Apart from IndusInd Bank, most banks have announced their results for the quarter ended March. According to a report by S&P Global Market Intelligence, Indian banks are set to benefit from an expected uptick in credit growth after posting solid results for the year ended March as liquidity conditions improve and interest rates fall. "Loan growth at the banks is expected to recover after slowing in the year ended Mar. 31, providing a potential boost to bank profits," it said.
As per data released by the Reserve Bank of India on Friday, the loan growth of banks was 9.9% on year as on May 2 and the deposit growth was 10% on year. Private sector banks are also better placed to capture growing retail demand, giving them a strong edge over public lenders, the S&P Global report said.
On Wednesday, the RBI has called some banks for a meeting to discuss changes to the central bank's liquidity management framework, treasury officials told Informist. This would be the second formal meeting with banks on the framework.
TOP HEADLINES
* Indian banks to benefit from likely uptick in loan growth, says S&P Global
* YES Bank board to see changes after Japan's SMBC acquires 20% stake
* Earnings Review: Muthoot Finance Jan-Mar PAT shines as gold loans surge
* Sumitomo Mitsui Banking investment in YES Bank credit-positive, says Moody's
* Moody's downgrades IndusInd Bank standalone credit strength to ba2 from ba1
* Japan's SMBC to acquire SBI's 13.19% stake in YES Bk, 6.81% from other banks
* Union Bank may recalibrate FY26 guidance amid rate cut expectations, says MD
* Bank of Maharashtra gets licence to set up IFSC banking unit at GIFT City
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 | 684.85 | (-)0.30 | 697.70 | 676.60 |
| Axis Bank | 1208.80 | 5.00 | 1218.50 | 1198.30 |
| Bank of Baroda | 236.92 | 7.70 | 239.80 | 233.40 |
| Canara Bank | 107.76 | 10.40 | 110.40 | 104.20 |
| Federal Bank | 199.03 | 6.20 | 203.00 | 196.10 |
| HDFC Bank | 1934.70 | 2.40 | 1951.00 | 1920.20 |
| ICICI Bank | 1454.00 | 4.70 | 1464.90 | 1441.50 |
| IDFC FIRST Bank | 69.26 | 4.60 | 70.60 | 68.40 |
| IndusInd Bank | 780.20 | (-)4.60 | 807.40 | 736.40 |
| Kotak Mahindra Bank | 2108.20 | 0.20 | 2129.20 | 2079.60 |
| Punjab National Bank | 98.91 | 7.60 | 100.00 | 98.00 |
| State Bank of India | 792.10 | 1.70 | 808.70 | 782.70 |
| Nifty Bank | 55354.90 | 3.30 | 55563.30 | 55066.00 |
| Nifty 50 | 25019.80 | 4.20 | 25131.20 | 24897.30 |
| S&P BSE Sensex | 82330.59 | 3.60 | 82698.60 | 81962.90 |
End
Reported by Kshipra Petkar
Edited by Ashish Shirke
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