Bank Stocks Outlook
Analysts bullish on bks; see Nifty Bank crossing 56000
This story was originally published at 20:24 IST on 23 May 2025
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MUMBAI – Analysts are bullish on banking stocks with the Nifty Bank seen crossing 56000 points next week. Friday, the Nifty Bank closed 0.8% higher at 55398.25, while it rose 0.1% during the week.
"A buy-on-dips strategy is recommended, particularly as PSU (public sector undertaking) banks appear well-positioned for further upside," Brijesh Ail, head technical & derivatives at IDBI Capital Markets & Securities, said. The support for the index is seen at 54,000-53,500.
Notable performers included Bank of Baroda, Federal Bank, IndusInd Bank, AU Small Finance Bank, and Punjab National Bank, which ended 1.5-2.6% higher during the week.
The next big trigger for banking stocks is expected to be GDP data for Jan-Mar and the full year, which will be released on May 30. According to an Informist poll, India's GDP growth is seen rising to a four-quarter high of 6.8% in Jan-Mar from 6.2% in the previous quarter.
TOP HEADLINES
* Financial services bureau invites applications for IFCI deputy MD by Jun 20
* Promoter to support IndusInd Bank with equity if need be, says Ashok Hinduja
* Doing whatever under regulatory ambit in IndusInd Bk case, says SEBI Pandey
* Earnings Review:IndusInd Bk net loss INR 22.36 bln after accounting clean-up
* Analyst Concall: To start FY26 on a clean slate, says IndusInd Bank Chairman
* Govt likely to extend Punjab & Sind Bank, Union Bank chiefs' tenures: Source
* SBI board OKs raising up to $3 bln via senior unsecured notes in FY26
* IndusInd Bank in MoU with govt to offer banking solutions to startups
* RBI releases revised draft directions on regulated cos' investment in AIFs
* Probe agency arrests UCO Bank former MD Goel in INR-62-bln bank fraud case
* PRESS: Govt to soon kick off stake sale in PSUs; to divest 6.5% stake in LIC
* PRESS: RBI to likely appoint additional director on IndusInd Bank board
* RBI fines Deutsche Bank AG, India, YES Bank for non-compliance of norms
* INTERVIEW: Aim 12-13% loan growth in FY26, says South Indian Bank's Seshadri
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 | 696.2 | 1.70 | 706.60 | 681.80 |
| Axis Bank | 1210.10 | 0.10 | 1228.80 | 1178.80 |
| Bank of Baroda | 243.04 | 2.60 | 245.70 | 239.50 |
| Canara Bank | 107.21 | (-)0.50 | 108.80 | 105.60 |
| Federal Bank | 203.43 | 2.20 | 207.30 | 197.90 |
| HDFC Bank | 1933.60 | (-)0.10 | 1950.90 | 1905.90 |
| ICICI Bank | 1449.80 | (-)0.30 | 1462.70 | 1427.90 |
| IDFC FIRST Bank | 67.09 | (-)3.10 | 67.90 | 66.20 |
| IndusInd Bank | 793.40 | 1.70 | 811.90 | 768.10 |
| Kotak Mahindra Bank | 2100.80 | (-)0.40 | 2135.50 | 2048.50 |
| Punjab National Bank | 100.38 | 1.50 | 101.60 | 99.00 |
| State Bank of India | 790.50 | (-)0.20 | 799.30 | 781.80 |
| Nifty Bank | 55398.25 | 0.10 | 55818.20 | 54644.60 |
| Nifty 50 | 24853.15 | (-)0.70 | 25087.10 | 24497.10 |
| S&P BSE Sensex | 81721.08 | (-)0.70 | 82515.90 | 80499.60 |
End
Reported by Kshipra Petkar
Edited by Saji George Titus
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