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Informist, Friday, Jun. 20, 2025

MUMBAI – Bank Nifty is expected to maintain its positive momentum next week, analysts said. However, investors will closely track the turmoil between Israel and Iran and any escalation could lead to outflows from the broader market, affecting bank stocks as well, they added. 

"Bank Nifty formed a bull candle with a higher high and higher low and a firm closing above the 56,000 levels. We expect the index to maintain positive bias and head towards 56,700 and 57,400 levels in the coming weeks," Bajaj Securities said in a note. 

The Nifty Bank index rose 1.2% on Friday to close at 56252.85, with all the 12 constituents ending in the green. Canara Bank gained the most, rising 2.2%, while Federal Bank and HDFC Bank closely followed, rising 1.76% and 1.52%, respectively. HDFC Bank will be closely watched due to recent allegations against its Managing Director Sashidhar Jagdishan. 

The Lilavati Kirtilal Mehta Medical Trust filed a first information report against Jagdishan and other officials of the bank in May on an order from a magistrate's court in Bandra after a seized cash diary allegedly showed misappropriation of INR 144.20 million by some of the trustees. According to the first information report filed after an application by the Trust, Jagdishan received INR 20.50 million as bribe to help a group of erstwhile trustees retain illegal control over the trust.

"For Bank Nifty, the higher bottom support is placed at 55,500. Above this, it could bounce back towards 57000-57350. Conversely, if it slips below 56,500, it could decline toward the 50-day SMA or levels of 55,000 and 54,800," Kotak Securities said in its technical view for the index. 

TOP HEADLINES

* Lilavati Trust files INR 10-bln lawsuit against HDFC Bank MD Jagdishan

* Final project finance norms to offer relief to lenders, say brokerages

* NCLT admits NARCL's insolvency plea against Ludhiana Talwandi Toll Roads

* RBI eases lenders' provisioning requirements in final project finance norms

* Crisil acquires minority stake in Online PSB Loans for INR 332.50 mln

* Rising cost, credit risk could offset NBFCs' higher lending yields - Fitch

* SEBI takes note of one-time settlement scheme for venture capital funds

* Bank of Maharashtra signs MoU with SBI Cards for co-branded credit cards

* Sitharaman bats for fintech, digital payment ops in rural areas, MSME lending

* SEBI tweaks norms for REITs, InvITs for ease of doing business

* SEBI allows category I, II AIFs to offer co-investment opportunities

* HDFC Bank MD, CEO Jagdishan moves HC to quash FIR against him

* Sitharaman meets fintech cos Wed, takes stock of ecosystem, source says

* HDFC Bank's chief human resource officer Vinay Razdan resigns

* Bombay HC rejects IL&FS Fin's plea against penalty by Collector of Stamps

* Jio Fincl buys SBI's stake in Jio Payments Bank, makes it wholly-owned arm

* Shriram Finance cuts FD rates by 30-40 bps across tenures, effective Jun 26

* Banks see improvement in submission of returns in Mar, RBI index shows

* Fin min, CBI, PSU Banks discuss ways to expedite probe in bank fraud cases

* SEBI mulls tweaks to investor accreditation framework, seeks views by Jul 8

* Bajaj Finance allots bonus equity shares Tue, total shrs stands at 6.21 bln

* PNB sells entire 20.9% stake in India SME ARC for INR 340.46 mln

* RBI approves reappointment of Sandeep Batra as ICICI Bk's executive director

* PFC Consulting incorporates Saswad Transmission as wholly owned subsidiary

* SBI shareholders approve raising equity capital in FY26

* IIFL Fin appoints RBI former deputy governor Kanungo as independent director

* RBI issues master circular on credit for SC/ST, asks banks to step up loans

* PRESS: NFRA seeks audit files from auditors in IndusInd Bk derivatives probe

* PRESS: SBI cuts savings account rate to 2.5%, fixed deposit rates to drop

* IDFC FIRST Bank sees credit growth rising on RBI rate cuts, liquidity boost

* Sitharaman may chair review meet with PSU bank heads Jun 27, says source

* NFO: Jio BlackRock Mutual Fund seeks SEBI's approval for overnight fund

* Moody's upgrades YES Bank rating to Ba2 from Ba3; changes outlook to stable

* CareEdge sees credit costs rising in FY26 as stress builds in retail loans

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:

End

Reported by Kabir Sharma

Edited by Deepshikha Bhardwaj

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