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Informist, Friday, Jul. 18, 2025

MUMBAI – The next week for the Bank Nifty index is expected to be dictated by a host of earnings of large and small banks, starting with the biggest private sector lender, HDFC Bank, on Saturday that is expected to report a mere 7% increase in its net profit for Apr-Jun. Other major banks like ICICI Bank and YES Bank will also declare their earnings on Saturday. 

The Nifty Bank index closed 1% lower on Friday at 56283, with all its constituents but ICICI Bank and IndusInd Bank ending in the red. Axis Bank shares lost the most after it reported tepid earnings for the June quarter. ICICI Bank ended 0.5% up ahead of its earnings on Saturday. According to the average of estimates from 15 brokerage firms, ICICI Bank is expected to report a 7.5% on-year increase in net profit to INR 118.88 billion.

Axis Bank, which reported dismal earnings for Apr-Jun, saw its shares fall more than 6% to a near-three-month low of INR 1,086, following which brokerages turned cautious on the stock. Nuvama Institutional Equities downgraded the stock to 'hold' from 'buy' and cut its target price by 16% to INR 1,180 due to "repeated volatility in asset quality and growth."

For the week ahead, Shrikant Chouhan, head of equity research, Kotak Securities, said, "Bank Nifty is trading in a range and by closing below 57100 it has lost momentum. Above 57100, it has scope to move towards the ultimate resistance level of 57500/57600. It has support at 56500 and at 56300."

In its technical view for the index, Bajaj Broking said, "Bank Nifty formed a sizeable bear candle, signalling profit booking at higher levels for the second session in a row. The index on Friday's session breached the last 10 sessions' consolidation range 56,500-57,600, signalling extended decline. A follow-through weakness will open further downside towards 55,000 levels. Key short-term term support is placed at 56,000–55,500 region." 

TOP HEADLINES

* Earnings Outlook: AU Small Fin Bank Q1 PAT seen down 2% as NIMs may contract

* Axis Bank board OKs appointment of Neeraj Gambhir as whole-time director

* Earnings Review: Indian Overseas Bank's PAT surges on rise in other income

* Global Finance magazine names SBI as world's best consumer bank for 2025

* Earnings Outlook: ICICI Bk PAT seen up YoY on robust NII, may fall on quarter

* Analyst Concall: Axis Bank sees directionally lower slippage in rest of FY26

* Earnings Outlook:Union Bank may see Apr-Jun PAT rise 17% despite NIM falling

* Analyst Concall: Jio Financial Services looks to increase physical footprint

* Axis Bk Apr-Jun fresh slippage in agri, unsecured books, says management

* Earnings Outlook: L&T Fin PAT seen flat as MFI stress may offset AUM growth

* NCLT admits Union Bank of India's IBC plea against Matoshri Laxmi Sugar

* Earnings Review: Jio Fincl consol PAT up on interest income; expenses rise

* Paytm Cloud Technologies incorporates wholly-owned arm in Saudi Arabia

* Earnings Review: Surge in provisions weighs on Axis Bank's net profit

* Analyst Concall: HDFC AMC gets SEBI nod to set up specialised invest fund

* Earnings Review:Better asset quality lifts South Indian Bk's PAT by 9.5% YoY

* 360 ONE WAM Apr-Jun consol PAT rises 16.8% YoY to INR 2.85 billion

* Earnings Outlook: Low growth, MFI stress may weigh on Bandhan Bank's Q1 PAT

* Earnings Review: HDFC AMC Q1 PAT rises 24% on year, beats Street estimate

* Earnings Outlook: Fall in NIM to drag Yes Bank's PAT down 16% on quarter

* ICICI Prudential MF's shareholding in Max Financial Services falls to 3.82%

* RBI Sankar calls for Unified Lending Interface as default option for loans

* India Ratings assigns 'AA+' rating to Shriram Finance's INR-30-billion NCD

* Angel One Apr-Jun PAT falls 55% on year, revenue declines 20%

* NFO: Jio BlackRock MF seeks SEBI's approval for Nifty Midcap 150 Index Fund

* SEBI proposes new valuation method for gold and silver ETFs, seeks comments

* SBI QIP opens, floor price set at INR 811.05 per share

* NFO:Jio BlackRock MF seeks SEBI's approval for Nifty Smallcap 250 Index Fund

* NFO: Jio BlackRock Mutual Fund seeks SEBI's approval for Nifty 50 Index Fund

* Fitch sees 30 bps fall in FY26 margins of banks as 45% of all loans repriced

* HDFC Bank board to mull special interim dividend, bonus share issue on Sat

* Earnings Outlook: HDFC AMC Q1 PAT seen up 16% YoY on robust equity AUM growth

* Analyst Concall: ICICI Lombard not keen to up market share amid competition

* Earnings Outlook: South Indian Bank Q1 PAT seen dn as credit growth muted

* Earnings Outlook: Fall in NIM, high costs to cap Axis Bank's Q1 PAT growth

* Analyst Concall: Bank of Maharashtra sees industry-leading NIM of 3.75% FY26

* Crisil Ratings assigns 'AAA' rating on Axis Bank's INR 80-bln infra bonds

* Analyst Concall: HDFC Life expects growth to pick up in Oct-Mar

* YES Bank board to mull raising funds via equity, debt on Sat

* Earnings Review: ICICI Lombard beats estimates as net profit jumps 29% YoY

* Earnings Review: HDFC Life PAT up 14% on steady growth in net premium income

* Earnings Review: HDB Fincl Svcs Apr-Jun PAT at INR 5.68 bln, down 2.4% on yr

* SBI seeks SC order review on property attached in National Spot Exchange case

* IRDAI OKs rural, social sector, motor 3rd-party obligations for FY26, FY27

* Earnings Review: ICICI Pru Life Jan-Mar PAT rises 34% YoY, beats estimates

* Kotak Mahindra Bank's Chief Credit Officer Shankar resigns, effective Jul 22

* CNBC-TV18: RBI Malhotra: Effort will be to keep call rate near policy rate

* Bk of Maharashtra aims 17% loan growth FY26; to open 321 branches in 18 mos

* Earnings Review: Rise in interest income pushes Bk of Maharashtra PAT up 23%

* PRESS: SMFG mulling additional $1.1-bln investment in YES Bank

* S&P affirms ICICI Bank's long-term issuer rating at BBB-; outlook positive

* Earnings Review: Rise in interest income pushes Bk of Mahrashtra PAT up 23%

* LIC, AU Small Finance Bank enter bancassurance pact

* Govt appoints R Doraiswamy as LIC CEO, MD for 3 years; takes charge Mon

* Karnataka Bank board appoints Raghavendra Srinivas Bhat as MD, CEO for 3 mos

* India has avenues to diversify exports if US tariff deal not desirable - SBI

* PRESS: Citibank country head says India ops to grow 10% in dlr terms in FY26

* Authum Investment to buy stakes in Kerala Ayurveda, Katra Phytochem

* HUDCO in pact with Madhya Pradesh PSU for INR-1-tln fincl help over 5 years

* NFO: Bandhan MF seeks SEBI approval for BSE India sector leaders index fund

* SBI reduces stake in Tamilnadu Telecommunications by 2% to 7.28%

* RBI fines HDFC Bank INR 488,000 for violation of foreign investment norms

* Data Alert: Bank loans up 9.5% on year as of Jun 27, deposits up 10.1%

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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