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Informist, Friday, Sept. 12, 2025

 

MUMBAI –  The Nifty Bank is expected to continue its upward momentum next week on the back of positive cues globally, analysts said. The rationalisation of goods and services tax, which is expected to boost automobile and consumption loans, is also supporting the market, they said.   

 

The sectoral index rose 1.3% during the week and closed at 54,809.30 points Friday, with most of its constituents ending in positive territory. Axis Bank was the top gainer on Friday, rising 1.7%, while Federal Bank led the losers and was down 1.2%. 

 

"Globally, a 25-bps Fed rate cut is widely expected following weak US jobs data. Further, interest rate decisions from the Bank of England and Bank of Japan will also be closely tracked for their implications on global liquidity and risk sentiment. Overall, the near-term market outlook remains constructive, albeit with potential volatility around central bank events, while progress in India–US trade negotiations could provide an additional boost to investor confidence," Siddhartha Khemka - head of research, wealth management, Motilal Oswal Financial Services Ltd. said. 

 

On the weekly charts, the Bank Nifty has formed a bull candle with a higher high and higher low signalling extension of the pullback for the second week in a row. In the last two weeks, the index has seen a pullback from the 200-day EMA. Following a phase of consolidation around this crucial moving average, the index has absorbed selling pressure and is now positioning itself for the next leg of its upmove. The index faces immediate resistance at 55000 levels, a move above which will open further upside towards 55,800 levels in the coming weeks. Immediate support is seen at 54,000 levels, and holding above this will keep the bias positive.

 

TOP HEADLINES

* FSIB recommends Ravi Ranjan for position of MD at SBI
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* NCLT approves merger of Piramal Finance with Piramal Enterprises
* Govt, top bks, NBFCs form panel to boost credit to infra sector, sources say
* Bajaj Holdings & Investment to meet Tue to mull interim dividend for FY26
* Muthoot Finance arm completes allotment of shrs to parent co for INR 2 bln
* Rail Vikas Nigam lowest bidder for INR 1.69-bln West Central Railway project
* ICRA sees GST rationalisation boosting credit growth of banks, NBFCs
* Fin min to meet large banks, NBFCs Thu on financing infra projects - sources
* AU Small Finance Bank CFO Vimal Jain passes away due to cardiac arrest
* SEBI recognises accredited investors under AIF in capital, disclosure norms
* RBI OKs YES Bank board rejig, Sumitomo Mitsui to nominate 2 directors, SBI 1
* Govt, RBI steps should give cos confidence on demand, capex, says SBI Setty
* SEBI permits AIFs to offer co-investment facility via special scheme
* Data Alert: Non-life insurance cos' gross premiums rise 1.6% on year in Aug
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* Jio Fincl forms JV with Allianz Europe, to make INR-250,000 initial invest
* NFO: Motilal Oswal Mutual Fund to launch Motilal Oswal Consumption Fund
* CreditAccess Grameen says George Joseph ceases to be chairman from Monday
* Govt extends Indian Overseas Bank MD, CEO Srivastava's tenure till Oct 2027
* HUDCO signs MoU with Nagpur Metropolitan Region Development Authority
* Promoter WestBridge sells entire 16.2% stake in Aptus Value Housing
* Ujjivan Small Fin Bk hopeful RBI will decide on commercial bk licence by Dec
* Global gold ETFs see inflows for third straight month in August, says WGC
* TV: GST reform to offset econ impact from 50% US tariffs, says Sitharaman

 

Following are the resistance and support levels for key bank stocks for next week as per calculations based on their prices on the National Stock Exchange:

 

Company	Price	Week-on-Week Change in %	Resistance	Support
AU Small Finance Bank	706.65	1.80	722.70	697.80
Axis Bank	1105.30	4.70	1121.10	1080.50
Bank of Baroda	237.48	1.40	241.20	233.70
Canara Bank	110.96	3.60	113.60	109.40
Federal Bank	194.36	2.00	198.10	192.00
HDFC Bank	967.30	0.40	975.30	958.30
ICICI Bank	1417.70	1.10	1432.10	1392.90
IDFC FIRST Bank	72.04	(-)0.80	73.10	71.40
IndusInd Bank	740.50	(-)2.20	759.80	729.60
Kotak Mahindra Bank	1972.30	1.40	1993.40	1955.40
Punjab National Bank	107.31	3.40	108.70	106.40
State Bank of India	823.55	2.10	829.10	817.10
Nifty Bank	54809.30	1.30	55019.20	54475.40
Nifty 50	25114.00	1.50	25198.60	24995.80
S&P BSE Sensex	81904.70	1.50	82197.80	81494.80

 

End

 

Reported by Kabir Sharma

Edited by Avishek Dutta

 

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