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Informist, Friday, Sept. 19, 2025

MUMBAI – The Nifty Bank index is expected to sustain near current levels next week as market participants await cues on India-US trade negotiations to decide their next move, analysts said. "Progress in US-India trade negotiations and improved global liquidity continue to underpin sentiment. Going forward, investors will closely track key US macro indicators – including GDP, jobless claims and core inflation – for cues on the Fed's policy trajectory," an analyst at a mid-sized brokerage firm said.  

The sectoral index rose 1.1% during the week and closed at 55,458.85 points Friday, with its constituents ending mixed. Punjab National Bank was the top gainer on Friday, rising 1.3%, while ICICI Bank led the losers and was down 1.4%.

In its technical view, Bajaj Broking said, "...the index is seen sustaining above the short and medium term moving averages. We expect the index to maintain positive bias and head higher towards 56,000-56150 levels in the coming sessions, being the 61.8% retracement of the entire decline (57628-53561). A follow through strength above 56,150 will open upside towards the 57,000 levels in the coming weeks. On the downside, immediate support is placed at 54,800 levels. While key support is placed at 54000 levels being the confluence of the last week's low and key retracement of the current pullback." 

TOP HEADLINES

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* SBI sells 13.19% shr in YES Bk to Sumitomo Mitsui Banking for INR 88.89 bln

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* Govt extends Canara Bank ED Hardeep Singh Ahluwalia's tenure till June 2027

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* NFO: Motilal Oswal Mutual Fund to launch Nifty 100 ETF

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* Govt extends Bank of India ED Subrat Kumar's tenure by another 3 years

* IPO Alert: Groww files updated DRHP with SEBI for INR-10.6-bln fresh issue

* NFO: Motilal Oswal Mutual Fund to launch Motilal Oswal Nifty MNC ETF

* One 97 Comm launches UPI-based credit line pdt with Suryoday Small Fin Bank

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* Govt extends term of Bank of Baroda ED Lalit Tyagi by three years

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* Govt extends tenure of Union Bank ED Ranjan by 3 years till March 2029

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* Govt extends tenure of Punjab National Bank ED Paramasivam till March 2027

* Govt extends Indian Overseas Bank ED Joydeep Dutta Roy's tenure till 2028

* Govt extends Central Bank of India ED Murali Krishna's tenure till Jul 2027

* Govt extends UCO Bank ED Rajendra Kumar Saboo's tenure for 3 years

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* Canara HSBC Life gets SEBI observation to file updated IPO papers

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* ICICI Bank gets RBI nod to raise stake in asset management arm by 2%

* Fin min tells PSU banks to seriously work on CASA ratio, ramp up agri credit

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* Silver ETF inflows dn in Aug on profit booking, gold ETF flows at 7-mo high

* NCLT approves MBL Infra's resolution plan for MBL (MP) Toll Road Co

* ICICI Pru board OKs issuance of NCDs up to INR 12 bln via private placement

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:

End

Reported by Kabir Sharma

Edited by Avishek Dutta

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