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Informist, Friday, Oct. 17, 2025

MUMBAI – The Nifty Bank may continue its upward momentum next week as festive cheer is expected to lift the mood of the market, analysts said. The index will also be driven by earnings of index heavyweights on Saturday. "Next week, Indian markets would be in a festive mood amid a truncated trading week on account of Diwali. Overall, we expect market to continue its up-move, supported by healthy Q2 (Jul-Sept) earnings so far, robust festive demand, optimism over a potential India–US trade deal and renewed FII (foreign institutional investors) buying in recent sessions," Siddhartha Khemka - head of research, wealth management, Motilal Oswal Financial Services Ltd. said. 

The Nifty Bank hit a new all-time high of 57,828 this week, marking a 10,000-point rally from its March 2025 lows, supported by stable credit growth expectations and improving asset quality. The sectoral index rose 2.0% this week and closed at 57713.35 points Friday, with most of its constituents ending with gains. IndusInd Bank was the top gainer on Friday. The stock rose 1.6%. On other hand, Punjab National Bank fell the most and was down 2.1%. Both banks are scheduled to declare their earnings for the September quarter on Saturday. 

Among the Nifty 50 banks, HDFC Bank and ICICI Bank will announce their earnings on Saturday. HDFC Bank, the largest private sector lender, is expected to report a 4.1% rise in net profit for the September quarter at INR 175.11 billion. ICICI Bank is expected to report a 4.8% rise in net profit for the September quarter at INR 123.15 billion, according to analysts' estimates. 

In its technical view, Bajaj Broking Research said, "Bank Nifty formed a strong bull candle with a higher high and higher low signaling strength. Index in the process rallied to a fresh all-time high. Going ahead bias remain positive and index to head towards 58,500 and 59000 levels in the coming sessions, with immediate support placed at 57000-56700 levels being the recent low and recent gap area."

TOP HEADLINES

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* Earnings Outlook: Poonawalla Fincorp to report profit in Q2 vs loss year ago

* IndusInd Bank clarifies INR-2.55-bln accounting lapse already disclosed

* Earnings Outlook: IDFC FIRST Bank PAT likely to surge YoY, shrink on quarter

* Earnings Outlook: Shift to new tax regime likely to support PNB Jul-Sept PAT

* RBI OKs reappointment of Ramachandran as Suryoday Small Fin chief for 3 yrs

* Analyst Concall: Jio Fincl implementing go-to-market plan for BlackRock JVs

* IPO Alert: Canara HSBC Life to list Fri; issue price set at INR 106

* Fitch ups outlook on IIFL Finance to positive; affirms rating at 'B+'

* Earnings Review: PNB Gilts posts net loss as MPC holds rates, bond ylds rise

* Earnings Review:Jio Fincl PAT little changed; expenses offset interest income

* Central Bank, Godrej Housing Fin to offer housing loans at competitive rates

* Earnings Concall: Jio Fincl implementing go-to-market plan for BlackRock JVs

* Choice Intl Jul-Sept consol PAT rises 21.6% YoY to INR 564.63 million

* Godrej Ind invests over INR 4 bln in Godrej Capital, up stake to over 91%

* Earnings Outlook: DCB Bank Q2 PAT seen tad down despite healthy loan growth

* Analyst Concall: Indian Bk hopes to adjust to RBI's draft ECL norms in 1 yr

* Earnings Review: Punjab & Sind Bank's PAT surges on rise in interest income

* PNB Gilts posts INR 453.53 million loss in Jul-Sept vs PAT year ago

* Authum Investment to issue pref shares worth INR 24.5 bln to promoter co

* Sammaan Capital raises $450 mln via 5-year social bonds at 7.50%

* LIC Housing Fin appoints Doraiswamy Ramachandran as chairman effective Thu

* IPO Alert: Canara Robeco AMC ends 13% higher than issue price on listing day

* Will maintain global NIM at 3.20-3.25%, says Indian Overseas Bank

* Earnings Review: South Indian Bank Sept PAT up only 8% on soft NII growth

* Earnings Review: Indian Overseas Bk Q2 PAT up 58% YoY on lower provisions

* Earnings Review:Indian Bk PAT beats view with biggest ever fall in provision

* Earnings Outlook: HDFC Bank may top industry trend on upbeat business growth

* Analyst Concall: L&T Fin says aiming to bring down credit cost to around 2%

* Earnings Outlook: ICICI Bank Q2 PAT seen slightly up, bucking industry trend

* Analyst Concall: IRFC expects disbursement of INR 100 bln-INR 150 bln in Q3

* Earnings Outlook: Loans grow 15.5%, yet Karur Vysya Bk PAT seen only tad up

* RBL Bank to Sat mull raising funds via issuance of eligible securities

* PRESS: Silver shortage, high premium hit jewellers in Mumbai's Zaveri Bazaar

* Earnings Review: L&T Fin Q2 consol PAT up 5.6% on year, meets Street view

* Analyst Concall: Axis Bank sees NIM bottoming out in Q3 sans more rate cuts

* IPO Alert: Canara Robeco AMC listing Thu; issue price set at INR 266

* Earnings Review: L&T Fin Q2 consol PAT up 5.6% on-year, meets Street view

* Analyst Concall: HDFC Life sees GST cut impact being neutralised by FY26-end

* Earnings Outlook: REC Q2 PAT seen up 9% on steady loan growth, NII boost

* Angel One Jul-Sept consol PAT falls 50% YoY, sales fall 21%

* Earnings Review: HDB Fincl Svcs Jul-Sept PAT at INR 5.81 bln, dn 2% on year

* Analyst Concall:HDFC AMC sees 12-15% rise in operating spend on yearly basis

* Not seeing impact of US tariffs on asset quality so far, Axis Bank says

* Earnings Review: HDFC Life posts sluggish PAT growth as invest income slumps

* Earnings Review: Axis Bank's net profit down 26% YoY on surge in provisions

* Earnings Outlook: Indian Bank Q2 PAT seen up; provisions to fall for 8th qtr

* HDB Financial Jul-Sept PAT falls 1.6% YoY to INR 5.81 billion

* Earnings Review: HDFC AMC Q2 PAT rises 24%, beats Street estimate again

* Earnings Review: IRFC Jul-Sept net profit rises 10% YoY, revenue down 29%

* One97 Comm OKs offline merchants payment ops transfer to Paytm Payments Svcs

* Earnings Outlook: Low NIM, high provisions may drag dn AU Small Fin Bank PAT

* Earnings Outlook: Angel One Q2 profit seen halving YoY on lower order volume

* NPCI shifts cheque clearing system to T+0 clearance from prior T+1 method

* IPO Alert: Canara HSBC Life offer closes with 2.29 times subscription

* Analyst Concall: ICICI Lombard's mgmt looks to up mkt share post GST cut

* Earnings Review: ICICI Lombard PAT up on higher premium, investment incomes

* Fall in NIM over unless RBI cuts rates further, says Bank of Maharashtra

* Analyst Concall: Bk of Maharashtra aiming to raise equity capital by Mar-end

* Earnings Review: Bank of Maharashtra PAT rises as costs, bad loans in check

* NCLT admits Prudent ARC's insolvency plea against Rbep Entertainment

* RBL Bank says report of Emirates NBD planning majority stake buy 'incorrect'

* Earnings Outlook:Retail loan growth, festival demand to lift L&T Finance PAT

* Earnings Review: ICICI Pru Life posts strong PAT Jul-Sept as expenses halve

* ICRA, CARE assign AAA rtg to SBI's INR 75-bln, tier-II bonds, outlook stable

* Earnings Outlook: NIM fall, higher credit cost to weigh on Axis Bk's Q2 PAT

* Earnings Outlook: Federal Bank Jul-Sept PAT seen dn as provisions may double

* Earnings Outlook: HDB Fincl Svcs' Jul-Sept PAT seen up on firm AUM growth

* Earnings Outlook: Surge in provisions may halve Ujjivan Small Fin Bk Q2 PAT

* IPO Alert: Canara HSBC Life offer subscribed 27% as of second day

* Central board of employees' provident fund relaxes partial withdrawal norms

* IPO Alert: Tata Capital shares end 1% higher on debut day

* Anand Rathi Wealth Jul-Sept consol PAT rises 31% on year to INR 993.51 mln

* S&P sees RBI new norms push bank loan growth at upper end of 11.5-12.5% view

* DBS Bk sees Indian gilt ylds attractive, foreign inflows returning to stocks

* Earnings Outlook: Lower underwriting losses to drive ICICI Lombard Q2 PAT

* RBI withdraws, cancels registrations of 34 NBFCs; Tata Sons not among them

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* Kotak Mahindra Bank's arm Sonata Finance merges with BSS Microfinance

* IPO Alert: Tata Capital to list Mon; issue price set at INR 326 per share

* ICRA ups Motilal Oswal's long-term rating to AA+, revises outlook to stable

* One97 Comm transfers 90.01% equity shares of Foster Payment to itself

* RBI issues letter of caution to Axis Bank, directs it to follow KYC norms

* IPO Alert: Canara Robeco AMC's offer subscribed 48% on second day

* Govt leaves Oct-Dec General Provident Fund rate unchanged at 7.1%

* Computer Age board OKs 5-for-1 stock split; record date to be decided later

* IPO Alert: Canara HSBC Life offer subscribed 9% as on first day

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

US$1 = INR 87.9750

Reported by Kabir Sharma

Edited by Avishek Dutta

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