Bank Stocks Outlook
Nifty Bank seen upbeat after NDA victory in Bihar
This story was originally published at 23:11 IST on 14 November 2025
Register to read our real-time news.Informist, Friday, Nov 14, 2025
By Aaryan Khanna
NEW DELHI – The Nifty Bank index is expected to move with a positive momentum next week and chart fresh records after hitting a lifetime high this week, analysts said. Bank stocks are likely to benefit from the view of continued political and policy stability, in line with broader markets, after the ruling National Democratic Alliance won the state elections in Bihar in a romp Friday.
"With the retail inflation easing and the corporate earnings season concluding on a positive note, the backdrop remains supportive for Indian equities," Siddhartha Khemka, head of research, Wealth Management, Motilal Oswal Financial Services Ltd., said in a note. "We expect markets to stay firm, with a potential India–US trade deal announcement offering scope for a sharper up-move." Data this week showed India's CPI inflation fell to a record low of 0.25% in October.
The Nifty Bank index rose 1.1% this week and closed at 58517.55 points on Friday, with its constituents ending on a mixed note. The index hit a record high of 58615.95 points Thursday, eclipsing the prior record by about 50 points. The positive sentiment is likely to continue for the Nifty Bank index above its 20-day simple moving average of 58000 points, Kotak Securities said in a note.
IndusInd Bank was the biggest gainer, rising 6.4% this week after reports said the Economic Offences Wing of the Mumbai police had given a clean chit to former bank executives in their investigation of fraud in the private-sector lender. Index heavyweights such as State Bank of India and ICICI Bank also saw above average gains this week, though some banks faced a profit booking spree from investors after the recent rise. AU Small Finance Bank fell 2.0% this week after gaining 3.5% a week ago.
"Bank Nifty continues to consolidate in the range of 57200-58600 points for the fourth week in a row and is currently placed around the upper band of the range," Bajaj Broking said in a note Friday. "Going ahead we expect the index to break above the upper band of the consolidation range and head towards 59,200 levels in the coming sessions."
TOP HEADLINES
* Societe Generale buys 8.82 mln shrs of Sammaan Capital via block deal on NSE
* Earnings Review: New India Assurance PAT dn 11% as underwriting losses widen
* Religare Ent Jul-Sep consol PAT falls 24.4% YoY to INR 388.33 million
* SBI to acquire 7.45% stake in Delhi-based AMC Raajmarg Infra Investment
* Mere deposit of embezzled money will not absolve employee of misconduct - SC
* RBI approves appointment of S Krishnan as part-time chairman of J&K Bank
* Earnings Review: Muthoot Fin Q2 PAT nearly doubles on record high top line
* Analyst Concall: Muthoot Fin doubles gold loan disbursal guidance for FY26
* NSDL's Jul-Sept PAT rises over 18% on year to INR 1.2 bln
* SBI aims to complete modernisation of core banking infra in 2 yrs, says MD
* Govt may allocate INR 20 bln FY26 for credit guarantee scheme for exporters
* SC reserves order on transfer of spectrum of telecom companies in IBC cases
* Nippon Life India AMC signs MoU with DWS Group to develop AIF products
* Earnings Review: Kama Holdings Q2 consol PAT doubles YoY; taxes up sharply
* IRDAI allows DSP Asset Managers to up total stake in Niva Bupa to over 9.9%
* Kama Holdings Jul-Sept consol PAT surges over 90% YoY to nearly INR 2 bln
* Earnings Review: GIC Q2 PAT zooms on high premium, low incurred claims
* Analyst Concall: HUDCO to become zero NPA company in 15 months, says mgmt
* Banking secy asks PSU banks to push farm, MSMEs credit at review meet
* City-wise contribution to total AUM of MF industry as on Sept 30
* Category-wise avg AUM of mutual funds across asset classes in Jul-Sept
* ICRA ups FY26 bank credit growth view to 10.7-11.5% YoY on festival boost
* Analyst Concall: Will maintain new business margin at 24-25%, says Max Fincl
* Analyst Concall:BSE to add more institutional clients in derivatives segment
* Federal Bk buys 4% additional stake in Ageas Federal Life for INR 974.4 mln
* Earnings Review:Max Fincl Svcs consol PAT dn 96% on poor life insurance show
* PTC India Jul-Sept consol PAT rises 31% on year to INR 1.91 billion
* Earnings Review:BSE Q2 results above view on higher transaction, listing fees
* Earnings Review: Bajaj Holdings Q2 PAT up 9% on robust profits of associates
* Analyst Concall: To recover from GST cut impact in 2 qtrs - Bajaj Finserv
* Earnings Review: Max Fincl Svcs consol PAT dn 96% on poor life insurance show
* Earnings Review:BSE Q2 results above view on higher transaction, listing fee
* Earnings Review: Aavas Financiers Q2 net profit up on rise in top line
* Earnings Review: ESAF Small Fin Bk in red for 5th straight qtr; loss narrows
* IFCI Jul-Sept consol PAT rises 73% on year to INR 1.43 bln
* Aavas Financiers Jul-Sept PAT rises 10.8% YoY to INR 1.64 billion
* Godrej Ind Jul-Sept consol PAT falls nearly 16% YoY to INR 2.42 billion
* Category-wise folios of mutual fund industry as on Oct 31
* Category-wise net flows of mutual fund industry in October
* Category-wise net assets under management of MF industry as on Oct 31
* Earnings Review: Bajaj Finserv consol PAT up 7.5% on decent rise in revenue
* More commodity ETFs likely to be launched in 3-4 months, says AMFI Chalasani
* Earnings Review: Tax writeback helps Edelweiss Fincl post consol PAT in Q2
* Earnings Review: Bajaj Finserv consol PAT up 7.5% on decent jump in revenue
* GST authority initiates search at registered office of Fino Payments Bank
* Analyst Concall: Bajaj Finance lowers FY26 growth view to 22-23% from 23-24%
* Authum Investment and Infra Jul-Sept PAT falls over 9% YoY, sales slump 45%
* Earnings Review: AUM, NII growth lifts Bajaj Fin Q2 PAT; misses Street view
* Earnings Review: HUDCO posts marginal growth in PAT as finance cost weighs
* Average returns of all mutual fund categories in week ended Nov 7
* Top, worst performing schemes in MF categories in week ended Nov 7
* Fin min to meet PSU bks Wed, review Q2 results, mobile apps, fincl inclusion
* Earnings Outlook: Expiry day change likely to hit BSE Q2 revenue, PAT
* Data Alert: Life insurers' first-year premium income rises 12.1% YoY in Oct
* IndusInd Bank appoints Amitabh Kumar Singh as CHRO effective Monday
* Earnings Outlook: Robust AUM growth to boost Bajaj Finance Q2 consol PAT
* Earnings Review: Karnataka Bk's Q2 PAT falls 5% YoY on slow business growth
* Global gold ETFs see $8.2 bln inflows in Oct; AUM hits record $503 bln - WGC
* Nuvama Wealth arm Nuvama Asset Mgmt gets administrative warning from SEBI
* CCI OKs Blackstone arm's 80.15% stake buy in Aadhar Housing Finance
* Data Alert: Gross premium of non-life insurance cos up just 0.1% YoY in Oct
* Analyst Concall: PFC already in compliance with RBI's new project fin norms
* Earnings Review: Aadhar Housing Q2 PAT, sales up in double digits YoY
* Aadhar Housing Fin Jul-Sept consol PAT rises 17% YoY to INR 2.66 billion
* Cholamandalam Fincl Holdings Q2 consol PAT growth slows YoY on higher costs
* Earnings Review:PFC posts marginal PAT rise Q2 as provisions make a comeback
* Cholamandalam Financial Jul-Sept consol PAT rises 4.6% YoY to INR 5.5 bln
Following are the resistance and support levels for the sector's key 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 | 890.6 | (-)2.00 | 901.30 | 877.20 |
| Axis Bank | 1,241.60 | 1.50 | 1,260.50 | 1,212.50 |
| Bank of Baroda | 286.75 | (-)0.80 | 291.30 | 279.00 |
| Canara Bank | 146.07 | 3.80 | 148.30 | 142.30 |
| Federal Bank | 236.26 | (-)0.40 | 238.30 | 234.10 |
| HDFC Bank | 989.60 | 0.70 | 1,001.40 | 970.20 |
| ICICI Bank | 1,373.00 | 2.20 | 1,390.50 | 1,354.50 |
| IDFC FIRST Bank | 80.43 | (-)1.30 | 81.60 | 79.10 |
| IndusInd Bank | 848.25 | 6.40 | 881.50 | 829.20 |
| Kotak Mahindra Bank | 2,079.70 | (-)0.40 | 2,098.60 | 2,053.60 |
| Punjab National Bank | 122.21 | (-)0.10 | 123.30 | 120.80 |
| State Bank of India | 967.85 | 1.30 | 980.00 | 945.90 |
| Nifty Bank | 58517.55 | 1.10 | 58926.10 | 57845.80 |
| Nifty 50 | 25910.05 | 1.60 | 26063.10 | 25664.30 |
| S&P BSE Sensex | 84562.78 | 1.60 | 85098.50 | 83761.40 |
End
Edited by Deepshikha Bhardwaj
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