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Informist, Friday, Nov. 28, 2025

MUMBAI – The Nifty Bank index is expected to move slightly higher next week ahead of the release of the outcome of the Reserve Bank of India's Monetary Policy Committee's meeting on Friday, analysts said. "In structural developments, India's BFSI (banking, financial services and insurance) sector market capitalisation has reached INR 105 trillion. While banks remain dominant, their share has moderated to 54% from 70% in 2014-15 (Apr-Mar), reflecting the rise of insurance companies, capital market intermediaries, and digital-first financial platforms. Going forward, after making a new high this week, markets are expected to maintain a gradual up-move, with investor focusing on the RBI policy meeting next week," Siddharth Khemka, head of research and wealth management at Motilal Oswal Financial Services, said. 

The index continued its uptrend this week — it hit a fresh all-time high of 59,897.50 points before settling at 59,752.70 on Friday. Federal Bank led the charge, rising 5.3% this week, while Axis Bank rose just 0.3%. Over the week, the index gained around 1.5%, indicating solid buying interest in banking stocks, analysts said. The rally appears to be driven by broad optimism around credit growth and positive sentiment in the financial sector, helping banking stocks outperform the broader market, they said.

Vatsal Bhuva, technical analyst at LKP Securities, said, "Bank Nifty closed the week with a strong bullish candlestick on the weekly chart. The formation of higher highs and higher lows confirms a firm bullish undertone, with market participants actively buying at every dip. Immediate support lies at 59200, with positional support at 58900, while resistance is seen at 60000 and 60500 levels."

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* SC says lenders panel nod must to withdraw IBC plea against BYJU's parent co

* ICRA reaffirms PNB Housing Fin's instruments at  ICRA AA+; outlook stable

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* Bandhan Bk board OKs INR-69-bln asset sale from NPA, written-off portfolio

* S&P reaffirms 'BBB' long-term rtg to Bank of Maharashtra with stable outlook

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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

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