More Stories

Informist, Thursday, Apr. 2, 2026

MUMBAI – The Nifty Bank index is expected to remain volatile next week amidst the West Asia conflict, analysts said. The index will take cues from the Reserve Bank of India's Monetary Policy Committee's decision on Wednesday, they said.  "... market sentiment remains fragile and depends on the developments in the US–Iran conflict, with crude oil prices and foreign fund flows expected to remain key drivers of market direction in the near term," Siddharth Khemka, head of research, Wealth Management, Motilal Oswal Financial Services Ltd., said. 

The Nifty Bank index Friday settled at 51548.75 points, down 1.4% on week. In comparison, the benchmark Nifty 50 fell 0.5% this week. All the shares in the Nifty Bank ended in the red in a truncated week due to holidays. Bank of Baroda was the worst hit this week, falling 4.1%. State Bank of India was the least hit, falling 0.1%.

"Bank Nifty witnessed strong buying from lower levels, forming a long green candlestick, indicating demand at lower zones," Vatsal Bhuva, technical analyst at LKP Securities, said. "RSI (Relative Strength Index) shows signs of a bullish crossover from oversold levels, confirming positive divergence and supporting a short-term recovery outlook. However, the broader trend remains weak, hence a cautious stance is advised. On the upside, 52,500–53,000 may act as resistance, while immediate support is placed around 50,500 levels."

TOP HEADLINES

* Tighter liquidity with Indian banks may add to margin pressure, says Fitch

* CNBC TV18: HDFC Bk fines 12 officials for alleged misselling of tier-I bonds

* Dhanlaxmi Bank gross advances up 24% YoY as of Mar 31, deposits rise 16.4%

* Indian Bank's advances up 13.6% YoY as of Mar 31, deposits rise 12.6%

* South Indian Bk's advances rise 15.7% on yr as of Mar 31; deposits up 14.7%

* Rajya Sabha passes IBC amendment bill with select committee's inputs

* Karnataka Bank advances up 6.9% YoY as of Mar 31, deposits rise 3.8%

* Karur Vysya Bank's advances up 16.9% YoY as of Mar 31; deposits rise 13.3%

* RBI index shows banks' data quality rose in Dec;PSU banks' timeliness lagged

* HC issues notice to govt on non-appointment of employee directors at PSU bks

* Fino Payments Bank Chief Compliance Officer Aashish Pathak resigns

* YES Bank receives INR 2.10 bln related to sale of NPAs from two trusts

* Central Bank of India gets notice from income tax dept to pay INR 2.96 bln

* HUDCO FY26 loan sanctions up 29% on year, disbursals up 28%

* Bank of Baroda gets income tax demand of INR 4.57 bln; expects to win appeal

* Weighted average rate on new bank loans fall 5 bps on month to 8.44% in Feb

* Bk credit to svcs sector up 16.3% YoY as of Feb 28, personal loans up 15.2%

* Data Alert: Banks' investments up 3.4% YoY as of Mar 15 vs 3.1% rise Feb 28

* Catalyst Trusteeship releases 59.76 mln pledged shares of IndusInd Bank

* Indian Overseas Bank gets income tax demand of INR 17.43 bln

* RBI fines Union Bank INR 9.5 mln for not reversing unauthorised transaction

* RBI fines Bank of India INR 5.9 mln for breaching priority sector loan norms

* Indian Overseas Bank gets income tax demand notice for INR 6.43 bln

* RBI slaps INR-6.36-mln penalty on Central Bank for breach of KYC norms

The 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 93.10

Reported by Kabir Sharma

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.