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Informist, Friday, Apr. 10, 2026

 

MUMBAI – The Nifty Bank sectoral index is expected to continue its uptick next week as the crisis in West Asia eases, analysts said. However, volatility is expected to persist in the market and may put pressure on the index, they said.

 

"Indian markets are likely to remain volatile next week, with the outcome of peace talks over the weekend expected to be a key driver of the market direction... any easing of tensions could provide further support; however, the durability of the recovery will hinge on meaningful progress in negotiations and stability in global energy markets," Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services Ltd. said in a note.

 

Friday, the Nifty Bank settled at 55912.75 points, up 8.5% on week. In comparison, the benchmark Nifty 50 rose 5.9% in the week. All the shares in the Nifty Bank ended in positive territory. AU Small Finance Bank was the biggest gainer, rising 13.1%. Axis Bank rose 12.8% while Bank of Baroda and Canara Bank both rose more than 10%.

 

Next week, US and domestic inflation data, trade figures, and domestic credit indicators will be closely watched, analysts said. In its technical view, Kotak Securities said, "For Bank Nifty, the short-term outlook is positive, and now 54,500 and 54,000 could serve as key support levels for traders. On the higher side, the uptrend wave is likely to continue till 57,000 (points). Further upside may also lift the index up to 57,750."

 

TOP HEADLINES

* RBI took rise in authorised capital to INR 18 bln on record, RBL Bank says

* Govt extends Hardeep Ahluwalia's term as Canara Bank MD, CEO till end-June

* RBI seeks public views on removing Investment Fluctuation Reserve for banks

* RBI issues draft norms on governance of bank boards; seeks feedback by May 7

* Study on IBC moots specialised SPVs to manage cos with dues above INR 10 bln

* RBI proposes allowing bks to include PAT in computing capital adequacy ratio

* RBI Policy: No need for regulatory action on HDFC Bank, says Malhotra

* RBI Policy: Malhotra says to introduce new framework for NBFC categorisation

* RBI Policy: Avg unclaimed deposit refund by banks INR 7.6 bln/mo since Sept

* RBI Policy: To allow NBFCs in term money mkt, raise borrowing limit for PDs

* RBI Policy:To review inclusion of quarterly profit norms in CRAR calculation

* RBI Policy: To revise, rationalise matters related to banks' boards

* Govt may seek revised fincl bids for IDBI Bank stake sale - fin min sources

* Govt may pick fincl svcs secy Nagaraju to head high-level panel on banking

* SC says borrower has no right to personal hearing from bank on fraud account

* Fino Payments Bk deposits hit record high in Q4; disbursements jump 96% QoQ

* RBI issues draft norms on improving efficiency of bk business correspondents

* NCLT admits Union Bank of India's insolvency plea against Kallam Textiles

* UCO Bank deposits up 11% YoY as of Mar 31, advances up 19%

* Bank of Maharashtra global advances at INR 2.92 tln as on Mar 31, up 22% YoY

* Utkarsh Small Fin Bk's gross loans dn 1.7% YoY,  deposits up marginally

* Axis Bank gross advances as on Mar 31 up over 18%, deposits up nearly 14%

* IndusInd Bank's net advances, deposits down on year; CASA ratio up QoQ

* YES Bank's advances rise 10.7% on year as on Mar 31, deposits up 12.1%

* AU Small Fin Bank's gross advances up 25% YoY as of Mar 31, deposits up 23%

* IDFC FIRST Bank's loans up 20% on year as of Mar 31, deposits up 17.2%

* RBI clears Emirates NBD Bank acquiring up to 74% stake in RBL Bank

* RBL Bk gross advances INR 1.15 tln as of Mar 31, up 22% YoY; deposits up 25%

* Punjab National Bk domestic loans up 12.2% YoY as of Mar 31, deposits up 9.1%

* Punjab & Sind Bank's loans up 18.4% on year as of Mar 31, deposits up 12.4%

* Bank of India's domestic advances up 16% YoY at INR 6.53 tln as of Mar 31

* Jammu & Kashmir Bank deposits up 11.3% YoY as of Mar 31,  loans rise 16.8%

* Capital Small Fin Bk gross advances rise 20.9% YoY to INR 86.87 bln

* Central Bank of India loans up 18.9% on yr as of Mar 31, deposits up 13.4%

* Indian Bk cuts T-bill linked rate on 3-mo-and-below loans by 5 bps from Fri

* CSB Bank's loans INR 403.64 bln as of Mar 31, up 27% on yr, deposits up 20%

* Equitas Small Fin Bank's FY26 loans up 21.6% on year, deposits up 8%

* Ujjivan Small Fin Bk loan up 26.6% YoY as of Mar 31, deposits up 21.3%

 

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:

 

Company	Price	Week-on-Week Change in %	Resistance	Support
AU Small Finance Bank	981.80	13.10	1,000.30	953.80
Axis Bank	1,350.80	12.80	1,377.70	1,312.70
Bank of Baroda	276.19	10.70	281.20	271.20
Canara Bank	140.15	10.30	141.50	138.40
Federal Bank	291.70	9.90	298.20	280.70
HDFC Bank	810.30	7.90	819.10	796.60
ICICI Bank	1,321.90	8.70	1,347.00	1,276.00
IDFC FIRST Bank	66.21	10.00	67.30	64.60
IndusInd Bank	830.90	6.70	845.70	810.40
Kotak Mahindra Bank	374.55	4.60	382.20	368.60
Punjab National Bank	111.80	7.00	113.50	109.40
State Bank of India	1,066.70	4.70	1,084.10	1,037.50
Index	Level
Nifty Bank	55,912.75	8.50	56,512.10	54,845.60
Nifty 50	24,050.60	5.90	24,211.40	23,776.00
S&P BSE Sensex	77,550.25	5.80	78,112.60	76,570.00

 

End

 

US$1 = INR 92.7275

 

Reported by Kabir Sharma

Edited by Rajeev Pai

 

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