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Informist, Friday, Jul. 10, 2026

By Kabir Sharma

MUMBAI – After another week of consolidation, the Nifty Bank sectoral index is expected to rise next week on the back of positive earnings from lenders this week which have set the pace for the industry, analysts said. "Positive business updates from banks, along with a constructive outlook for the IT (information technology) sector driven by in-line estimates, a potential rebound in global spending, and AI-related (artificial intelligence-related) opportunities, have set the stage for an optimistic start to the Q1 (Apr-Jun) earnings season," Vinod Nair, head of research at Geojit Investments, said. "A continuation of better-than-expected Q1 results should help alleviate concerns about future earnings growth."

However, renewed concern about the situation in West Asia will continue to cloud the outlook for banks' earnings, analysts said. The Nifty Bank Friday settled at 58045.90 points, largely unchanged on week. The fillip provided by a 4.3% rise in shares of IndusInd Bank was negated by a 4.8% fall in shares of Kotak Mahindra Bank.

Federal Bank's shares rose 1% over the week after S&P Global Ratings Thursday assigned the bank a long-term issuer credit rating of "BBB-" with "stable" outlook following the acquisition of 10% stake in the lender by Blackstone-managed funds.

In a technical note, Bajaj Broking said, "Bank Nifty formed a second bullish candlestick pattern with a higher high and a higher low signaling pullback for the second session. Index in the process closed above Wednesday gap down area signaling strength in banking stocks. Going ahead index to consolidate in the range of 56,500–58,700. A weakness below Wednesday's low 56,550 will open downside towards the key short-term support of 55,500-55,000 levels. On the higher side only a move above 58,700 being the last swing high will signal resumption of the up-move towards 59,200 and 60,000 level in the coming weeks, being the 138.2% and 150% external retracement of the previous decline from 57,456 to 52,783."

TOP HEADLINES

* Earnings Review:Indian Bk returns to double-digit PAT growth on higher income

* SBI to sell 28.83 mln shrs for INR 16.55 bln in SBI Funds before IPO

* S&P assigns 'BBB-' long-term credit rtg to Federal Bank on Blackstone invest

* Earnings Outlook: Indian Bk Apr-Jun earnings seen steady on lower provisions

* S&P assigns 'BB+' long-term issuer credit rating to YES Bank; outlook stable

* ICRA ups ratings on YES Bk's infrastructure, tier-2 bonds to 'AA' from 'AA-'

* Govt may cut stake in 4 PSU banks via QIP, OFS in Q2, says fin min source

* IndusInd Bank to mull debt issue via private placement on Jul 22

* Zerodha calls for regulatory action in Bk of Baroda overseas settlement case

* CareEdge Global assigns 'BBB+' long-term foreign currency issuer rtg to SBI

* Fin min plans PSU bks' conclave Jul, FCNR(B) deposit growth on agenda: Source

* IFSC grants licence to Punjab & Sind Bank to set up branch in GIFT City

* RBI appoints Mahesh Muralidhar Pai as South Indian Bk's MD, CEO from Oct 1

* Axis Bank re-appoints Vishwanathan as part-time chairman for 3 years

* South Indian Bank board to meet Jul 16, mull raising funds via debt

* Axis Bank prices AT1, dollar notes worth $100 mln, S&P assigns 'BB-' rating

* ICRA assigns 'AAA' issuer rating to RBL Bank, outlook stable

* SC says banks can't put lawyers' names on caution list in cases of negligence

* Emkay Global 'underweight' on BFSI, prefers smaller banks to large-caps

* Bank of Maharashtra's global advances up 27% on year as of Jun 30

* Utkarsh Small Fin Bk gross loans up 2% on yr at INR 196 bln on Jun 30

* Axis Bank gross advances up 19% on year at INR 12.73 tln on Jun 30

* Kotak Mahindra Bank's net advances up 15.1% on year as of Jun 30

* AU Small Finance Bk's advances rise 25.8% YoY as of Jun 30, deposits up 23.5%

* HDFC Bank's advances up 15.4% on year as of Jun 30, deposits grow 14.7%

* YES Bank's advances rise 18.4% on year as on Jun 30, deposits up 14.3%

* Bandhan Bank loans at INR 1.6 tln as of Jun 30, up 16% on yr; deposits up 7%

* RBI fines Bk of Baroda INR 6.36 mln for breach of fair practices, KYC norms

* RBL Bank gross advances as of Jun 30 up 21% on year, deposits up 11%

* IDBI Bank net advances INR 2.59 tln as on Jun 30, up 22% on year

* Suryoday Small Fin Bk gross advances up over 32% to INR 143.7 bln on Jun 30

* IDFC FIRST Bank advances as on Jun 30 up 21% on year, deposits up 18%

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

Edited by Rajeev Pai

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