More Stories

Informist, Friday, Jul. 17, 2026

 

By Kabir Sharma

 

MUMBAI – The Nifty Bank index is likely to be driven by earnings over the coming week. Investors will track the quarterly results from heavyweight lenders Saturday for cues on the sector's growth trajectory, margins, and asset quality. After a relatively steady run in recent sessions, the index could see increased volatility as markets digest management commentary on loan growth, deposit mobilisation, net interest margin (NIM), and the impact of recent monetary policy measures.

 

"There is a shift in market momentum, with strong traction moving toward large-cap stocks, led by the IT and banking sectors," Vinod Nair, head of research at Geojit Investments, said in a note. "This is supported by optimism around business updates and Q1 (Apr-Jun) earnings expectations. The trend appears to be driven largely by domestic institutional investors rotating out of expensive mid- and small-cap stocks and into more attractively valued large caps that offer a better risk-reward profile."

 

Friday, the Nifty Bank settled at 58521.40 points, up 0.8% on week. Shares of Federal Bank rose 5.8% on week, leading the index, while AU Small Fianance Bank was down 3.9% on week.

 

HDFC Bank's financial results will be watched most closely. The bank's earnings Saturday are sure to set the tone for the sector, given its significant weight in the benchmark Nifty 50 index and the Nifty Bank sectoral index. Investors will closely monitor trends in deposit growth, net interest margin, and asset quality as well as the management's outlook on credit demand and profitability. ICICI Bank, Axis Bank, and Kotak Mahindra Bank are the other banking heavyweights scheduled to declare their results Saturday.

 

Attention will focus on the commentary around the Reserve Bank of India's recent measures to encourage foreign currency inflows through a facility under which it bears the full hedging cost for banks raising fresh three- to five-year foreign currency non-resident bank deposits and removal of the cap on deposit rates. While the initiatives are expected to improve banking system liquidity, investors will assess how lenders plan to leverage these deposits, the impact on funding costs, and whether the measures translate into stronger credit growth.

 

Vatsal Bhuva, technical analyst at LKP Securities, said, "Bank Nifty witnessed a decisive close above the crucial 58000–58200 resistance zone, supported by strength in heavyweight private-sector banks. The index has also closed above its 20-day moving average, reinforcing the positive short-term trend. Furthermore, the RSI (relative strength index) has generated a bullish crossover, indicating improving momentum. A sustained breakout above 58500 could open the door for a fresh rally towards 59200. However, the upcoming earnings of major private-sector banks are likely to influence the index's near-term direction. Immediate support is placed at 57800 (points)."

 

TOP HEADLINES

* Earnings Review: Slump in provisions boosts Union Bank of India Q1 PAT

* PRESS: Fairfax to buy IDBI Bank for $5.5 billion

* SPOTLIGHT: Bankers say West Asia escalation slowing FCNR(B) deposits

* RBI issues final norms on governance of bank boards effective Oct 1

* RBI governor urges banks to leverage advanced tech at meeting with bankers

* Moody's Ratings affirms SBI's 'Baa3' long-term deposit rtg; outlook stable

* Sitharaman tells PSU bks to step up outreach to sustain FCNR deposit mop-up

* SBI sees India's Q1 GDP growth above view as bank credit, CP issuances surge

* Analyst Concall: Indian Bank targets up to $2 bln in FCNR(B) deposits

* Analyst Concall:Bk of Maharashtra maintains FY27 loan growth guidance at 18%

* See sizeable FCNR deposits, working on internal norms - Bank of Maharashtra

* Indian Bank sees no pressure on NIMs, to maintain at 3.41% going forward - MD

* Earnings Review:Bk of Maharashtra's PAT growth robust on higher total income

* Ujjivan Small Fin says not in talks with any third party for MF distribution

 

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	1,030.20	(-)3.90	1,047.20	1,009.80
Axis Bank	1,328.50	0.40	1,350.20	1,294.20
Bank of Baroda	246.80	(-)1.70	250.50	243.70
Canara Bank	125.01	(-)2.90	126.90	123.30
Federal Bank	349.00	5.80	368.70	313.50
HDFC Bank	819.60	(-)0.70	832.50	802.10
ICICI Bank	1,444.30	3.10	1,475.10	1,404.30
IDFC FIRST Bank	80.35	(-)0.60	82.00	78.00
IndusInd Bank	1,027.20	1.10	1,044.00	1,001.60
Kotak Mahindra Bank	389.95	3.30	401.90	369.70
Punjab National Bank	105.77	0.30	107.00	104.00
State Bank of India	1,044.30	0.80	1,059.90	1,020.50
Index	Level
Nifty Bank	58521.40	0.80	59274.80	57165.40
Nifty 50	24334.30	0.50	24535.10	23998.60
S&P BSE Sensex	78151.45	0.80	78888.60	76939.50

 

End

 

US$1 = INR 96.28

 

Edited by Rajeev Pai

 

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.