More Stories

Informist, Friday, Jul. 31, 2026

MUMBAI – The Nifty Bank index is expected to remain steady next week as market participants wait for the Reserve Bank of India's Monetary Policy announcement on Wednesday, analysts said. "Indian equities are expected to trade with a positive bias as healthy domestic macros, and a strong Q1FY27 (Apr-Jun) earnings season continue to support investor confidence. Market participants will closely monitor RBI's monetary policy decision, India's Manufacturing and Services Purchasing Managers' Index (PMI) data, along with developments in crude oil prices and geopolitical tensions in West Asia next week", Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services Ltd. said in a note.

Analysts will also watch out for State Bank of India's June quarter earnings, scheduled Friday, they said. According to estimates from 15 brokerages, the country's largest lender, SBI, is expected to report average net interest income of INR 455.91 billion, up around 11% from a year earlier and 2.7% sequentially. Net profit is estimated at INR 194.31 billion, reflecting a modest 1.4% year-on-year increase, although it is expected to decline 1.3% sequentially owing to higher credit costs and softer non-interest income.

Friday, the Nifty Bank index settled at 57264.85 points, up 1% on week. Shares of IDFC First Bank rose 4.8% on week, leading the index, while Bank of Baroda was down 1.6% on week. The Nifty 50 index outpaced Nifty Bank index with a rise of 2.6% on week. 

In its technical view, Bajaj Broking said, "Bank Nifty formed a third consecutive high wave candle with a higher high and a higher low signaling consolidation amid stock specific action around the 57,000 levels. Bank Nifty in the last 6 weeks is seen consolidating in the range of 56,500-58,700. Within the consolidation immediate hurdle is placed at 57,500 levels. A decisive move above Wednesday's high and the 57,500 mark could trigger fresh buying momentum, paving the way for an advance towards 58,000 and 58,500, which coincides with the upper band of the last 6 weeks consolidation. However, failure to surpass 57,500 levels is likely to keep the index range-bound between 56,500–57,500."

TOP HEADLINES

* Care Ratings ups Indian Overseas Bank's tier-II bonds to 'AA+' from 'AA'

* Earnings Review: ESAF Bk Q1 PAT up as interest income climbs to 11-qtr high

* Moody's assigns first-time 'Baa2' issuer rating to RBL Bank; outlook 'stable'

* Data Alert: Banks' investments up 6.2% on year as of Jul 15 vs 5.8% Jun 30

* RBI publishes overhaul of Basel Pillar 3 norms, revises disclosure framework

* Union Bank approves raising up to $2 bln via debt at Dubai, Sydney branches

* Bank of India ups 3-mo loan MCLR by 10 bps, one-year loan MCLR by 5 bps

* Earnings Review: Karnataka Bank's Q1 PAT rises on sharp fall in provisions

* PNB board OKs raising up to $1.5 bln via IFSC GIFT City unit

* Earnings Review:J&K Bank PAT dn most in 17 qtrs on high expenses, provisions

* Analyst Concall: Equitas Small Fin Bank in no hurry to become universal bank

* Earnings Review: Slump in provisions helps Dhanlaxmi Bank double net profit

* Analyst Concall: City Union Bank MD sees current credit growth continuing

* Banks collected INR 71 bln for non-maintenance of minimum average balance

* Earnings Review: City Union Bank PAT up 24.8%; beats estimates

* Union Bank to Thu mull raising funds via offshore debt issuance

* Fitch assigns 'BBB-' long-term issuer rating to UCO Bank; outlook stable

* Analyst Concall: Canara Bk disburses INR 100 bln under emergency credit line

* Earnings Review: Strong AUM, NII growth boost Home First Finance's Q1 PAT

* HDFC Bank fines CEO, CFO for business overreach in MSRDC case; warns others

* Tamilnad Mercantile Bank aims to raise $50 mln via FCNR (B) deposits by Sept

* Raised $775 mln FCNR(B) deposits so far, hope to cross $1 bln Jul: Canara Bk

* AU Small Fin Bank ups 3-4 year FCNR(B) deposit peak rate by 30 bps to 7.40%

* Earnings Review: Tamilnad Mercantile Bk PAT up 35% on higher interest income

* Fin min says insurers didn't raise premiums post GST exemption on policies

* Earnings Review: Low provisions, high interest earned lift Canara Bk Q1 PAT

* Earnings Outlook: City Union Bank's Q1 PAT seen higher on strong loan growth

* IDFC FIRST Bank to raise up to INR 200 bln via equity, debt

* Earnings Outlook: Canara Bk's Q1 PAT dn on sluggish operating profitability

* Analyst Concall: AU Small Fin may not see direct benefit of FCNR(B) scheme

* Analyst Concall: IDFC FIRST hopes to capture 2.5% of FCNR(B) deposits - MD

* Earnings Review: IDFC FIRST Q1 PAT more than doubles YoY, beats Street view

* Earnings Concall: IDFC FIRST hopes to capture 2.5% of FCNR(B) deposits - MD

* Earnings Review: AU Small Fin Bank Q1 PAT rises as provisions fall 30% YoY

* Bank of Maharashtra cuts overnight, hikes 6-month, 1-year MCLR from Sat

* Analyst Concall: Bank of Baroda credit growth FY27 seen at 12-14%

* Analyst Concall: Bank of India to offer 9 times leverage on FCNR(B) deposits

* Earnings Review: Bank of India Q1 PAT up 36% YoY on robust NII growth

* Bk of India aims 15-16% loan growth FY27, $1.2 bln FCNR(B) deposits by Sept

* PNB board to mull Wed raising funds in foreign currency via debt

* Analyst Concall: DCB Bank sees NIM improving on rise in yield on advances

* Bank of Baroda aims to raise $4 bln-$5 bln via foreign inflows by Sept - mgmt

* Earnings Review: Bank of Baroda Q1 PAT slumps on one-time UAE settlement

* Earnings Review: DCB Bank Q1 PAT rises as provisions fall sharply on year

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 95.38

Reported by Kabir Sharma

Edited by Deepshikha Bhardwaj

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.