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Informist, Friday, Aug. 14, 2026

 

MUMBAI – The Nifty Bank is likely to remain range-bound in the near term, with global cues, crude oil prices, and geopolitical developments expected to drive sentiment, analysts said. The index closed at 57,491.10 points Friday, down 0.4% week-on-week, but outperformed the benchmark Nifty 50, which fell 0.8% to 24,366.

 

Within the banking pack, Punjab National Bank was the top gainer, up 2.8% during the week, followed by AU Small Finance Bank, which gained 1.4%, and IDFC FIRST Bank, up 1.3%. Kotak Mahindra Bank also edged up 0.1%. On the downside, State Bank of India was the biggest loser, down 2.7%, followed by Axis Bank, which shed 1.7%, and Federal Bank, which declined 1.4%.

 

The Nifty Bank will face immediate resistance at 57,818.70 and find support at 57,216.70. The relatively smaller weekly decline compared with the Nifty 50 indicates some resilience in banking stocks, analysts said. State-owned banks in particular remain supported by healthy asset quality, attractive valuations, and a favourable credit-growth outlook.

 

However, the near-term outlook remains cautious as Brent crude oil hovers near $87 per barrel, tensions between the US and Iran remain high, and broader global uncertainty could weigh on risk appetite. Investors will also track the minutes of the US Federal Reserve's last policy meeting and crude oil inventory data. The Nifty Bank's sustained move above 57,818.70 could improve its momentum, while a break below 57,216.70 may signal further weakness for the index, analysts said. 

 

TOP HEADLINES

* India Ratings revises CSB Bank tier-II bond outlook to stable from positive

* Analyst Concall: Axis Bank to buy 30% stake in Axis Max post internal process

* Bank of Baroda concludes issuance of notes worth $700 mln via IFSC unit

* S&P assigns 'BBB-' long-term issuer credit rating to IDFC FIRST Bank

* Central Bk may beat aim of raising $400 mln via FCNR(B) deposits - Official

* YES Bank OKs setting up of medium term note programme, to issue bonds

* Data Alert: Bank loans up 19.3% on year as of Jul 31, deposits rise 15.4%

* S&P assigns 'BBB' rating to ICICI Bank's $300 mln notes

* Govt may reduce stake in Central Bank of India in H2 FY27 - Fin min source

* Indian Bank raised $1.3 bln through FCNR(B) deposits so far, says MD Kumar

* Central Bank of India raised $250 mln via FCNR(B) deposits so far, says MD

* J&K Bank board OKs raising up to INR 10 bln via QIP

* Canara Bank hikes MCLR for most tenures by 5 bps effective Wednesday

* Canara Bank raised $1.7 bln through FCNR(B) deposits so far, says official

* Tamilnad Mercantile Bk raised $20 mln via FCNR(B) deposits so far - official

* Senior bankers push for use of AI in low-risk, some treasury ops

* SBI MD Tewari says can't compromise underwriting standards for MSME loans

* SBI seeing healthy pipeline of acquisition financing, says MD Tewari

* PNB MD Chandra says banks need governance framework, experts on use of AI

* Bks must strengthen defence mechanism as they expand AI use, says SBI Setty

* Finance ministry to hold public sector banking event on Aug 17-18

* Bank of Baroda to raise MCLR for 3-month loans by 10 bps from Wed

* HDFC Bank cuts MCLR on most tenures by 5 bps

* UCO Bank offering leverage on FCNR(B) deposits via GIFT IFSC unit - official

* Bank of India to mull raising up to $1 bln via medium-term notes Fri

* RBI allows IndusInd Bank to set up stock broking business via subsidiary

* Analyst Concall: Deposit mobilisation extremely competitive, says SBI Setty

* RBI proposes stricter norms to calculate banks' leverage ratio exposure

 

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	1,081.90	1.40	1,105.60	1,066.80
Axis Bank	1,217.40	(-)1.70	1,225.00	1,204.80
Bank of Baroda	248.22	(-)1.00	252.10	245.50
Canara Bank	131.25	(-)0.50	134.30	126.20
Federal Bank	351.30	(-)1.40	355.90	348.80
HDFC Bank	727.00	(-)0.60	732.80	720.60
ICICI Bank	1,417.00	(-)0.30	1,428.70	1,395.10
IDFC FIRST Bank	85.69	1.30	86.90	84.90
IndusInd Bank	1,020.80	(-)0.10	1,032.90	1,008.10
Kotak Mahindra Bank	391.15	0.10	396.30	387.30
Punjab National Bank	118.00	2.80	119.60	116.60
State Bank of India	1,067.70	(-)2.70	1,088.50	1,054.70
Index	Levels
Nifty Bank	57491.10	(-)0.40	57818.70	57216.70
Nifty 50	24366.00	(-)0.80	24464.40	24247.60
S&P BSE Sensex	78009.25	(-)0.60	78278.70	77549.60

 

End

 

US$1 = INR 95.42

 

Reported by Kabir Sharma

Edited by Shubhayan Bhattacharya

 

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