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Informist, Friday, Jan. 2, 2026

 

MUMBAI – The Nifty Bank index is expected to remain upbeat next week before earnings announcements for the December quarter start from the second half of the month, market participants said. "Bank Nifty remains a clear outperformer versus the Nifty (Nifty 50) in recent sessions. The falling trendline breakout and recovery above critical short-term moving averages have strengthened the bullish setup," Rupak De, senior technical analyst at LKP Securities, said.

 

The Nifty Bank settled at 60150.95 points Friday, up 1.9% from the previous week. The index was dragged down by Axis Bank and Kotak Bank. Yes Bank and Union Bank of India were the biggest gainers on Friday.

 

In its technical view, Kotak Securities said, the short-term trend for Bank Nifty is positive, with 59800 and 59500 acting as key support zones, while 60500-60700 could act as crucial resistance areas for the bulls. On the flip side, below 59500 points, sentiment could change. Below this level, traders may prefer to exit their long positions.

 

TOP HEADLINES

* Banking secy holds meet to consider foreign banks' bid to open ops in India

* Punjab & Sind Bk gross advances up 15.3% YoY as of Dec 31; deposits up 9.3%

* South Indian Bank's advances up 11.3% YoY as of Dec 31; deposits up 12.2%

* Indian Bank's gross advances up 14.5% YoY as of Dec 31; deposits rise 12.5%

* Karur Vysya Bank's advances up 17.15% YoY as of Dec 31; deposits rise 15.57%

* YES Bank gets 2 orders from assessing authority over tax demand, refund

* Canara Bank ED Hardeep Singh Ahluwalia given additional charge of MD, CEO

* City Union Bank gets GST demand order for INR 1.91 bln for FY22

* Weighted avg rate on new bank loans up 10 bps on month at 8.71% in Nov

* RBI Report: Econ strong amid global risks; near-term risks remain - Malhotra

* RBI Report: Banks' capital buffers robust in most severe stress tests

* Bank credit to industry up 9.6% YoY as of Nov 28; services loans up 11.7%

* RBI Report:Stress test shows banks can keep more than needed capital buffers

* Data Alert: Banks' loans up 12% as on Dec 15, deposit growth at 3-year low

* Punjab & Sind Bank board to mull fund raise of INR 30 bln via QIP on Jan 21

* Govt takes stock of debt recovery tribunals, lists ways to improve recovery

* RBL Bank appoints Deepak Ruiya as interim CFO from Tuesday

* Indian Overseas Bank gets RBI nod to set up IFSC banking unit in GIFT City

* RBI Report: Banking sector resilient on multi-decade low NPA; vigilance key

* Kotak Mahindra Bank sets Jan 14 as record date for stock split

* Elara Securities sees better Q3 earnings for BFSI; deposit growth key focus

* Kotak Mahindra Bank's shareholders approve 5-for-1 stock split

* PNB reports INR-24.34-bln fraud by former promoters of SREI group cos to RBI

* RBI OKs Ratan Kumar Kesh's reappointment as Bandhan Bank ED for 3 years

* Data Alert: Banks' loan growth at 13-month high as of Dec 12; deposits fall

* RBI amends risk-weight framework for exposure of NBFC's to infra projects

* PFRDA allows banks to independently set up pension funds to manage NPS

* ANALYSIS: Shriram Finance may save INR 6 bln/yr after likely rating upgrades

* Crisil Ratings places Shriram Fin long term rtg of AA+ on 'watch positive'

* IRFC gives INR 50-bln term loan to Maharashtra State Power Generation Co

* ICRA places Shriram Fin rating 'on watch with positive implications'

* RBI Report: NBFCs remain resilient on robust NIM, strong capital buffers

* HUDCO disbursed loans worth INR 155 bln Q3; INR 413 bln in Apr-Dec, up 30%

* Pilani Invest buys 2% stake, Birla Group sells 2% in Aditya Birla Lifestyle

* ICICI Prudential Mutual Fund buys 5% stake in Entero Healthcare Solutions

* GST demand on New India Assurance cut to INR 1.1 bln from INR 23 bln earlier

* IFCI sells its 10% stake in North Eastern Development Fin for INR 1.22 bln

* CARE Ratings ups Shriram Fin's NCDs, subordinated debt rtg to AAA from AA+

* RBI Report:NBFCs' asset quality improves, sector stays well capitalised FY25

* India Ratings assigns 'AA' rtg to IIFL Fin's INR-20-bln loan, INR-30-bln NCD

* Top, worst performing schemes in MF categories in week ended Dec 26

* Average returns of all mutual fund categories in week ended Dec 26

* RBI Report: NBFCs' asset quality improves, stays well capitalised in FY25

* India Ratings assigns AAA to PNB Housing Fin's INR-50-bln bk loan facilities

* Aditya Birla Capital invests INR 400 mln in arm Aditya Birla Capital Digital

* Manappuram Fin board OKs raising FY26 borrowing limit to INR 750 bln

 

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	999.4	2.50	1016.40	988.50
Axis Bank	1266.90	3.20	1288.50	1253.50
Bank of Baroda	305.05	5.90	309.00	299.10
Canara Bank	154.87	3.20	157.30	151.60
Federal Bank	266.95	1.90	270.10	264.30
HDFC Bank	1001.60	1.00	1012.30	983.50
ICICI Bank	1355.40	0.40	1370.10	1328.90
IDFC FIRST Bank	85.92	0.90	87.70	84.60
IndusInd Bank	902.45	6.20	920.30	881.30
Kotak Mahindra Bank	2195.10	1.40	2248.60	2153.80
Punjab National Bank	125.35	4.10	127.00	123.00
State Bank of India	998.95	3.40	1023.00	971.90
Nifty Bank	60150.95	1.90	60496.50	59565.50
Nifty 50	26328.55	1.10	26483.90	26040.70
S&P BSE Sensex	85762.01	0.90	86290.60	84804.60

 

End

 

Reported by Kabir Sharma

Edited by Tanima Banerjee

 

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