More Stories

Informist, Friday, Jan. 9, 2026

 

NEW DELHI – The Nifty Bank index is expected to remain upbeat next week as the earnings announcements for the December quarter begin, market participants said. Banking stocks are likely to perform well in the December quarter, especially private-sector banks, they said.

 

"The index is expected to remain in a consolidation phase within the 58800–60400 range," Bajaj Broking said in a note. "A decisive breakout above this range or a breakdown below it will provide clarity on the next directional move. Key short-term support zone lies at 59000–58700."

 

The Nifty Bank settled at 59251.55 points Friday, down 1.5% from the previous week. The index was dragged down by ICICI Bank and Axis Bank. AU Small Finance Bank and Bank of Baroda were the biggest gainers on Friday.

 

"For Bank Nifty, the 20-day SMA (simple moving average) at 59500 would act as a key level for traders. Below this, the correction wave is likely to continue until 58800–58500," said Amol Athawale, VP technical research at Kotak Securities, in a note. "Conversely, above 59500, it could bounce back up to 59800–59000."

 

Nirmal Bang Institutional Equities sees loan growth, net interest margin guidance, and commentary on deposit mobilisation, including the launch of new products and branch expansion as some of the key monitarables for banks' December quarter earnings result. 

TOP HEADLINES

* AI models need more scrutiny before full adoption by bks, says banking secy
* Bajaj Group completes acquistion of 23% stake in insurance cos from Allianz
* RBI moots 3-year cooling-off period for co-op bank directors' reappointment
* Angel One Dec gross client acquisition down on year for 15th straight month
* GIC extends tenure of CMD Hitesh Ramesh Chandra Joshi by 3 months from Jan 1
* RBI cancels registration certificates of 35 NBFCs; 16 voluntarily surrender
* Data Alert: Gross premium of non-life insurance cos rises 13.7% YoY in Dec
* NCLT approves Sagacious Cap's INR 1.1 bln IBC plan for Reliance Innoventures
* Authum Investment fixes Jan 13 as record date for bonus share issue
* RBI invites views on draft norms on bank dividends; seeks feedback by Feb 5
* ICICI Bank gets PFRDA nod to acquire ICICI Pru Pension Funds
* Strong operating view for bks under RBI enhanced regulatory oversight: Fitch
* Adani Enterprises raises INR 10 bln via public issue of NCDs Tue
* SC grants bail to Amtek's Arvind Dham in INR 250-bln bank fraud case
* LIC launches new whole life insurance plan Jeevan Utsav Single Premium
* CARE assigns 'AAA' rtg, stable outlook to LIC Housing Fin's INR-100-bln NCDs
* IndusInd Bank's net advances down 13% YoY as of Dec 31, deposits fall 4%
* RBI issues amendment norms on related-party lending by regulated entities
* RBI Governor meets MD, CEOs of NBFCs, emphasises on responsible lending
* Axis Bank's gross advances up 14% YoY as of Dec 31, deposits up 15%
* RBI to manage Delhi govt's banking operations, public debt from Friday
* Payments Regulatory Board discusses Payments Vision 2028 at first meeting
* Utkarsh Small Fin Bk's gross advances down 4% as on Dec 31, deposits up 4.5%
* SC asks govt, EPFO to decide in 4 mos on PIL to raise EPF wage ceiling
* Average returns of all mutual fund categories in week ended Jan 2
* Top, worst performing schemes in MF categories in week ended Jan 2
* L&T Fin's retail loan book rises 21% YoY as of Dec 31, disbursements up 49%
* Kotak Mahindra Bk's net advances up 16% YoY as of Dec 31, deposits rise 15%
* Karur Vysya Bank to lower base rate, BPLR by 45 bps each from Wednesday
* ESAF Small Fin Bk gross advances rise 13% YoY as of Dec. 31, deposits up 7%
* SC rejects SEBI ban on Catalyst Trusteeship from giving trustee svc to funds
* S&P assigns BBB rtg to EXIM Bank's proposed senior unsecured dlr notes
* Central Bank of India's gross loans INR 3.24 tln as on Dec 31, up 19.6% YoY
* Capital Small Fin Bank's advances up 19.8% as on Dec 31, deposits up 18.5%
* Crisil assigns AA+ rating to Piramal Finance's bank loan facilities, NCDs
* Bk of Maharashtra's global loans up 20% on year at INR 2.73 tln as on Dec 31
* Dhanlaxmi Bank's gross advances up 24% on yr as of Dec 31, deposits up 18.4%
* International Fin Corp to invest INR 2.2 bln in HDFC AMC's INR-15-bln AIF
* Bandhan Bank's advances up 10%, deposits up 11% YoY as on Dec 31
* Equitas Small Finance Bank's gross advances up 15.9% YoY as on Dec 31
* AU Small Fin Bank's gross advances up 24% YoY as on Dec 31, deposits up 23%
* Bank of Baroda global advances up 14.6%, global deposits up 10.3% YoY Dec 31
* YES Bank's advances up 5.2% on year as on Dec 31, deposits rise 5.5%
* Bajaj Finance's AUM rises 22% on year as on Dec 31, new loans up 15%
* HDFC Bank's gross advances rise 11.9% YoY as of Dec 31, deposits up 11.5%
* Poonawalla Fincorp AUM at INR 550 bln as on Dec 31, up 77.5% on year
* Ujjivan Small Fin Bank's gross loan book up 21.6% YoY as of Dec 31
* Suryoday Small Finance Bank's gross advances up 23% YoY as of Dec 31
* IDBI Bank's net advances rise 15% YoY as of Dec 31, deposits up 9%
* M&M Fincl's overall disbursements rise 7% YoY in Oct-Dec to INR 176 bln
* J&K Bank's gross advances rise 17.3% YoY as of Dec 31, deposits up 10.6%
* RBL Bank gross advances up 13% YoY as of Dec 31; deposits up 12%
* PRESS: IFSCA proposes regulatory changes for commodity markets at GIFT-IFSC
* CARE Ratings upgrades Shriram Fin's long-term instrument rtg to AAA from AA+
* Union Bk of India's global loans up 7% on year at INR 10.17 tln as on Dec 31
* PNB's global advances up 11% YoY as of Dec 31; global deposits rise 8.5%
* Bank of India's global gross advances up 13.6% on year as on Dec 31
* Govt launches trade finance schemes for MSME exporters under export mission
* UCO Bank total advances rise 16.3% on year as of Dec 31, deposits up 10.7%
* Banking secy holds meet to consider foreign banks' bid to open ops in India

 

Following are the resistance and support levels for the sector's key 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	999.2	(-)0.00	1014.40	982.50
Axis Bank	1272.00	0.40	1304.30	1253.90
Bank of Baroda	300.65	(-)1.40	309.40	293.00
Canara Bank	150.54	(-)2.80	154.60	147.20
Federal Bank	255.30	(-)4.40	260.00	252.10
HDFC Bank	939.00	(-)6.30	958.30	923.70
ICICI Bank	1404.30	3.60	1439.80	1383.80
IDFC FIRST Bank	86.00	0.10	87.70	84.20
IndusInd Bank	882.25	(-)2.20	898.10	870.20
Kotak Mahindra Bank	2126.80	(-)3.10	2142.30	2108.30
Punjab National Bank	122.90	(-)2.00	125.90	120.70
State Bank of India	1000.50	0.20	1014.80	986.80
Nifty Bank	59251.55	(-)1.50	59967.30	58796.40
Nifty 50	25683.30	(-)2.50	26066.60	25431.40
S&P BSE Sensex	83576.24	(-)2.60	84798.90	82791.00

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Pratiksha

Edited by Akul Nishant Akhoury

 

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.