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Informist, Friday, Jan. 30, 2026

By Kabir Sharma

MUMBAI – The Union Budget for 2026-27 (Apr-Mar, to be presented Sunday, and earnings of banks over the week are expected to dictate the direction of the Nifty Bank index next week, analysts said. 

"As per our expectations following the Economic Survey, the upcoming Budget is likely to be realistic yet ambitious in its outlook, with a clear focus on "Swadeshi," which appears both inevitable and necessary in the current global landscape," Siddhartha Khemka - head of research, wealth management, Motilal Oswal Financial Services Ltd. said in a note.

On Saturday, IDFC First Bank is expected to report a 47% on-year rise in its net profit to nearly INR 5 billion for the December quarter, as per the average of estimates from six brokerages. The bank had reported a net profit of INR 3.39 billion in the year-ago quarter and INR 3.52 billion in the September quarter. 

The Nifty Bank index Friday settled at 59610.45 points, up 2% from the previous week. Axis Bank and State Bank of India were the two gainers in the index this week, while Kotak Mahindra Bank and Canara Bank were the top losers.

In its technical view, LKP Securities said, "Bank Nifty has reclaimed its falling trendline breakout zone and is now sustaining above its short-term 20-day and 50-day moving averages, indicating improving price structure. Momentum indicators are also supportive, with RSI witnessing a bullish crossover, suggesting strengthening upside bias. However, on the derivatives front, the 60000 strike holds the highest open interest from both call and put writers, making it a crucial pivot level. Being a high-beta index, volatility is expected, with support placed at 59000 and resistance near 60400 levels."

TOP HEADLINES

* Data Alert: Banks loan growth eases to 13.1% as of Jan 15, deposits up 10.6%

* Analyst Concall: Protecting NIM remains top priority, says Canara Bank

* Canara Bank focusing on high-yield retail, agri, MSME loans to protect NIM

* Analyst Concall: Protecting NIM remains priority, says Canara Bank

* EconSurvey: NCLT to take 10 yrs for pending cases; need faster IBC timelines

* Earnings Review: Equitas Small Fin Bk Q3 PAT up 36% YoY on lower provisions

* Earnings Review: Capital Small Fin PAT flat; NII offsets labour code impact

* Earnings Review: Canara Bank Oct-Dec PAT up 26% on rise in other income

* EconSurvey:Growth of microfin sector hinges on responsible lending practices

* Earnings Outlook: Canara Bank's PAT seen up on gains from stake sales

* Banking secy urges lenders, NARCL to reduce delay in acquiring bad loan acct

* Earnings Outlook:Bank of Baroda Q3 net to fall as provisions rise, NIM falls

* Union Bank appoints Dhirendra Jain as new CFO after Avinash Prabhu resigns

* Earnings Review: CSB Bank posts flat YoY growth in PAT as provisions surge

* Analyst Concall: To meet FY26 AUM growth target with positive bias: SBI Life

* CORRECTS: Earnings Review: SBI Life PAT up 5% YoY on rise in premiums

* RBI permits Punjab & Sind Bank to set up IFSC banking unit in GIFT City

* Earnings Review: SBI Life PAT up 5% YoY on rise in premiums, invest income

* RBI approves reappointment of Rishi Gupta as MD, CEO of Fino Payments Bank

* Earnings Outlook: Equitas Small Finance Bank Q3 PAT seen up threefold QoQ

* Axis Bank reappoints Subrat Mohanty as whole-time director effective Aug 17

* Analyst Concall:Axis Bk says some work to be done to improve deposit quality

* Axis Bank cautious about growth of retail portfolio, says 73% secured

* Analyst Concall: Some work to be done on improving deposit quality - Axis Bk

* Earnings Review: Axis Bk PAT tops mkt view; margin pressure caps YoY growth

* Analyst Concall: Kotak Bank to evaluate any acquisition on 3 parameters

* Kotak Mahindra Bank sees credit card business growing in coming quarters

* Earnings Review: Kotak Mahindra Bank Q3 PAT misses estimate on rise in opex

* United Forum of Bank Unions has called for strike on Tue, say banks

* Analyst Concall: IndusInd Bank looks to grow in line with mkt by end-FY27

* Earnings Review: Karur Vysya Bank Q3 profit up 39% YoY on lower provisions

* IndusInd Bank hopes to see growth in microfin loans Q4 onwards

* Earnings Review: IndusInd Bk back in black from qtr ago; PAT trails mkt view

* Govt hikes RBI staff pension, NABARD, PSU general insurance cos staff wages

* Earnings Review: Shriram Fin Q3 net profit rises on healthy NII, higher NIM

* Earnings Review: DCB Bk PAT up on rise in other income, matches street view

* Earnings Review: Karur Vysya Bk Q3 net profit rises 39% on lower provisions

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

Edited by Deepshikha Bhardwaj

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