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Informist, Friday, Feb. 6, 2026

 

By Kabir Sharma

 

MUMBAI – Banking stocks are expected to take cues from State Bank of India's earnings on Saturday, analysts said. The market will also watch for developments in the India-US trade deal, which is expected to provide cues for the broader equity market, they said. 

 

The Nifty Bank Friday settled at 60120.55 points, up 0.9% from the previous week. Kotak Mahindra Bank and ICICI Bank were the top gainers in the index this week, while Bank of Baroda and Axis Bank were the top losers.

 

SBI will announce its results on Saturday. The country's largest bank is expected to report a net profit of INR 173.6 billion for the December quarter, according to the average of estimates from 13 brokerages. This will be just 2% higher than the year-ago quarter but over 11% higher than a quarter ago.

 

The index may also take cues from the Reserve Bank of India's monetary policy on Friday. In a unanimous decision, the Monetary Policy Committee left the policy repo rate unchanged at 5.25%. It also retained the policy stance at 'neutral', even as external member Ram Singh felt that it should be changed to 'accommodative'.

 

"Bank Nifty is currently consolidating above its falling trendline breakout levels and continues to sustain above its short-term 20-day moving average, indicating underlying strength in the index," Vatsal Bhuva, technical analyst at LKP Securities, said. "Momentum indicators also support the bullish view, with RSI holding firmly in a bullish crossover zone. This setup suggests a buy-on-dips strategy can be considered as long as the index sustains above the crucial 59,500 mark." Bhuva pegs immediate support at 59,800 and resistance at 60,800, where some profit booking may emerge.

 

TOP HEADLINES

* RBI Policy: To manage govt's FY27 borrow plan efficiently, say RBI officials

* RBI Policy:Plans framework to compensate customers hit by small-ticket fraud

* Earnings Outlook: SBI PAT to rise marginally; net interest margin seen flat

* Bank of Baroda gets RBI OK to set up, infuse INR 20 bln in wholly-owned PD

* RBI Policy: Proposes to allow banks to lend to REITs with certain safeguards

* Fitch revises outlook on ICICI Bank to positive, affirms rating at 'BB+'

* RBI allows Blackstone-backed investor to buy up to 9.99% stake in Federal Bk

* Fitch ups outlook on Axis Bank's long-term issuer default rtg to 'positive'

* Indian banking sector faces moderate risk from corporate stress, says S&P

* Short-Term Debt: Canara Bank raises INR 70 bln via 3-month CD at 6.98%

* Short-Term Debt: Punjab National Bank raises INR 45 bln via two CDs Wed

* SC notice to PNB, Bk of Maharashtra on plea to probe Asian Hotels settlement

* Earnings Review: Tamilnad Bk Q3 PAT up 14% on rise in interest on advances

* SC asks ED to form SIT, CBI to probe bk officers in Reliance cos' bank fraud

* RBI OKs appointing Vinay Muralidhar Tonse as MD, CEO of YES Bank for 3 yrs

* Cost efficiency, governance key for India PSU bks to become world class: S&P

* Earnings Review: Utkarsh Small Fin loss doubles YoY as interest income falls

* Earnings Review: City Union Bank Q3 PAT up 16% on rise in interest income

* Insolvency amendment bill likely in 2nd half of Budget session - Sitharaman

* BUDGET: Govt to set up high level committee on banking for Viksit Bharat

* Bank of Maharashtra cuts MCLR on overnight, 1-month tenures effective Sat

* Analyst Concall:IDFC FIRST Bk sees NIM near 5.85% Q4 as cost of funds to dip

* Earnings Review: Healthy income, low provisions lift IDFC FIRST Bk's Q3 PAT

* Need level playing field for all financial instruments, says SBI Chair Setty

* SBI Setty expects invest of INR 100 tln in sunrise sectors over next 5 years

* IndusInd Bank appoints Arijit Basu as part-time chairman, effective Sat

* Earnings Outlook: City Union Bank PAT seen up 17% YoY on strong loan growth

* Analyst Concall:Bk of Baroda eyes loan growth of 11-13% FY26, deposits 9-11%

* Bank of Baroda MD says bank has strong corporate loan pipeline

* Earnings Review: Lower provisions lift Bank of Baroda's Q3 PAT by 4% YoY

* Earnings Review: ESAF Small Fin Bk returns to profit Q3 on lower provisions

* Bank of Baroda board OKs raising up to INR 100 bln via long-term bonds

* Earnings Review: Lower provisions lift Bank of Baroda's Q3 PAT by 4%

* Short-Term Debt: Indian Bank raises INR 10 bln via one-year CD at 7%

* Earnings Outlook: IDFC Bank Q3 PAT seen up sharply on loan growth

* RBI Policy: To rationalise norms for unsecured loans by urban co-op banks

* SEBI floats consultation paper on ease of doing business for REITs, InvITs

* NSE, BSE grant approval for MUFG Bank's stake purchase in Shriram Finance

 

The 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	991.05	0.90	1003.10	969.80
Axis Bank	1341.60	(-)2.10	1359.30	1315.90
Bank of Baroda	289.20	(-)3.40	295.00	281.80
Canara Bank	147.31	(-)0.10	151.50	142.80
Federal Bank	286.80	(-)0.30	291.60	282.00
HDFC Bank	941.10	1.30	952.80	931.80
ICICI Bank	1406.10	3.80	1419.60	1388.00
IDFC FIRST Bank	85.11	1.80	86.70	83.40
IndusInd Bank	903.60	0.80	927.30	883.20
Kotak Mahindra Bank	422.35	3.50	433.50	404.80
Punjab National Bank	122.85	(-)1.90	126.00	119.70
State Bank of India	1066.40	(-)1.00	1086.30	1041.10
Index	Levels
Nifty Bank	60120.55	0.90	60477.00	59466.30
Nifty 50	25693.70	1.50	25841.90	25417.80
S&P BSE Sensex	83580.40	1.60	84059.40	82685.90

 

 

End

 

Edited by Saji George Titus

 

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