More Stories

Informist, Friday, Feb. 27, 2026

NEW DELHI – The Nifty Bank index is expected to be volatile but stay in a range of 60,000–61,750 points next week, analysts said. Global uncertainties such as the US-Iran tension are likely to weigh on the market, analysts said. 

"Volatility is likely to remain elevated amid uncertain global cues. In the near-term, index is likely to trade in the range of 60,000-61,750," Bajaj Broking Market said in a note. "A decisive move beyond this range could trigger fresh directional momentum."

The Nifty Bank Friday settled at 60529 points, down 1.1% from the previous week. This compared with a 1.5% fall in the Nifty 50 this week.

Nifty Bank was weighed down by IDFC FIRST Bank, which fell 12% this week after the bank detected a near INR 6 billion fraud at one of its branches in Chandigarh. AU Small Finance, which was de-empanelled by Haryana government along with IDFC FIRST Bank, fell nearly 7% this week.

Bank of Baroda and IndusInd Bank were the biggest gainers in the index this week. State Bank of India was down 1.2% from the previous week.

"Bank Nifty formed a bearish candle with a lower high and a lower low signaling profit booking at higher levels. Immediate support is seen at 60,200-60,000 levels being the confluence of the 50 days EMA (Exponential Moving Average) and the key retracement of the previous up move," Bajaj Broking said.

TOP HEADLINES
* S&P Global assigns BBB long-term rtg, stable outlook to Indian Overseas Bank
* Two promoters sell 5.2% stake in Home First via bulk deals for INR 6.60 bln
* Aadhar Housing promoters conclude share purchase agreements; control changes
* RBI amends norms to help urban co-operative bank umbrella body meet mandate
* Gold, silver MF schemes to use spot prices by exchanges for valuation - SEBI
* RBI calls for strong internal controls at banks to deal with cyber frauds
* IRFC board to meet Mar 9 to mull market borrowing programme for FY27
* Fitch assigns Indian Overseas Bank long-term rtg of 'BBB-', outlook stable
* IRFC board to mull 2nd interim dividend for FY26 on Mar 9
* Cholamandalam Invest calls reports on Subbiah's exit 'factually incorrect'
* IBC plan must state treatment of real estate allottees who didn't file claim
* Fair value of co undergoing IBC trial to include tangible, intangible assets
* RBI approves SBI MF to buy up to 9.99% shares in Bandhan Bank
* Info Edge or its subsidiaries to invest INR 2.5 bln in B8 Trust's AIF
* YES Bk reports fraud transactions on co-branded forex card in Latin America
* PRESS: IRDAI to roll out major reforms  in 4-6 mos to lower insurance costs
* SBI MF gets RBI nod to raise aggregate holding in RBL Bank up to 9.99%
* Govt decides against exercising 2% greenshoe option in IRFC offer for sale
* SBI Life to pay INR 2.70 per share interim dividend; record date Mar 6
* CARE assigns 'AAA' rtg for Bank of Baroda's green infra bonds of INR 100 bln
* Fitch ups viability rating of Union Bank, Bank of India to 'bb' from 'bb-'
* IRFC inks loan pact of yen-equivalent $400 mln from Sumitomo Mitsui, MUFG Bk
* KFin Technologies, Computer Age JV appoints Rajesh Krishnamoorthy as CEO
* To soon finalise terms of reference for banking committee, says Sitharaman
* Fitch affirms Bank of Baroda's long-term issuer 'BBB-' rtg; outlook 'stable'
* NCLAT asks IDBI Bank to file plea for withdrawing IBC case against HIL
* Haryana forms panel to examine IDFC FIRST Bk, AU Small Fin Bk fund transfers
* Govt to sell up to 4% stake in IRFC via OFS on Wed, Thu
* FSIB recommends Hitesh Ramesh Chandra Joshi for full-time CMD of GIC
* IDFC FIRST Bank says paid back INR 5.83 bln to Haryana govt departments
* Edelweiss Financial to raise total INR 3.5 bln via NCDs, green shoe option
* Shah buys 2.1% of Edelweiss Fincl from fellow promoter in bulk, block deals
* RBI approves reappointment of Chandan Sinha as RBL Bank part-time chairman
* Top, worst performing schemes in MF categories in week ended Feb 20
* Average returns of all mutual fund categories in week ended Feb 20
* Plutus Wealth Management acquires 2.41% stake in Choice International
* EPFO to return funds worth INR 305 mln in inoperative accts - Govt sources
* Sitharaman says no roadmap for consolidation of PSU banks as of now
* HC bench lifts single judge stay on banks declaring Anil Ambani acct fraud
* No systemic issue in IDFC First Bank fraud case, says RBI Governor Malhotra
* IDFC FIRST Bank mgmt says don't see major impact from INR-5.9-bln fraud
* AU Small Fin Bank says no indication of fraud in closed Haryana govt account
* IDFC FIRST Bank flags INR 5.9-bln fraud in Haryana govt accounts
* Axis Bank says it has no plans to bid for stake in CreditAccess Grameen
* SBI Life board to meet Wed to consider interim dividend; record date Mar 6
* CRISIL assigns 'AAA' rating to Aditya Birla Cap arm's subordinate debt
* ICRA upgrades Nuvama Wealth's issuer, long-term fund rtg to 'AA' from 'AA-'
* Banking secy urges banks to lower cost of borrowing for small businesses
* RBI fines UCO Bank INR 3.86 mln for non-compliance with directions
* India Dec outstanding NRI deposits $169.27 bln, up $7.47 bln from year ago

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:

End

Reported by Shubham Rana

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.