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Informist, Friday, May 15, 2026

 

By Kabir Sharma

 

MUMBAI – The Bank Nifty is expected to trade on a cautious note next week as investors' focus now shifts to the West Asia war as earnings for all the constituents of the index have been released until Friday, analysts said. "With the Q4FY26 (Jan-Mar) earnings season nearing completion, markets are increasingly expected to shift focus towards global macro developments, currency movements, commodity trends, and policy signals," Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services Ltd., said in a note. 

 

Nifty Bank declined 0.77% to close at 53710.35 on Friday. On a weekly basis, Nifty Bank was down 2.90%. In comparison, the benchmark Nifty 50 fell 2.20% during the week. Kotak Mahindra Bank was the sole gainer on the index this week, with its shares rising 1.6%. IndusInd Bank's shares fell the sharpest, declining 6.8% during the week. 

 

"Investors have turned cautious post the recent relief rally, with rising bond yields, a weaker rupee, and fresh fuel price hikes reviving inflation concerns," Vinod Nair, head of research, Geojit Investments Ltd. said in a note. "...Focus has shifted to potential fiscal and monetary measures to defend the rupee and stabilise the Balance of Payment. Near-term direction is likely to be driven by geopolitical developments — specifically, any progress on reopening the Strait of Hormuz, with the Trump–Xi meeting positioned as the key catalyst."

 

Canara Bank, which reported its earnings Monday, saw its shares fall 4.7% on week. The lender's net profit for the March quarter was INR 45.06 billion, down nearly 10% on year. Sequentially, it fell nearly 13%.

 

For the technical outlook, Vatsal Bhuva, technical analyst at LKP Securities, said, "Bank Nifty formed a bearish candlestick pattern on the daily chart, indicating selling pressure at higher levels. The index is currently consolidating within a narrow range near lower levels, reflecting weak market sentiment and lack of strong buying momentum. Technically, the index continues to trade below its crucial short-term 20-day moving average, which suggests a cautious undertone in the near term. Momentum indicators also remain weak, with RSI (Relative Strength Index) trending lower near the 42 mark. The overall chart structure indicates continued softness in the index. On the levels front, immediate support is placed near 53200, while the 54200–54300 zone is expected to act as a strong resistance area for Bank Nifty in the short term."

 

TOP HEADLINES

 

* Tamilnad Mercantile Bk's income tax demand cut to INR 29 mln from INR 2  bln

* Short-Term Debt: Canara Bank raises INR 60 bln via 3-month CD at 6.95%

* CNBC-TV18: TVS Group set to acquire 9.99% stake in Jana Small Finance Bank

* Earnings Outlook: Muthoot Fin PAT seen sharply up YoY on rise in gold prices

* Jana Small Fin Bk board to Mon mull fundraising via debt, equity instruments

* Bandhan Bank promoter sells over 2% stake in 8 months, stake down to 37.9%

* Short-Term Debt: Canara Bank raises INR 5.5 bln via 3-month CD at 6.70%

* NCLT admits Canara Bank's plea to start IBC proceedings vs Supreme Housing

* Selling unit-linked plans shouldn't be priority for insureres: SBI MD Tewari

* RBI OKs Krishna Prasad Nair's reappointment as Suryoday Small Fin Bk chair

* Bank of India infuses capital of INR 226.4 million in ASREC (India)

* RBI cancels licence of Sarvodaya Co-operative Bank over inadequate capital

* PSU banks' FY26 PAT at all-time high of INR 1.98 tln, NPAs at record low

* SBI board OKs long-term fund-raise plan for up to $2 bln via bonds in FY27

* Uday Kotak warns of big impact on India if West Asia war continues

* Dharmendra Singh Shekhawat withdraws nomination for SBI director post

* Canara Bank hikes MCLR by 5 bps across tenures effective Tuesday

* Bank of Baroda keeps MCLR unchanged across tenures

* India needs INR 3,500 tln capital to meet developed econ aim, says SBI Setty

* Analyst Concall: Canara Bank focused on growing retail, farm, MSME credit

* SEBI for allowing use of depositories' investor protection fund on employees

* Moody's upgrades YES Bank's rating to Ba1 from Ba2, outlook stable

* Warning of 'unknown unknowns', PM's principal secy says must build resilience

* Canara Bk likely to announce FY27 fundraising plan in next 2-3 mos: official

* SEBI proposes to cut time to launch AIF schemes to 10 days from current 30

* Earnings Review:Fall in other income, higher opex pull down Canara Bk Q4 PAT

* Earnings Review:Utkarsh Small Fin Bk posts loss Q4; income dn, provisions up

* No plans to raise funds in Apr-Jun, see firm credit growth - Bank of India MD

* Earnings Review: CreditAccess Q4 PAT jumps 7-fold on year on lower expenses

* Analyst Concall: Bk of Baroda may lend over INR 120 bln under ECLGS 5.0 - MD

* RBI OKs final norms, allows bks to include qtr PAT for capital adequacy ratio

* Short-Term Debt: IDBI Bk raises INR 2 bln via 3-mo CD at 6.72%, source says

* Analyst Concall: SBI sees no impact of war in West Asia on asset quality

* Bank of Baroda guides for 12-14% loan growth, 10-12?posit growth in FY27

* RBI fines YES Bank INR 3.18 mln for breach of KYC norms

* Earnings Review: Bk of India posts double-digit Q4 PAT rise as provisions dn

* Earnings Review: Bank of Baroda Q4 PAT beats estimates on strong NII growth

* SBI retaining guidance on loan growth, NIM for FY27 as well - Chair Setty

* Earnings Review: Cholamandalam Fincl Q4 PAT up 12%; impairment limits gains

* SBI Setty says expect to resolve demands of employee union before strike

* SBI retaining guidance on loan growth, NIM for FY27 as well: Chair Setty

* Data Alert: Life insurers' first-year premium income rises 39% YoY in April

* Earnings Review: Ujjivan Small Fin Bank's PAT up 3-fold as provisions slump

* Earnings Review: SBI net profit beats Street view as provisions fall sharply

 

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	990.50	(-)5.70	1,025.90	958.50
Axis Bank	1,244.80	(-)1.90	1,271.50	1,228.70
Bank of Baroda	261.40	(-)1.00	273.60	254.60
Canara Bank	128.07	(-)4.70	132.70	125.50
Federal Bank	281.30	(-)5.40	287.80	275.00
HDFC Bank	767.50	(-)1.70	788.10	755.10
ICICI Bank	1,244.50	(-)1.60	1,264.20	1,232.20
IDFC FIRST Bank	67.65	(-)5.10	69.50	65.70
IndusInd Bank	886.40	(-)6.80	920.80	864.70
Kotak Mahindra Bank	387.05	1.60	399.80	374.20
Punjab National Bank	102.05	(-)4.80	106.00	99.80
State Bank of India	963.20	(-)5.50	979.70	948.70
Index	Levels
Nifty Bank	53710.35	(-)2.90	54585.20	53190.90
Nifty 50	23643.50	(-)2.20	23926.70	23468.70
S&P BSE Sensex	75237.99	(-)2.70	76146.90	74685.00

 

 

End

 

US$1 = INR 95.97

 

Edited by Tanima Banerjee

 

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