Nifty Bank index saw several major private banks among the day’s top losers.
HDFC Bank, ICICI Bank, Kotak Mahindra Bank were down as investor concern ros
e over earnings outlook.
Smaller banks had mixed performance; some gains among smaller / regional names.
The weakness in banks contributes to pressure on the banking heavy index.
Interest rates, credit growth, and asset quality concerns weigh on bank st
ocks.
Analysts say support is around the 55,500 level for Bank Nifty; resistance near
56,000-56,250.
Traders may reduce exposure until clarity on macro and credit risks emerges.
Bank stocks remain central to market direction, especially under foreign inve
stor flows.
Some bank names with stable balance sheets still attract selective buying.
Overall, banking sector outlook remains mixed for short term.