The banking sector is once again in the headlines in the Indian stock market. HDFC Bank and ICICI Bank presented great results in the fourth quarter of FY 2024-25, which has returned confidence in investors and is expected to be a special focus on the Nifty Bank Index on Monday. Market analysts believe that after the better performance of these major banks, there may be a positive trend in banking stocks.

Banking sector getting stronger

In the last trading session, the Nifty Bank closed at 54,290.20 with a rapidly of 2.2 per cent, which is just 177 points from 54,467.35, the highest level of its 52 -week. In the last one week, the banking index has seen a tremendous jump of 3,287 points, that is, a increase of about 6.45 percent has been recorded. It is an indication that there is a positive feeling about the banking sector in the market.

Three big private banks showed strength

HDFC Bank, ICICI Bank and Yes Bank, these three private banks did not disappoint their investors in the fourth quarter. HDFC Bank’s standalone net profit has increased by 6.7 percent to Rs 17,616 crore on an annual basis. It has also increased by 5.3 percent on a quarterly basis.

At the same time, the country’s second largest private bank ICICI Bank has earned a profit of 12,630 crores with an annual increase of 18 percent. While the performance of Yes Bank was also a comfort, which recorded a profit of ₹ 38.12 crore with an annual growth of 63.7 per cent.

Bulish signals are also showing technical charts

According to technical analysts, the Nifty Bank has created a strong bullish candle on the daily chart, with a high level of 54,407.20. This is just 60 points away from its all -time high level. In the last seven trading sessions, Bank Nifty has shown a rise of about 10.68 per cent and has jumped 5,250 points from its recent swing.

Where will the bank Nifty go in the coming days?

According to a report published on Zee Business, Choice Broking believes that Nifty Bank’s closure near 54,290 shows that there is aggressive purchases in the market. The firm suggests that if the bank Nifty rests above 54,300, it can go from 55,000 to 56,000 levels in the next few sessions. The broking house believes that if there is any decline in the market, 53,600 or 53,000 levels should be seen as a purchase opportunity.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

Also read: FPIs are investing money in Indian shares fiercely for mistake, Rs 10,824 crore invested in 2 days

There has been a tremendous boom in the markets for the seventh consecutive day. In such a situation, this jump has been seen in both Sensex and Nifty. With this, the compensation in the year 2025 has been completed. Such the enthusiasm of investing in the Indian market from foreign investors and heavy purchases in banking shares show tremendous. Now let us know what has been the reason for this market fast:

1-A tremendous return of the foreign investor

Foreign investors are once again seen returning to the stock market. On Friday, FPI made a net purchase of Rs 7,470.36 crore. However, the main reason for this is the change in the FTSC index. With this, the period of selling from foreign investors in October 2024 now seems to be stopping.

This has strengthened the sentiment of investors. According to Moneycontrol Dock Com Com, Jio Jeet Financial Chief Investment Strategist V.K. Vijay Kumar said that FPI selling, strengthening of rupee, reduction in inflation and strength of Indian rupee have returned so much confidence in the market.

Rupee stronger against 2-dollar

The Indian rupee climbed 37 paise to close at 85.61 per dollar against the US dollar on Monday. The rupee has benefited from dollar and foreign investment in the domestic market.

3-strong global signal

The third reason for the tremendous rise in the stock market is signs of strength in the global market. There is a phase of strength in the US stock market and an increase in the Indian stock market as well. US President Donald Trump has indicated to adopt a selective approach over a possible tariff. Donald Trump can only target countries whose trade with the US is surplus.

After these signs, now the fusers of American stocks have increased. At around 10 am in Somavar, Dau Future was trading with a gain of 0.47 percent. Earlier on Friday, the SNP 500 index and Dow Jones Industrial Average were 0.1%. At the same time, 0.5% jumped in Nesdech Composite. Investors are now monitoring the April 2 deadline for action related to possible tariffs.

4- Tremendous boom in banking stocks

The fourth reason for the boom in the stock market was a tremendous rise in banking stocks. On Monday, the Nifty Bank index jumped 1 thousand points and reached 51635 level during the business. While the shares of Kotak Mahindra Bank, Canara Bank and Punjab National Bank have witnessed the highest increase of 3 percent.

Improvement in 5-directors’ sentiments

The fifth and last reason for sharing the stock was improvement in investors’ sentiments. The Sensex saw a great rise of 3076.6 points, or 4.16 percent last week. At the same time, the Nifty also jumped up to 953.2 points i.e. 4.25 percent. Due to this, there has been an improvement in the sentiment of investors.

Siddharth Khemka, Research Head Wealth Management of Motilal Oswal Financial, said that the return of FII can continue in the stock market due to attractive valuation and better economic data.

Also read: Stock market accelerates for the seventh consecutive day, Sensex crosses 78000 as soon as it opens, this year’s decline has been made