Bank Nifty At New Record High of 57,651 Ahead of HDFC, ICICI Bank Q2 Earnings

Mumbai, October 17, 2025: The Nifty Bank index reached a new record high on Friday at 57,604.95 at 10:48 IST, up 0.32% from the previous close of 57,422.55. Earlier in the session, the index had touched an intraday high of 57,651, surpassing its earlier lifetime high of 57,628, as investors front-loaded purchases ahead of key quarterly results from HDFC Bank and ICICI Bank. The market breadth in the index was even, with six stocks advancing and six declining.

Index Performance Snapshot

The index opened at 57,362.90 and touched a day’s low of 57,238.65. Total traded volumes stood at 37.39 million shares, with a total traded value of ₹2,051 crore. The 52-week range of the Nifty Bank index is 47,702.90 to the new high of 57,651, highlighting strong momentum in the banking sector ahead of upcoming earnings releases.

Sector Movement

Advances in front-line private banks lifted the index, while some public sector and mid-cap lenders lagged. Leading the gains, Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank, IDFC First Bank, and SBI recorded healthy advances, supported by optimism around private sector banks. Selling pressure was noted in Canara Bank, Federal Bank, AU Small Finance Bank, PNB, Kotak Bank, and Bank of Baroda, partially offsetting the overall market breadth.

Context and Outlook

The new intraday lifetime high reflects the market’s anticipation of HDFC Bank and ICICI Bank’s September quarter results. Strong positioning in large private sector lenders underscores the pre-earnings optimism in the banking sector. Market participants are closely watching these banks for signals on credit growth, asset quality, and profitability trends.

REF: https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY BANK

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