Nifty price prediction Feb 4: Key support at 25,500, resistance near 26,200. Also read Bank Nifty outlook, Nifty options data, and Chandan Taparia stock picks
Bank stocks rally on India-US trade deal, and hopes of the government raising FDI cap in PSBs to 49 per cent, and relaxing voting rights, believe analysts.
Elara Securities sees the outlook for the third quarter of the current financial year to be better for banking and financial sector. It picked ICICI Bank and State Bank of India as its top pick.
Nifty PSU Bank index leads gains in 2025 as public sector lenders post strong loan growth, stable profitability and valuation comfort. Analysts expect the rally to continue into 2026
Chandan Taparia of Motilal Oswal says BPCL share price has broken out of a falling supply trendline on the daily chart with high volumes, supporting positive outlook.
As per the new rules, the index must include a minimum of 14 constituents, compared with the current 12, while the weight of the top constituent will be capped at 20% - down from 33% presently.
Nifty Bank index hit an intra-day high of 57,458.85 on the NSE, and was just 170-odd points shy from it's all-time high level of 57,628.40 registered on July 2, 2025.
Sensex and Nifty fell 2.6 per cent this week, their sharpest drop since February, as heavy FPI selling, US tariffs, and sectoral weakness wiped out Rs 16 trillion in wealth
Nifty gained for the seventh straight session, closing above 25,000 for the first time since August 21, though the rally's pace was modest compared to April's strong surge
Earlier this month, Sebi had temporarily barred Jane Street from accessing Indian markets, accusing the firm of manipulating the popular Bank Nifty index