# Indian Bank Stocks Surge: Nifty Bank Index Gains 560 Points Shares of major banks like HDFC Bank and SBI rose by up to 2%. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/68340930-e763-4f5b-9509-d874ed989290 ## Surge in Bank Stocks Shares of major banks such as HDFC Bank, State Bank of India (SBI), and IndusInd Bank rose by up to 2% on Wednesday. This increase pushed the Nifty Bank index up by 1% to 58,023 points. Financial stocks led the gains on Dalal Street. ## Leading Gainers State Bank of India (SBI) shares led the gains with a 2% increase, while Union Bank of India, Punjab National Bank (PNB), Canara Bank, and HDFC Bank shares also rose by over 1%. IDFC First Bank, ICICI Bank, and AU Small Finance Bank shares gained nearly 1%. ## Improvement in Financial Sector Siddhartha Khemka, head of research at Motilal Financial Services, stated that improving balance sheets, better liquidity conditions, stable interest rates, and moderating credit costs would support stronger growth in the financial sector. These factors could mark the beginning of a broad-based earnings upside. ## Q1 Earnings Expectations The sharp rise in Indian bank stocks came ahead of the critical Q1 earnings announcements scheduled for Saturday. Major private banks like HDFC Bank, Axis Bank, Kotak Mahindra Bank, ICICI Bank, and Yes Bank are set to announce their April-June quarter results for the FY27 financial year. ## Nomura's Analysis Nomura expects the banks under its coverage to report modest core-PPOP growth, driven by soft NII growth and controlled operational expenses. ICICI Bank, HDFC Bank, and Kotak Mahindra Bank are among Nomura's top picks. ## Technical Outlook and Expectations Vatsal Bhuva, Technical Analyst at LKP Securities, expects the Nifty Bank index to find support in the 56,800–56,900 zone, with immediate resistance around 58,200. Bajaj Broking noted that 58,700 is a near-term hurdle, and a decisive close above this level could trigger the next rally. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/hdfc-bank-sbi-other-stocks-jump-up-to-2-nifty-bank-gains-560-points-what-lies-ahead/articleshow/132409899.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._