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Bank Nifty in focus after robust Q4 results by leading private lenders
The Statesman Siliguri
|April 21, 2025
Robust results by leading private lenders like HDFC Bank and ICICI Bank reflect rising investor confidence in the sector's fundamentals, and the stock market is likely to respond positively to their Q4 FY25 results when it opens on Monday, according to analysts.
The Bank Nifty index surged by 2.2 per cent on 17 April to close at 54,290.20, just 177 points shy of its 52-week high of 54,467.35.
The rally was driven by strong gains in heavyweight constituents like HDFC Bank and ICICI Bank. The overall banking space showed impressive strength, reflecting rising investor confidence in the sector's fundamentals.
India's largest private sector lender HDFC Bank posted 6.7 per cent (year-on-year) rise in standalone net profit to Rs 17,616 crore in the fourth quarter of FY25. On a sequential basis, net profit rose by 5.3 per cent.
Dit verhaal komt uit de April 21, 2025-editie van The Statesman Siliguri.
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