Bank Nifty Hits New Record High Ahead of Key Bank Q2 Results

The banking sector witnessed a strong surge on October 17, 2025, as the Bank Nifty index climbed to a fresh all-time high. Traders and market watchers are keeping a close eye on sector ahead of Q2 earnings from major lenders like HDFC Bank and ICICI Bank.

Market Performance

• Bank Nifty jumped over 200 points during the session, touching 57,651, surpassing its previous record of 57,628.
• From March 2025 lows, the index has added 10,000 points, reflecting a broad-based recovery across banking stocks.
• Equity benchmarks also recovered early losses, with Nifty 50 rising 0.42% to 25,693.3, marking the highest level since October 1, 2024. Sensex gained 0.50% to 83,887.58, reversing a weak start to the session.

Sector Momentum

The rally in Bank Nifty was led by large private and public sector banks:

• HDFC Bank: Up 18% from 2025 lows
• ICICI Bank: Up 18%
• Axis Bank: Up 17%
• Kotak Mahindra Bank: Up 15%
• IDFC First Bank: Up 28%
• SBI: Up 22%
• Federal Bank: Up 19%
• Canara Bank: Up 52%
• AU Small Finance Bank: Up 46%
• PNB & Bank of Baroda: Each rose 30%

The broad gains reflect sustained buying interest and strong market confidence in the banking sector, despite global and domestic uncertainties.

Main News

The surge comes ahead of key quarterly results, with market participants awaiting updates on Q2 performance for HDFC Bank and ICICI Bank.

• HDFC Bank and ICICI Bank are scheduled to announce their earnings on October 18, 2025.
• The sectoral optimism has lifted Bank Nifty to new record highs, while large-cap stocks are seeing steady inflows.
• Reliance Industries’ post-market results on October 17 also contributed to bullish sentiment, supporting broader indices.

Company Details

HDFC Bank

• Net Interest Income (NII) projected at Rs 31,105 crore, up modestly from Rs 30,111 crore in Q2FY25.
• Revenue expected around Rs 44,507 crore, a 7% increase from the same period last year.
• Profit forecasted to be slightly lower at Rs 16,714 crore, down 0.6% from Rs 16,821 crore in Q2FY25.

ICICI Bank

• ICICI Bank’s Q2 results are awaited, with investor focus on loan growth, margins, and operational resilience.
• The bank has contributed significantly to Bank Nifty’s recovery, with a gain of 18% from 2025 lows.

Summary

Bank Nifty’s record-breaking rally demonstrates the resilience and strong recovery in the Indian banking sector. With major banks poised to report Q2 earnings, market participants are closely monitoring developments for further momentum. The sector’s performance, supported by both public and private banks, underlines continued investor confidence, highlighting the importance of banking stocks in the broader market rally.

• Bank Nifty now trades close to 57,823, a gain of 10,000 points from March lows.
• The rally spans both large private and public sector lenders, reflecting balanced sector growth.
• Key quarterly results will determine if the bullish trend continues into the final quarter of FY26.