2/5/2025, 1:27:03 pm

Banking stocks hold ground, cushion Nifty's fall; all eyes on SBI Q4 result

The Bank Nifty index cushioned the Nifty’s decline on May 2, with banking stocks like HDFC Bank, ICICI Bank, SBI, and Axis Bank rising 0.2-1% intraday amid optimism over their Q4 performance. SBI is expected to report a 13% YoY profit fall due to lower treasury income, while private banks like HDFC Bank and ICICI Bank received positive brokerage reactions for their robust Q4 results.