India's banking, financials index hit lifetime highs ahead of key earnings

Reuters
2025.10.17 06:44
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India's banking and financial indexes reached all-time highs, with NSEBANK rising 0.7% to 57,828.3 points and NIFTYFIN increasing 0.8% to 27,597.7 points, driven by optimism ahead of earnings from HDFC Bank and ICICI Bank. HDBK and ICBK contributed significantly, both up ~0.9%. Analysts attribute the gains to positive earnings outlook and foreign investor buying. HDBK reported a 10% loan growth for the September quarter, while Axis Bank showed strong operational performance in Q2. Year-to-date, NSEBANK and NIFTYFIN are up 13.7% and 17.4%, respectively.