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

ICICI Bank

17/10/2025 08:09

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** India's banking .NSEBANK and broader financials .NIFTYFIN indexes hit lifetime highs ahead of key earnings from HDFC Bank HDBK.NS and ICICI Bank ICBK.NS on Saturday

** NSEBANK up 0.7% at record 57,828.3 points, while NIFTYFIN rose as much as 0.8% to 27,597.7; benchmark Nifty 50 .NSEI hits one-year high

** HDBK and ICBK up ~0.9% each, top contributors to banking, financials index

** Optimism around earnings and buying from foreign investors driving gains, multiple analysts say

** HDBK's loan growth in September quarter improved to 10%, its pre-earnings update showed earlier this month

** Axis Bank AXBK.NS posted strong operational performance and better asset quality for Q2 on Wednesday

** YTD, NSEBANK and NIFTYFIN up 13.7% and 17.4%, respectively; NSEI up 9%

Nifty Bank, Nifty Financial Services hit record high ahead of key earnings https://reut.rs/47v1088

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))