HDFC Bank, SBI, other stocks jump up to 2%; Nifty Bank gains 560 points. What lies ahead?

Nifty Bank surged around 561 points to 58,023, led by SBI (up about 2%) along with HDFC Bank, ICICI Bank, Axis Bank, PNB, Canara Bank and Bank of Baroda rising over 1% each. Five heavyweight private banks (HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank) are scheduled to announce Q1FY27 results on Saturday, July 18. Brokerages like Nomura and Kotak Institutional Equities expect a steady quarter with strong loan growth and stable asset quality, but flagged potential NIM contraction as the key risk.