Bank Nifty rises nearly 1% ahead of HDFC, ICICI Bank Q1 results, reclaims 58,000: What lies ahead?

Bank Nifty rose nearly 1%, reclaiming the 58,000 level ahead of Q1 results from HDFC and ICICI Bank.

Five heavyweight private banks will declare their Q1 results on July 18.

HDFC Bank and ICICI Bank are among the major banks reporting results.