The Indian market rallied nearly 1% on Monday, tracking positive global cues. The S&P BSE Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points. Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw selling pressure. Stocks that were in focus include names like Supreme … Read more
ICICI Bank received approval from the Reserve Bank of India (RBI) to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private lender currently holds a 48.01% share in ICICI Lombard. The second-largest private bank received the RBI nod on Friday, it said in a filing to … Read more
The Indian market is likely to consolidate on Thursday tracking muted global cues. The S&P BSE Sensex and Nifty50 closed mixed on Wednesday. The Nifty50 closed just a shade below 19,400 levels. India VIX was up by 1.56% from 11.70 to 11.88 levels in the previous trading session. Volatility was on the rise and made … Read more
NEW DELHI: India’s second largest private sector lender ICICI Bank shares rallied over 2.5% today to Rs 906.75 after analysts said its Q4 earnings were flawless for the thirteenth quarter in a row. The bank reported a solid 30% YoY profit growth on the back of 35% YoY operating profit growth. In the March quarter, … Read more
Indian markets closed lower on Friday tracking muted global cues. The S&P BSE Sensex fell more than 200 points while Nifty50 managed to hold on to 18000 levels last week. Sectorally, buying was seen in power, utilities, banks, and the public sector while selling was seen in telecom, consumer durables, FMCG, and metals. Stocks that … Read more
Shares in the banking sector topped the list of best performers in 2022 even though Dalal Street saw record selling by foreign institutional investors (FII). Banks and financials constitute a third of FIIs’ overall portfolio. In 2022 so far, the Nifty Bank index has gained about 22%, giving the best returns in six years. The … Read more
Indian markets snapped a 7-day winning streak on Tuesday and closed in the red tracking muted global cues. The S&P BSE Sensex fell nearly 300 points while the Nifty50 closed below 17,700 levels. Sectorally, buying was seen in capital goods, auto, public sector, oil & gas while some selling was seen in FMCG, telecom, realty, … Read more
Synopsis ICICI Bank share price has given a 23% CAGR in the past 5-year period, while its profitability has increased by 20% CAGR in the period. The deposit book of the bank improved from Rs 5,60,975 crore in March 2018 to Rs 10,64,572 crore in March 2022. While its advances improved from Rs 5,12,395 crore … Read more
NEW DELHI: With every passing quarter, the battle of the banks is getting more intense on Dalal Street. While India’s largest private sector lender has been the epitome of the ideal consistent compounding stock, its closest rival appears to be gradually taking over the seat of Mr Favourite in the eyes of investors. After seeing … Read more
is likely to report nearly 40 per cent rise in year-on-year (YoY) net profit on a 20 per cent jump in net interest income (NII). Net interest margin (NIM) may see a marginal rise, a few brokerages anticipate. Brokerage Sharekhan expects ICICI bank to report a 39.80 per cent YoY rise in net profit at … Read more