ICICI Bank jumps 4 pc, pushes Bankex up 2.4 pc
Shares of ICICI Bank surged nearly 4 per cent today following good first quarter numbers, helping the BSE bank index rally 2.4 per cent.
By PTI |
MUMBAI: Shares of ICICI Bank surged nearly 4 per cent today following good first quarter numbers, helping the BSE bank index rally 2.4 per cent.
The country's largest private sector lender had on Saturday reported a 16.8 per cent jump in net profit at Rs 1,026 crore for the first quarter ended June.
The ICICI Bank counter settled at Rs 939.75, up 3.90 per cent on the Bombay Stock Exchange. During the trade, the scrip jumped 4.17 per cent to touch a month's-high of Rs 942.20. On the National Stock Exchange, it gained 3.89 per cent at Rs 940.10.
On the volume front, over 73 lakh shares of the bank changed hands on the two bourses, taking the BSE Bankex up 2.40 per cent or 277.32 points, at 11,816.87.
"ICICI Bank's profits were led by better productivity and lower non-performing assets provisions," investment firm Anand Rathi said in a note.
The Bankex rally also helped other bank counters gain with SBI and HDFC Bank touching year-high levels. While State Bank of India rose 3.09 per cent, HDFC gained 1.43 per cent, HDFC Bank gained 0.42 per cent.
Shares of SBI settled at Rs 2,581.10, up 3.09 per cent. During the day, the scrip touched a year-high of Rs 2,599.90, up 3.83 per cent. HDFC Bank finished at Rs 2,136.40, up 0.42 per cent after touching a 52-week high of Rs 2,140.90, up 0.63 per cent.
Meanwhile, the BSE-30 share index Sensex also rallied 213 points higher at 18,081.21.
The country's largest private sector lender had on Saturday reported a 16.8 per cent jump in net profit at Rs 1,026 crore for the first quarter ended June.
The ICICI Bank counter settled at Rs 939.75, up 3.90 per cent on the Bombay Stock Exchange. During the trade, the scrip jumped 4.17 per cent to touch a month's-high of Rs 942.20. On the National Stock Exchange, it gained 3.89 per cent at Rs 940.10.
On the volume front, over 73 lakh shares of the bank changed hands on the two bourses, taking the BSE Bankex up 2.40 per cent or 277.32 points, at 11,816.87.
"ICICI Bank's profits were led by better productivity and lower non-performing assets provisions," investment firm Anand Rathi said in a note.
The Bankex rally also helped other bank counters gain with SBI and HDFC Bank touching year-high levels. While State Bank of India rose 3.09 per cent, HDFC gained 1.43 per cent, HDFC Bank gained 0.42 per cent.
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Shares of SBI settled at Rs 2,581.10, up 3.09 per cent. During the day, the scrip touched a year-high of Rs 2,599.90, up 3.83 per cent. HDFC Bank finished at Rs 2,136.40, up 0.42 per cent after touching a 52-week high of Rs 2,140.90, up 0.63 per cent.
Meanwhile, the BSE-30 share index Sensex also rallied 213 points higher at 18,081.21.
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