ICICI Bank shares traded marginally higher on Thursday, gaining ₹5.50 or 0.39 per cent to ₹1,407.50 on the National Stock Exchange (NSE) as of 12:06 pm. The upward movement came as part of a broader recovery in banking stocks following a sharp gap-up opening in the Bank Nifty near the 57,507 mark, which allowed the index to reclaim its 20-day exponential moving average.
During the session, the stock opened at ₹1,407.80, touched an intraday high of ₹1,413, and held above its intraday low of ₹1,403.30. Market participation saw a notable increase, with traded volume reaching 34.04 lakh shares by midday and a traded value of ₹479.40 crore. This marked a substantial rise compared to the 11.12 lakh shares recorded during the previous session.
Data from the midday snapshot showed that 73.90 per cent of the traded quantity was in the deliverable segment, pointing to buyer conviction rather than purely intraday positioning. However, sell-side bias remained visible, with 60.53 per cent of order quantity placed on the sell side despite steady price action. Total market capitalisation for the bank stood at approximately ₹10.10 lakh crore.
The Bank Nifty's morning recovery provided a broader tailwind for private bank stocks, alongside other sector movements such as HDFC Bank shares rising 2 per cent from their 52-week low following the Reserve Bank of India clearing a LIC stake increase. The Bank Nifty's relative strength index (RSI) hovered around 51, placing it in neutral territory and indicating improving but not overstretched market momentum.
Looking at longer-term performance, ICICI Bank has recorded a year-to-date gain of 5.16 per cent, standing out against the Nifty 50's decline of 7.39 per cent over the same period. Over three and five-year horizons, the stock has delivered returns of 48 per cent and nearly 107 per cent respectively, outpacing the broader index. The stock's 52-week range spans from ₹1,187.60 to ₹1,480, with the peak recorded on July 20, 2026. The stock currently trades at a price-to-earnings (P/E) ratio of 17.94, with annualised volatility recorded at 23.31 per cent.
"The movement in ICICI Bank reflects broader sector tailwinds driven by the Bank Nifty reclaiming its moving average. High deliverable volumes indicate that institutional and retail buyers are showing genuine conviction rather than just engaging in speculative intraday trading. Long-term performance metrics continue to demonstrate the resilience of large-cap private banks against broader market corrections, making them a focal point for steady portfolio allocation." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
