were trading lower on Wednesday morning, down ₹8 or 0.56 per cent at ₹1,430 on the as of 11.38 am, after the private lender disclosed details of its FCNR (B) deposit mobilisation under RBI’s swap facility ahead of the August 31 deadline.
The stock opened at ₹1,425.10, touched an intraday high of ₹1,436 and a low of ₹1,422.60, with sell-side pressure slightly dominant, 52.73 per cent of total order quantity was on the sell side, against 47.27 per cent on the buy side. Traded volume stood at 32.41 lakh shares, with a traded value of ₹463.29 crore. The bank’s total market capitalisation was at ₹10,24,893.94 crore. The stock’s 52-week high is ₹1,480, hit on July 20, 2026, while the 52-week low of ₹1,187.60 was recorded on April 2. The P/E stands at 18.40.
The broader sectoral index, Bank Nifty, added to the pressure. The index opened with a sharp gap-down near 57,006, slipping below the key psychological 57,000 level and its 50-day and 100-day EMAs. Analysts note resistance at 57,500–57,600, with downside support at 56,800–56,600, coinciding with the 200-day EMA. RSI hovers around the neutral-to-weak 48 zone, while MACD remains in negative territory. The broader nine-week consolidation range between 56,500 and 58,700 remains intact, with analysts at multiple brokerages flagging that a decisive breakout or breakdown will be needed to establish directional momentum.
ICICI Bank informed that gross mobilisation under RBI’s FCNR (B) swap facility up to August 31, 2026 stood at approximately $17.88 billion (₹1,702 billion). Loans extended by international branches and subsidiaries against these deposits were approximately $9 billion (₹856 billion), while standby letters of credit issued to other banks amounted to $3.63 billion (₹346 billion). The bank additionally issued approximately $3.55 billion in USD-denominated bonds during July-August 2026. The information was flagged as provisional and unaudited.
Despite the morning weakness, ICICI Bank has returned 6.71 per cent year-to-date, sharply outperforming the Nifty 50’s negative 8.92 per cent return over the same period.