ICICI Bank Share Price Live Updates: ICICI Bank's volatility measured by its beta
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The Hindu
4 hours ago
- The Hindu
Sensex climbs 143 points on buying in ICICI Bank, Reliance
Stock markets extended the winning run to the sixth consecutive day on Thursday (August 21, 2025), with benchmark Sensex closing higher by nearly 143 points on buying in blue-chip shares ICICI Bank and Reliance Industries. The 30-share BSE Sensex climbed 142.87 points or 0.17%, to settle at 82,000.71 in a restricted trade. During the day, it rallied 373.33 points or 0.45%, to 82,231.17. As many as 14 Sensex shares closed higher, while 16 ended with losses. The 50-share NSE Nifty rose by 33.20 points or 0.13%, to 25,083.75. Among Sensex firms, Bajaj Finserv, ICICI Bank, Reliance Industries, Bajaj Finance, Larsen & Toubro and Bharat Electronics were the major gainers. However, Power Grid, Eternal, Hindustan Unilever and Adani Ports were among the laggards. Gains in pharma, realty, and financial shares supported the rally, while profit-taking in FMCG, energy, and auto shares capped gains. Market experts stated that the proposed GST reforms and a recent credit rating upgrade have bolstered investors' confidence. A Group of Ministers on GST rate rationalisation has accepted the Centre's proposal to move to a two-slab structure of 5% and 18%. The GST Council is likely to take a final call on the proposal next month. Goods and Services Tax is a 4-tier structure of 5, 12, 18 and 28%. Also read: Required reforms: On reforms to the GST system 'Markets traded lacklustre on the weekly expiry day and ended largely unchanged amid mixed cues. After a flat start, the Nifty moved in a narrow range throughout the session,' Ajit Mishra – SVP, Research, Religare Broking Limited, said. Investors also turned their attention towards U.S. Federal Reserve Chair Jerome Powell's forthcoming statements at the Jackson Hole Symposium. The BSE smallcap gauge ended flat, ending marginally higher by 0.01%. The midcap index dipped 0.12%. Among BSE sectoral indices, healthcare climbed 0.61%, realty (0.46%), industrials (0.25%), oil and gas (0.19%) and financial services (0.17%). Power, commodities, consumer discretionary, FMCG, utilities and auto were among the laggards. As many as 2,098 stocks advanced while 1,995 declined and 155 remained unchanged on the BSE. In Asian markets, South Korea's Kospi and Shanghai's SSE Composite index settled in positive territory, while Japan's Nikkei 225 index and Hong Kong's Hang Seng ended lower. Markets in Europe were trading in negative territory. The U.S. markets ended mostly lower on Wednesday (August 20, 2025). Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,100.09 crore on Wednesday (August 20, 2025), while Domestic Institutional Investors (DIIs) bought stocks worth ₹1,806.34 crore, according to exchange data. Global oil benchmark Brent crude climbed 0.90% to $67.44 a barrel. In the six-day rally to Thursday (August 21, 2025), the Sensex has climbed 1,765 points, or 2.14%, and the Nifty by 596 points, or 2.4%.
Time of India
4 hours ago
- Time of India
Banks' credit growth edges past deposits ahead of Ganesh Chaturthi
Banks' credit growth outpaced deposit growth barely weeks ahead of Ganesh Chaturthi, which marks the beginning of the festive season. The year-on-year credit growth print was seen at 10.22% at the end of August 8, while deposit growth was at 10.05%, provisional data from the Reserve Bank of India showed. A fortnight back, deposit growth was seen at 10.2%, while advances growth was 10%. The data reflects the position of scheduled commercial banks. Lending by non-banking finance companies or by the cooperative sector entities is not included here. The outstanding deposits with scheduled commercial banks stood at Rs 235 lakh crore at the end of August 8, while the outstanding bank credit was at Rs 186 lakh crore. The latest growth print may not reflect a trend yet, but bankers are expecting a better credit growth print from the second quarter onwards in sync with the likely festive demand. In the first four months of the fiscal, credit pickup remained sluggish largely because of the absence of corporate demand. "The general expectation is the overall economy should do well in the second half of the fiscal year as opposed to what is happening in the current year," ICICI Bank executive director Sandeep Batra said in an analyst call in the last week of July. At the same time last year, year-on-year credit growth was seen at 13.7%, while deposits had grown at a 10.6% rate. The slowdown in the latest numbers can be attributed to a high base effect and muted growth across segments. Deposit repricing and a flight to alternative investment opportunities are the reasons behind modest deposit growth.
Mint
6 hours ago
- Mint
Sensex, Nifty rise for 6th consecutive session— 10 key highlights from the Indian stock market today
Indian stock market benchmarks- the Sensex and the Nifty 50- closed in the green for the sixth consecutive session on Thursday, August 21. However, concerns over Trump's tariffs, stretched valuations and weak global cues limited gains. The Sensex ended 143 points, or 0.17 per cent, higher at 82,000.71, while the Nifty 50 ended at 25,083.75, up 33 points, or 0.13 per cent. The mid and small-cap segments underperformed. The BSE Midcap index slipped 0.12 per cent, while the Smallcap index ended almost flat. Gains in shares of select heavyweights, including ICICI Bank, Reliance Industries, L&T, Bajaj Finance and HDFC Bank, helped the Sensex close the day with gains. Proposed GST reforms, the S&P upgrade, and favourable growth-inflation dynamics remain key long-term drivers for the market. However, sentiment is weighed down by the looming tariff risk as the August 27 deadline for secondary tariffs approaches. The domestic market is witnessing stock-specific action across segments. Shares of Cipla (up 3.09 per cent), Dr. Reddy's Laboratories (up 2.61 per cent), and Bajaj Finserv (up 1.03 per cent) ended as the top gainers. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
