ICICI Bank stock up 1% on cutting home loan rates

ICICI Bank announced that is has reduced home loan rates by 25 basis points for both existing and new customers to 9.90 percent with the effective from 14 April 

ICICI Bank is trading on a firm note on the BSE in early morning session, on the back of positive news flow.

According to media reports, ICICI Bank the country's largest private bank announced that is has reduced home loan rates by 25 basis points for both existing and new customers to 9.90 percent with the effective from Tuesday 14 April.

Currently, the stock has spurted over a percent at Rs. 320 on BSE. So far, the scrip has touched an intra-day high at Rs. 321 and Rs. 318, respectively.

Around 121,000 shares have changed hands at the counter on the BSE, as compared to its daily average volume of 789,000 shares in the past two weeks.

Meanwhile, the BSE Sensex is down 30 points at 29,014.