Friday 26 June 2015

ICICI Bank slips after marginal cut in base rate

The stock is now at the lowest level of the day, with a loss of over 2 percent on the BSE.

ICICI Bank
Largest private sector lender ICICI Bank is trading on a feeble note on the Bombay Stock Exchange (BSE), after the bank marginally reduced its base rate to 9.70 percent from 9.75 percent earlier.

Now, the stock is trading at the lowest level of the day - with a drop of over 2 percent to Rs. 309.

The counter has logged trades of around 189,000 shares as compared to its daily average volume of 921,000 shares in the past two weeks.

Meanwhile, the BSE benchmark index, Sensex, has tumbled 158 points at 27,237. 

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