Large Inflow of Money Witnessed in ICICI Bank Limited

ICICI Bank Limited (IBN) : Thursdays money flow indicated an uptick to downtick ratio was at 1.4. The total value of inflow transactions on upticks was $9.91 million, whereas, the total value of outflow trades on downticks was $7.06 million. The total money flow was $2.85 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.25 million. The total value of the trades done on upticks was $5 million. Downticks saw transactions worth $1.75 million. The total uptick to downtick ratio stood at 2.86, mildly in favor of the bulls. ICICI Bank Limited (IBN) was trading with a -0.69% change over previous days close. It fell $0.05 during the day and reached $7.15. The stock was -1.11% compared to the previous weeks close.


The stock has recorded a 20-day Moving Average of 0.98% and the 50-Day Moving Average is 3.98%.

ICICI Bank Limited (NYSE:IBN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.36 and $7.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.23, notching a gain of 0.42% for the day. The total traded volume was 16,228,793 . The stock had closed at $7.20 on the previous day.

ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. Its operating segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance and Others. Retail banking includes exposures of the Bank, which satisfy the criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Wholesale banking includes all advances of the Bank to trusts, partnership firms, companies and statutory bodies. Treasury includes the entire investment and derivative portfolio of the Bank.

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