Large Outflow of Money Witnessed in ICICI Bank Limited

Shares of ICICI Bank Limited (IBN) advanced to $8.29. The price had gained 6.97% or 0.54 points intraday. The latest trading session witnessed $15.32 million in upticks and $29.67 million in downticks, resulting in net money flow of (-14.34) million. The up/down ratio for the day stood at 0.52. On a weekly scale, the price has seen a change of 2.35%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-14.12) million occurred during the day. $3.76 million in uptick and $17.88 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.21.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

ICICI Bank Limited (NYSE:IBN) rose 6.97% or 0.54 points on Wednesday and made its way into the gainers of the day. After trading began at $8.26 the stock was seen hitting $8.4 as a peak level and $8.25 as the lowest level. The stock ended up at $8.29. The daily volume was measured at 17,686,348 shares. The 52-week high of the share price is $8.8 and the 52-week low is $5.15. The company has a market cap of $24,120 million.

ICICI Bank offers a wide range of banking products and services to corporate and retail customers through a variety of delivery channels.

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