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After the excellent results of ICICI Bank, the shares of banks saw a great rise on Monday.

ICICI Bank Share Price : After the spectacular results of ICICI Bank, there has been a great jump in the stock of the bank on Monday, due to which the stock market is seeing a boom. After the decline of four consecutive trading days last week, the Indian stock market opened with an increase on the first trading day of this week. The shares of the banking sector are a major contributor to this boom. Sensex opened with a gain of around 580 and Nifty 114 points. Sensex is trading with a gain of 276 points at 61,076 and Nifty is up by 40 points at 18,158 points.

Rise in Banking Stocks

Due to the spectacular results on Saturday, ICICI Bank’s stock is trading at its Lifetime High, Rs 842 per share, with a gain of 11 per cent. There is tremendous buying by the investors in ICICI Bank. At the same time, the share of Axin Bank is also trading at Rs 848 with a gain of 4 per cent. Bank Nifty is seeing great growth, Bank Nifty is trading at 41,252 points with a gain of 932 points. After the market closed on Friday, the results of Reliance Industries also came, which were very spectacular. But the stock of Reliance is trading with a fall in a limited range.

Excellent ICICI Bank Q2 Result

ICICI Bank Q2 Result: ICICI Bank’s consolidated net profit for the second quarter of FY 2021-22 increased by 24.7 percent to Rs 6,092 crore. The bank had earned a net profit of Rs 4,882 crore in the corresponding quarter of the previous financial year.
ICICI Bank said that its total income during the quarter stood at Rs 39,484.50 crore as against Rs 39,289.60 crore in the corresponding period of 2020-21. Obviously, the market has welcomed the results of ICICI Bank with great enthusiasm.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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