ICICI Bank Stock Update: Share Price Slips Over 1% in Early Trade
ICICI Bank (NSE: ICICIBANK) share price is down 1.15% at ₹1,311.60 in early trade, witnessing active volumes despite the nationwide bank strike being deferred.
ICICI Bank (NSE: ICICIBANK) is witnessing a negative start to the trading week, with its shares currently trading at ₹1,311.60. This marks a 1.15% decline from its previous close of ₹1,326.80. The stock opened lower at ₹1,321.10 and touched an intraday high of ₹1,323.80 before retreating to its current levels, registering an intraday low of ₹1,311.20. Early trading activity indicates active participation, with a volume of 717,638 shares already exchanged, approaching the stock's average daily trading volume. This suggests strong selling interest or profit booking pressure in the initial hours of the session. State Bank of India Stock Update: Shares Dip 1% Amid Sector Headwinds.
| ICICIBANK – Stock Updates as of (9:31AM, 28 Sep 2026) | |||
|
LTP
₹1,311.60 |
Open
₹1,321.10 |
High
₹1,323.80 |
Low
₹1,311.20 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
717,638 |
% Chg
-1.15% |
52-Week Context
With 52-week high and low data not immediately available, ICICI Bank's current price movement is best viewed within its intraday context. The stock is trading near its day's low, indicating that the bearish sentiment has persisted since the market opened. Today's dip sees the stock giving up some of its recent gains, if any, pushing it further away from its opening price. Investors will be closely watching if the stock can recover from these early losses or if the selling pressure intensifies, potentially testing further support levels.
Latest Developments
The most significant development impacting the Indian banking sector in the past 24 hours has been the deferral of the proposed three-day nationwide bank strike. The United Forum of Bank Unions (UFBU) and the Indian Banks' Association (IBA) reached an agreement late on Sunday, September 27, averting the industrial action that was scheduled from September 28 to 30. This positive news eliminates a major operational disruption that would have coincided with the half-yearly closing of accounts and is generally seen as a boost for stability within the financial sector.
Despite this positive macro development for the banking sector, ICICI Bank's shares are trading in the red. This suggests that the stock's current move may be attributed to a combination of broader market sentiment, which could be cautious, or specific profit-booking by investors after recent gains. There are no immediate negative corporate announcements from ICICI Bank in the past 24 hours. The bank had, however, announced a schedule of upcoming investor meetings at major financial conferences later in September 2026, which will rely only on publicly available information. This indicates ongoing communication with the investment community. Furthermore, the Reserve Bank of India's draft interest rate directions, released in August 2026, aim to bring consistency to interest rate regulation across various financial entities from April 1, 2027, a broader sector development that could influence long-term outlooks.
Outlook
For the remainder of the session, traders will monitor whether ICICI Bank can find support at current levels or if the selling momentum continues. The broader market trend and any fresh cues regarding the banking sector's performance will be crucial in determining the stock's trajectory.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Sep 28, 2026 09:31 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
