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ICICI Bank rises

January 29, 2010

MARKETS-SOUTHASIA/STOCKS

Shares in ICICI Bank rose over 5 percent on Friday after the Reserve bank of India left its short-term interest rates unchanged and only hiked banks’ CRR by 75 bps.

The counter ended 5.3 percent higher at 830 rupees with volumes of over 2.5 million shares.

Peer banks such as Canara Bank rose 4.6 percent, Allahabad Bank ended 4.3 percent higher, and SBI closed 2.7 percent up.

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