ICICI Bank, one of India’s leading private sector banks, saw a significant drop in its market capitalization during trading today. As of 2:05 PM, the stock was trading at ₹1,275.35, down ₹31.25 or 2.39% from the previous close. This decline resulted in a market cap loss of approximately ₹22,002 crore.
The bank’s total market cap now stands at ₹8,98,573.36 crore. This decline reflects broader market weakness and ongoing pressures in the financial sector. ICICI Bank, being a major player in the banking industry, has seen its valuation eroded as investors grow cautious amid market volatility.
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