ICICI Bank Shares Soar 3.19% on SENSEX30 Rally

ICICI Bank's stock price surged by 3.19% in pre-market trading on April 17, 2025, reflecting a strong start to the day's trading session.

ICICI Bank's stock price has been influenced by the broader market sentiment, as the SENSEX30 index opened with a significant gain of 2.26%. This upward trend in the index was driven by a majority of its constituent stocks, with 23 stocks experiencing gains of over 1%. Among the key contributors to this rally were HDFC Bank, which saw a 3.52% increase, and other major players like Indian Industrial Investment Bank and Reliance Industries, both of which rose by 3.06% and 3.01% respectively.

Analysts expect ICICI Bank's earnings to grow by 9.15% in the coming year, from $1.53 to $1.67 per share. This projected growth is likely to bolster investor confidence in the bank's future performance, contributing to the recent surge in its stock price.