Shares of ICICI Bank Limited (NYSE:IBN) Sees Large Outflow of Money

ICICI Bank Limited (NYSE:IBN) : The total money flow in ICICI Bank Limited (NYSE:IBN) was negative ($2.74 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $4.98 million. In comparison, the inflow of money into the stock on upticks was $2.24 million. The uptick to downtick ratio was 0.45. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.97 million. The value of transactions on uptick was $0.6 million. The negative money flow of ($2.37 million) confirms the selling in ICICI Bank Limited (NYSE:IBN) on strength. The uptick to downtick ratio of block trades was 0.2. ICICI Bank Limited (NYSE:IBN) gained $0.24 at $7.14, a gain of 3.41% over the previous days close. However, the stock registered 4.16% in the week.


Institutional Investors own 21.9% of ICICI Bank Limited shares.

The company shares have dropped -33.46% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $10.62 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $7.08 and the 200 Day Moving Average price is recorded at $6.85. ICICI Bank Limited (NYSE:IBN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.02 and $7.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.10, notching a gain of 2.90% for the day. The total traded volume was 6,395,277 . The stock had closed at $6.90 on the previous day.

ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. Its operating segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance and Others. Retail banking includes exposures of the Bank, which satisfy the criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Wholesale banking includes all advances of the Bank to trusts, partnership firms, companies and statutory bodies. Treasury includes the entire investment and derivative portfolio of the Bank.

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