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    ICICIBANK   INE090A01021


Delayed Quote. Delayed NSE India Stock Exchange - 04/16 07:14:03 am
566.95 INR   -1.43%
04/16Asian ADRs Little Changed in Friday Trading
04/16Indian Stocks Close Flat on Friday; Wipro’s Shares Soar 9%
04/15Asian ADRs Move Lower in Thursday Trading
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Indian shares rise 1% after central bank keeps rates steady

04/07/2021 | 06:35am EDT

BENGALURU, April 7 (Reuters) - Indian shares and bonds rose on Wednesday after central bank kept interest rates at record lows to support the economy on the back of a record surge in COVID-19 cases, and announced a secondary market government security purchase programme.

The Reserve Bank of India (RBI) stuck to its accommodative monetary policy stance amid concerns that the resurgence in infections could derail the country's nascent economic recovery.

The NSE Nifty 50 index closed 0.92% higher at 14,819.05 and the S&P BSE Sensex rose 0.94% to 49,661.76.

The benchmark 10-year bond yield briefly rose to 6.19% after the policy decision, but fell to a low of 6.05% after the central bank announced a secondary market government securities (G-sec) acquisition programme.

"Fears of any pre-mature tightening either through rates or liquidity management by some sections of the market have been put to rest by RBI's dovish tone today," said Abheek Barua, chief economist, HDFC Bank.

The announcement of the G-sec acquisition program is likely to stabilise and support long-term yields, Barua said.

India's second wave of coronavirus infections continued to swell as the country reported a record 115,736 new cases on Wednesday.

The Indian rupee weakened to 74.55 against the dollar, hitting its weakest level since Nov. 17.

The Nifty bank index and the auto index rose 1.5% and 1.6%, respectively. ICICI Bank and Infosys were top boosts to the index, rising 1.9% and 1.3%, respectively.

Shilpa Medicare shares rose as much as 14.3% after an executive told Reuters that the drugmaker has the capacity to manufacture 100-200 million doses of a protein-based vaccine for COVID-19.

Shares of restaurant chain Barbeque-Nation Hospitality recovered early losses to rise 18% in their debut trading on Wednesday. (Reporting by Nallur Sethuraman in Bengaluru and Savio Shetty in Mumbai; Editing by Shinjini Ganguli)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / INDIAN RUPEE (AUD/INR) -0.04% 57.572267 Delayed Quote.3.19%
BANK OF INDIA LIMITED 0.87% 69.7 End-of-day quote.43.27%
CANADIAN DOLLAR / INDIAN RUPEE (CAD/INR) 0.00% 59.562 Delayed Quote.3.95%
EURO / INDIAN RUPEE (EUR/INR) -0.32% 89.287 Delayed Quote.0.36%
HDFC BANK LIMITED -0.10% 1428.65 End-of-day quote.-0.53%
ICICI BANK LIMITED -1.43% 566.95 Delayed Quote.7.50%
INFOSYS LIMITED -0.51% 1353.75 Delayed Quote.8.36%
NIFTY 50 0.25% 14617.85 Delayed Quote.4.29%
NIFTY BANK 1.07% 31977.45 Delayed Quote.2.71%
SENSEX 30 0.06% 48832.03 Real-time Quote.2.20%
SHILPA MEDICARE LIMITED 1.28% 381.25 End-of-day quote.-15.32%
US DOLLAR / INDIAN RUPEE (USD/INR) -0.44% 74.479 Delayed Quote.2.43%
04/16Asian ADRs Little Changed in Friday Trading
04/16Indian Stocks Close Flat on Friday; Wipro’s Shares Soar 9%
04/15Asian ADRs Move Lower in Thursday Trading
04/15Indian Stocks Close in Green for Second Straight Session; Tata Consultancy Se..
04/13Asian ADRs Move Higher in Tuesday Trading
04/12Asian ADRs Nudge Higher in Monday Trading
04/09Indian shares snap three-day winning streak; consumer, drug stocks gain
04/08Asian ADRs Move Higher in Thursday Trading
04/07Asian ADRs Move Lower in Wednesday Trading
04/07Indian shares rise 1% after central bank keeps rates steady
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Sales 2021 578 B 7 759 M 7 759 M
Net income 2021 157 B 2 109 M 2 109 M
Net Debt 2021 - - -
P/E ratio 2021 24,4x
Yield 2021 0,49%
Capitalization 3 921 B 52 619 M 52 651 M
Capi. / Sales 2021 6,79x
Capi. / Sales 2022 6,23x
Nbr of Employees 131 232
Free-Float 98,0%
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Managers and Directors
Sandeep Bakhshi Chief Executive Officer, MD & Executive Director
Sandeep Batra President & Executive Director
Rakesh Jha Group Chief Financial Officer
Girish Chandra Chaturvedi Non-Executive Chairman
Ranganath Athreya Secretary, Compliance Officer & General Manager
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