IDBI, ICICI, City Union, and Axis Bank Stocks Post Gains on BSE

  • Stock Market News
IDBI, ICICI, City Union, and Axis Bank Stocks Post Gains on BSE
Credit: © Reuters.

MUMBAI - Shares of leading Indian banks IDBI Bank (NS: IDBI ), ICICI Bank (NS: ICBK ), City Union Bank (NS: CTBK ), and Axis Bank (NS: AXBK ) showed positive momentum in Wednesday's trading session on the Bombay Stock Exchange (BSE). Amidst ongoing market promotions, all four banks ended the day with gains and offered customers incentives like ad-lite usage and premium app access.

IDBI Bank's shares witnessed a slight increase of 0.61%, closing at ₹61.89. The stock oscillated between a high of ₹62.6 and a low of ₹61.75 throughout the day, with a post-close price of ₹62.27. The bank's market valuation stood at ₹66,955.21 crore, with a BSE volume of 248,038 shares exchanged.

Following suit, ICICI Bank's stock closed at ₹921.45, marking a daily rise of 0.53%. The shares traded within the range of ₹927.75 to ₹922 and were valued at ₹926.3 in after-hours trading. The bank boasts a significant market cap of approximately ₹649,273 crore (INR100 crore = approx. USD12 million).

City Union Bank started the day's trading at ₹151 and closed slightly lower at ₹150.25 after reaching an intraday peak of ₹151.95. Its current share price edged up to ₹151.05 post-closing, with the bank maintaining a market cap of ₹11,183.99 crore.

Axis Bank also experienced a marginal gain, commencing trading at an opening price of ₹988.75 and closing at ₹988.55. The stock hit an intraday high of ₹997.05 and did not fall below ₹986.6 during the session. Currently valued at ₹993.05, Axis Bank holds a market cap of ₹306,107.21 crore.

All four banks are engaging customers with promotional offers that include periods of ad-lite experience or free premium app access, reflecting their strategies to integrate customer engagement with their equity performance updates in the market.

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