ICICI Bank gains; solid results expected

Shares in ICICI Bank gain 1.5 per cent on market expectations for better-than-expected earnings later on Friday.

Morgan Stanley is on the optimistic camp: We expect to see reasonable earnings progression for that period 8211; up 22 per cent YoY,it says,predicting shares should gain relative to index over the next 15 days.

ICICI Bank expected to post a 20 per cent increase in net profit to 17 billion rupees in the quarter-ended March,led by higher loan growth,as per poll.