Riding high on its impressive third quarter earning numbers,shares of ICICI Bank today went up by over 1 per cent on the Bombay Stock Exchange. The scrip of the country's largest private-sector lender rose by 1.69 per cent to settle at Rs 1,083.90 on the BSE. In intra-day trade,it had accelerated by 2.38 per cent to a high of Rs 1,091.30. Similarly,on the National Stock Exchange ICICI ended the day at Rs 1,084.45,up 1.77 per cent. ICICI Bank today posted a whopping 77.5 per cent jump in its consolidated net profit at Rs 2,039 crore for the quarter ended December 31,2010. Market observers said that rise in ICICI's earnings has beaten market expectations with a record quarterly profit on growing demand for credit in the country. "ICICI Bank announced better-than-expected quarterly numbers," IIFL Head of Research Amar Ambani said. On the volume front,over 1 crore shares of the company were traded on the two bourses. Besides,it was a good trading day for the entire banking sector,with YES Bank,Bank of Baroda,Union Bank,Axis Bank,Punjab National Bank and Indusind Bank closing in the range of 2.56 per cent to 5.05 per cent. Meanwhile,the BSE sensitive index Sensex finished the day with a gain of 143.75 points at 19,151.28.
