Intraday Trading Dynamics and Price Action
The stock opened with a notable gap up of 4.27%, signalling early bullish sentiment among traders. Throughout the trading session, ICICI Bank Ltd. exhibited high volatility, with an intraday volatility measure of 479.88% calculated from the weighted average price. This elevated volatility underscores active trading interest and rapid price fluctuations within the day.
ICICI Bank’s price movement remained above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating short to medium-term strength. However, it continued to trade below its 200-day moving average, suggesting some longer-term resistance remains intact. The stock’s intraday high of Rs 1,416 represents a 4.72% gain, while the overall day change settled at 3.02%, reflecting a strong upward trajectory during the session.
Over the past two trading days, ICICI Bank Ltd. has recorded consecutive gains, accumulating a 4.3% return in this period. This recent positive momentum contrasts with the broader sector performance, as the stock underperformed its sector by 1.65% today, despite its gains.
Rising fast and still accelerating! This Small Cap from FMCG sector is riding pure momentum right now. Jump in before the rally reaches its peak!
- - Accelerating price action
- - Pure momentum play
- - Pre-peak entry opportunity
Comparative Market Context and Sector Performance
On the same day, the Sensex opened sharply higher by 3,656.74 points but lost momentum to close down by 1,377.93 points, settling at 83,945.27, a decline of 2.79%. The index remains 2.64% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself remains above the 200-day moving average, indicating mixed technical signals for the broader market.
Despite the Sensex’s decline, mega-cap stocks led the market, with the index gaining 2.79% at one point during the session. ICICI Bank Ltd. outperformed the Sensex’s day performance, registering a 2.97% gain compared to the index’s 2.76% rise on a one-day basis. However, over the past week, the stock’s 2.12% gain slightly lagged the Sensex’s 2.52% increase.
Longer-term performance metrics show ICICI Bank Ltd. has outpaced the Sensex across multiple time frames. Over one month, the stock gained 2.77% while the Sensex declined by 2.15%. Over three months, ICICI Bank rose 3.47% versus a marginal Sensex decline of 0.07%. The bank’s one-year return stands at 11.14%, ahead of the Sensex’s 8.72%. Year-to-date, ICICI Bank has gained 3.68%, contrasting with the Sensex’s 1.53% loss. Over three, five, and ten years, the stock has delivered compounded returns of 61.19%, 123.75%, and 650.38% respectively, significantly outperforming the Sensex’s corresponding returns of 37.93%, 66.99%, and 246.45%.
Mojo Score and Rating Update
ICICI Bank Ltd. currently holds a Mojo Score of 48.0, categorised under a Sell grade. This represents a downgrade from its previous Hold rating, effective from 1 Feb 2026. The bank’s market cap grade is rated at 1, reflecting its standing within the private sector banking industry. These metrics provide a quantitative assessment of the stock’s relative strength and market positioning as of the latest evaluation date.
Is ICICI Bank Ltd. your best bet? SwitchER suggests better alternatives across peers, market caps, and sectors. Discover stocks that could deliver more for your portfolio!
- - Better alternatives suggested
- - Cross-sector comparison
- - Portfolio optimization tool
Summary of Trading Session and Technical Indicators
The trading session on 3 Feb 2026 highlighted ICICI Bank Ltd.’s resilience amid a volatile market environment. The stock’s ability to open with a gap up and sustain gains above multiple moving averages indicates underlying technical strength. The intraday volatility figure of 479.88% points to active participation and rapid price swings, which may attract traders seeking momentum plays.
While the stock outperformed the Sensex on the day, it slightly underperformed its sector, suggesting selective strength within the private sector banking space. The recent two-day consecutive gains and the 4.3% return over this period reinforce the stock’s short-term positive trend.
Despite the positive intraday performance, the stock remains below its 200-day moving average, a key long-term technical barrier. This level may act as resistance in upcoming sessions, potentially influencing price action.
Overall, ICICI Bank Ltd.’s strong intraday surge to Rs 1,416 and 3.02% day change reflect a notable trading session marked by volatility and momentum, set against a broader market that experienced a pullback after an initial gap up.
Unlock special upgrade rates for a limited period. Start Saving Now →
