Trading Activity and Market Position
On 11 Feb 2026, ICICI Bank Ltd. (NSE: ICICIBANK) recorded a total traded volume of 19,68,177 shares, translating into a substantial traded value of ₹27,693.63 lakhs. This places the stock among the highest value turnover equities on the day, underscoring its liquidity and appeal to large institutional players. The stock opened at ₹1,407.40, touched a day high of ₹1,413.00, and a low of ₹1,402.00, before settling near ₹1,403.50 at the last update time of 09:44:43 IST.
Despite the high trading volumes, the stock’s price movement was relatively subdued, registering a slight dip of 0.21% compared to the previous close of ₹1,406.50. This performance was broadly in line with the private sector banking sector’s 1-day return of -0.03% and the Sensex’s marginal decline of 0.01%, indicating that ICICI Bank’s price action was reflective of broader market trends rather than idiosyncratic factors.
Technical and Liquidity Analysis
From a technical standpoint, ICICI Bank’s last traded price remains above its 5-day, 20-day, 50-day, and 100-day moving averages, signalling short- to medium-term strength in investor sentiment. However, it trades below the 200-day moving average, suggesting some caution among long-term investors. This mixed technical picture highlights a stock in consolidation, with potential for directional movement once it breaches the longer-term average.
Liquidity metrics further reinforce the stock’s suitability for sizeable trades. Based on 2% of the 5-day average traded value, ICICI Bank can comfortably accommodate trade sizes up to ₹34.14 crores without significant market impact. This level of liquidity is critical for institutional investors seeking to enter or exit positions efficiently.
Institutional Interest and Delivery Volumes
Investor participation has notably increased, with delivery volumes on 10 Feb 2026 reaching 1.29 crore shares—a 54.2% rise compared to the 5-day average delivery volume. This surge in delivery volumes indicates growing confidence among long-term investors and institutions, who are likely accumulating shares rather than engaging in speculative intraday trading.
ICICI Bank’s market capitalisation stands at a commanding ₹10,04,079.94 crores, categorising it firmly as a large-cap stock. The company’s mojo score of 54.0 and a mojo grade upgrade from Sell to Hold on 6 Feb 2026 reflect a cautious but improving outlook. The market cap grade of 1 further confirms its status as a heavyweight in the private sector banking space.
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Comparative Sector Performance and Outlook
ICICI Bank’s performance today was broadly in line with its sector peers, which collectively experienced a minor downturn. The private sector banking industry continues to face headwinds from macroeconomic uncertainties and regulatory developments, yet ICICI Bank’s robust trading volumes and stable price action suggest resilience relative to its competitors.
Its mojo grade upgrade from Sell to Hold signals a positive shift in fundamental and technical assessments, although the score of 54.0 indicates room for improvement before a Buy rating can be considered. Investors should monitor upcoming quarterly results and macroeconomic indicators closely, as these will likely influence the stock’s trajectory in the near term.
Valuation and Institutional Sentiment
Given ICICI Bank’s large market capitalisation and liquidity profile, it remains a preferred choice for institutional investors seeking exposure to India’s private banking sector. The increased delivery volumes and high traded value underscore sustained institutional interest, which is critical for price stability and long-term growth prospects.
However, the slight negative price movement despite strong volume suggests some profit-taking or cautious positioning by market participants. This dynamic is typical in large-cap stocks where valuation concerns and broader market sentiment interplay.
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Investor Takeaway
ICICI Bank Ltd.’s high value turnover and rising delivery volumes highlight its continued prominence in the Indian equity market. While the stock’s mojo grade remains at Hold, the recent upgrade from Sell and its technical positioning above key moving averages suggest a stabilising outlook. Investors should weigh the stock’s liquidity and institutional interest against the broader sector and market conditions before making allocation decisions.
Given the current market environment, ICICI Bank offers a blend of stability and moderate growth potential, making it suitable for investors with a medium-term horizon who seek exposure to India’s private banking sector. However, cautious monitoring of price action relative to the 200-day moving average and upcoming financial disclosures is advisable to gauge momentum shifts.
Conclusion
In summary, ICICI Bank Ltd. remains a key player in the private sector banking domain with significant trading activity and institutional backing. Its large-cap status and liquidity profile make it an attractive option for sizeable trades, while its mojo grade upgrade signals improving fundamentals. Market participants should continue to analyse volume trends, price movements, and sector dynamics to optimise their investment strategies in this stock.
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