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Investec maintains buy rating on ICICI Bank with ₹1,685 target

pre-market1 source ↓written by the desknot a recommendation

target price
₹1,685

Investec has reaffirmed its Buy rating on ICICI Bank, setting a target price of ₹1,685. This positive outlook is driven by expectations of strong credit growth for FY27, as the bank is well-positioned to leverage India's expanding credit market. The resilience of the Indian banking system amid global tensions further supports this bullish stance.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 17 Mar 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ICICIBANK closed +1.2% on the day of the news, from ₹1,272.90 to ₹1,288.70; Nifty +0.7% over the same session; futures OI −0.9%.

Bulletin at 07:04 IST on 17 Mar 2026. Every change is measured from ₹1,272.90, the last close before it, on 16 Mar. Nifty 50 is measured over the same sessions.

  • ICICIBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ICICIBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it117212641356axis spans 16%before the news · 16 Mar1273Nifty 50ICICIBANKbulletinD0+1+3+510 Mar20 Mar2 AprFutures open interest, lotspeak 1.9 LReference close ₹1,272.90. 16 sessions from 10 Mar to 2 Apr; the price axis spans 16 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before16 Mar₹1,272.90basebase
On the day17 Mar₹1,288.70▲ +1.2%▲ +0.7%+0.5 pp difference
+1 session18 Mar₹1,289.30▲ +1.3%▲ +1.6%−0.3 pp difference
+3 sessions20 Mar₹1,245.40▼ −2.2%▼ −1.3%−0.9 pp difference
+5 sessions24 Mar₹1,251.20▼ −1.7%▼ −2.1%+0.4 pp difference
Gap at the open, % · ₹
▲ +0.5%+5.98 on 17 Mar
Day's range, % · ₹
1.7%≈ 21 high to low
Volume on the day
1.40×the 20-session average
Futures OI on the day
▼ −0.9%−1,700 lots · short covering · price +1.2%
Futures OI open, lots
1.9 L17 Mar · 30 Mar expiry
Futures premium, ₹
+1.00+0.1% to spot
Puts per call, by OI
0.62from 0.57 the session before
Max pain
1,310from 1,310 the session before

Source NSE UDiFF bhavcopy · ICICIBANK on the desk →

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