Stock market analysts have suggested investors to ‘sell’ ICICI Bank stock with a target of Rs 415.

According to them, interested investors can sell the stock between Rs 425-430 with a strict stop loss of Rs 438.
 
Today (Jan 14), the stock opened at Rs 440, against its last closure at Rs 426.25 on the Bombay Stock Exchange (BSE) on Tuesday (Jan 13). Current EPS & P/E ratio stood at 37.03 and 12.10 respectively. The share price has seen a 52-week high of Rs 1465 and a low of Rs 282.15 on BSE.

The near-term outlook is bearish for ICICI Bank so analysts have recommended ‘sell’ on this stock.

Indian equities on Tuesday (Jan 13) ended the day on a negative note.

The BSE barometer opened weak following global cues, but better-than-expected results from technology giant Infosys turned out a good enough trigger for the stock market to make recovery after an early setback.

IT stocks outperformed, while banking, metal and oil & gas stocks went down.

Among the sectoral indices, BSE IT climbed 4.71%, whereas BSE Oil & gas, Bankex and Metal declined more than 1% each.  

During late afternoon trade today (03:10 p.m.), the 30-share index Sensex fell deep into the negative terrain in account of heavy selling action witnessed in stocks including RCom (down 6.95%), Tata Motors (down 5.45%), HDFC (down 4.7%), Jaiprakash Associates (down 4.15%), ICICI Bank (down 4.1%), ONGC (down 3.65%), Bharti Airtel (down 3.3%), RIL (down 2.2%) and a few other frontliners,

The Sensex lost 51 points at 9059.05, while Nifty stood at 2742.20, down 30.90 points.

After trading sluggishly for the whole day, the 30-share index BSE Sensex closed the day (January 12) with a huge loss of 296.42 points at 9110.05.

In contrast, the broad-based Nifty closed at 2773.10, down 99.90 points, after touching an intra-day low of 2748.55.

After opening on a dreary note at 9,316.33, 90.14 points, the 30-share index BSE Sensex fell deep into the pessimistic zone this afternoon.

The Sensex plunged on account of heavy selling pressure witnessed across frontline stocks. Second rung stocks were under pressure. Metal, realty and banking sectors posted sharp losses.    

BSE Midcap and Smallcap index lost 2.13% and 1.56% respectively.

All sectoral indices were trading in red zone. BSE Metal lost 5.51%, Realty declined 4.88%, Bankex dropped 4% and Power down by 3.61%.

Indian stocks opened the day on a weak note following worldwide signals.

The 30-share index, BSE Sensex belled the day after losing 90.14 points at 9,316.33, as against its last closure at 9,406.47, down 180.41 points, on Friday (Jan 09).

Realty, IT and power stocks were among the major losers, while metal and consumer durables edged higher on selective buying action.

BSE Midcap and Smallcap index fell 0.33% and 0.04% respectively, as not much buying was seen in these segments.