Stock market analysts have suggested investors to ‘sell’ ICICI Bank stock with a target of Rs 375.

According to them, interested investors can sell the stock between Rs 385-390 with a strict stop loss of Rs 409.
 
Today (Jan 21), the stock opened at Rs 381, as against its last closure at Rs 397.30 on the Bombay Stock Exchange (BSE) on Tuesday (Jan 20). Current EPS & P/E ratio stood at 37.03 and 10.28 respectively. The share price has seen a 52-week high of Rs 1300 and a low of Rs 282.15 on BSE.

In the last trading session, ICICI Bank fell by almost 4 per cent penetrating its 50-day moving average.

Melbourne, Jan. 21 : The National Australia Bank (NAB) could be forced to write off millions of dollars invested in its off-shoring program as a result of the Satyam corporate fraud scandal.

According to Fox News, NAB is one of Satyam''s biggest customers in Australia and has already made a significant investment on training and transition costs and redundancy payouts as part of its information technology off-shoring (ITO) program.

London, Jan 20 : Fear of redundancy has spread to almost half of full-time British workers; a poll has showed after a new economic rescue plan was met by plunging bank share prices.

The British Government bailout has sent bank share prices tumbling as 49 per cent of workers said in an Ipsos Mori Survey that they were worried the recession would force them out of their jobs within the next 12 months.

The poll also showed Prime Minister Gordon Brown to be the target for blame -with the Tories gaining 10 points on Labour to lead by 14 points, the Daily Express reported.

Brown on Monday launched another desperate attempt to shore up the economy, gambling potentially hundreds of billions of pounds in an attempt to kick-start lending.

Budapest  - The Hungarian National Bank cut its base rate by fifty basis points to 9.5 per cent at its monthly rate-setting meeting on Monday, in line with the expectations of analysts.

The deputy governor of the bank, Ferenc Karvalics, told the press that the monetary council had considered three possible cuts of 50, 75 or 100 basis points before settling for the most cautious option.

A basis point is defined as one hundredth of a per cent.

London  - The British government Monday launched a second multibillion-pound package to stabilize banks in an attempt to unlock credit markets, stem the rise of so-called toxic assets and ward off a deepening recession.

The measures were announced as the Royal Bank of Scotland (RBS), Britain's third-largest bank, announced what would be the biggest loss in British corporate history.

London - The British government Monday launched a second multibillion-pound package to stabilize banks aimed at unfreezing credit markets and softening the blow of a deepening recession.

Among the measures set out by Chancellor of the Exchequer Alistair Darling is a massive insurance scheme to protect banks from so-called toxic assets, a move it is hoped will encourage institutions to restart lending to businesses and households.

It is the second bail-out for the banks in the space of just three months. A banking recapitalization programme announced in October had failed to provide a sufficient platform for normal lending to resume.