Defying five days of lull on Dalal Street, ICICI Bank today made a smart comeback, surging nearly 6 per cent on the Bombay Stock Exchange (BSE), amid heavy buying.
Bolstered by the buying activity at its counter, country's top lender ICICI Bank zoomed 5.71 per cent to settle at Rs 1,117.55 on the BSE, while during the day it had climbed 6.40 per cent to touch an intra-day high of Rs 1,124.95.
The stock, along with corporate giant Reliance Industries (RIL), which too soared 4 per cent to close at Rs 1,023.70, helped in building positive sentiment for the broader market.
RIL, which carries the maximum weight in the Sensex, shot up 4.53 per cent to a high of Rs 1,029 in the intra-day session.
Both the stocks played crucial role in the recovery of the bellwether Sensex, which had nosedived by a whopping 454 points in the last trading session.
ICICI was the top performer of the day, while Mukesh Ambani's firm RIL displayed the third best show among the 30 blue-chip companies.
Meanwhile, the BSE barometer Sensex ended the day at 19,508.89, up 266.53 points, or 1.39 per cent from yesterday.