Shares of ICICI Bank on Wednesday hit a record high, taking its market valuation past the Rs 9 lakh crore mark. The stock climbed 1.55 per cent to Rs 1,288.05 a piece on the BSE. During the day, it gained 2 per cent to hit a record peak of Rs 1,

Nifty gained 1.48% to 25,790.95. The benchmark index hit another all time high 25,849.25. 43 stocks gained while 6 declined and 1 remained unchanged. M&M led the gainers, with a strong surge of 5.48%,

In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.

ICICI Bank has crossed the Rs 9 lakh crore market capitalization mark for the first time, reaching a new all-time high on the BSE. The bank's shares have surged nearly 30% this year. Anticipation of an interest rate cut in the US Fed meeting is seen as beneficial for banks and NBFCs.

ICICI Bank has maintained solid business momentum across various segments, with management optimistic about robust deposit inflows to drive credit growth in the coming quarters

ICICI Bank stock reached an all-time high of ₹1,295 on the BSE, marking a 2 percent increase from the previous close, with a market capitalization of ₹9.1 lakh crore.