ICICI Bank Soars, Shields Nifty from Deeper Losses for Four Sessions

• ICICI Bank shares gained for the fourth consecutive session, rising 1.2% on Wednesday, January 7.
• The stock has surged 6.5% over its four-day winning streak, nearing its record high of ₹1,500.
• It significantly offset Nifty and Nifty Bank losses, contrasting with HDFC Bank's recent decline.
• Trading volume on Wednesday was high, with 1.6 crore shares changing hands, well above the 20-day average.
• Analysts are overwhelmingly bullish, with 48 "buy" and 3 "hold" ratings out of 51, and no "sell" recommendations.

Why It Matters: ICICI Bank's strong performance is stabilizing Nifty amidst broader market declines.