On April 1, 2026, banks across most of India will be closed for the annual account closing. This closure affects major banks including the State Bank of India, Punjab National Bank, Bank of Baroda, HDFC Bank, ICICI Bank, and Axis Bank.

All scheduled commercial banks will observe this holiday, with branches reopening on April 2, except in Kerala, where business will be suspended due to Maundy Thursday. In total, banks in six states—Mizoram, Sikkim, Nagaland, Jharkhand, Meghalaya, and Himachal Pradesh—will remain open.

Digital banking services such as ATMs and UPI will operate normally on April 1, although customers should be aware that cheque clearance and settlement-linked transactions may experience delays due to the year-end closing.

April is known for having several bank holidays, including Maundy Thursday and Good Friday, which adds to the number of days banks may be closed. In fact, the maximum number of days banks could be closed in April 2026 is 14.

As one bank representative noted, “If you tried visiting your bank branch on Wednesday and found it locked, you are not alone — and there is nothing wrong with your account.” This highlights the understanding that the closure applies only to physical branch counters.

For most customers, the day will pass without any real disruption, as digital banking options remain available. The Reserve Bank of India (RBI) classifies bank holidays under three categories: the Negotiable Instruments Act, RTGS holidays, and Banks’ Closing of Accounts.

April is one of the busier months on the bank holiday calendar, and customers are advised to plan their banking activities accordingly. Notably, the dates of other significant holidays in April include Good Friday on April 3, Basava Jayanti on April 20, and Akshaya Tritiya on April 19.

As the date approaches, customers are encouraged to stay informed about their banking needs and the operational status of their local branches. Details remain unconfirmed regarding any last-minute changes to the holiday schedule.

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The Indian stock market broke a three-day decline with a strong recovery on March 16, 2026. Prior to this development, investors were concerned about the persistent downward trend, which had raised questions about the sustainability of the market’s growth.

On this decisive day, the BSE Sensex closed at 75,502.85, up by 938.93 points or 1.26%. Similarly, the NSE Nifty 50 closed at 23,408.80, marking an increase of 257.70 points or 1.11%. This marked a significant turnaround, driven by factors such as ‘value buying’ and improvements in the auto sector.

Among the major players, HDFC Bank emerged as the top gainer on the Nifty, with an increase of about 2.9%. In contrast, IDBI Bank faced a considerable decline of 16.6%, highlighting the mixed performance across the sector. ICICI Bank also showed resilience, closing with a strength of 1%.

The auto index saw a relief increase of 1.7% after a prior decline of about 10.6% the previous week, suggesting a potential recovery in that sector. However, midcap and smallcap indices fell by 0.3% and 0.5% respectively, indicating that not all segments of the market are experiencing the same recovery.

Despite the positive momentum, challenges remain. Brent crude oil prices reached $104.40 per barrel, which poses a risk for the Indian economy. Analysts note that if oil prices remain at this level, there is a risk of increasing fiscal deficit.

Market experts advise investors to focus on quality large-cap stocks in SIP mode, as the market is likely to remain volatile due to rising crude oil prices. The Nifty showed strong support in the 23,100–23,200 zone, but it needs to close above 23,550 for a real bullish trend.

As the market navigates these changes, the strategy is currently to ‘Wait and Watch’. Details remain unconfirmed regarding whether this recovery is sustainable or just a temporary bounce. The coming days will be crucial in determining the market’s direction.

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ICICI Bank’s shares have seen a notable increase of over 2%, raising questions about the factors contributing to this uptick. The rise comes as part of a broader rebound in banking stocks, which has seen the Bank Nifty increase nearly 1.5% following a significant decline the previous day.

On the trading day in question, ICICI Bank opened at ₹1,287.6, reached an intraday high of ₹1,299.5, and ultimately closed at ₹1,292.4. This performance aligns with the overall recovery in the private sector banking sector, where ICICI Bank recorded a one-day return of 0.99%.

In terms of trading activity, ICICI Bank recorded a total traded volume of 34,74,731 shares, with a traded value of ₹44,968.93 lakhs. The market capitalisation of ICICI Bank stands at ₹9,14,318 crores, reflecting its substantial position in the financial sector.

The previous trading day had seen the Bank Nifty plunge more than 3%, opening with a gap-down of nearly 1,650 points. This steep decline likely set the stage for the subsequent recovery in banking stocks, including ICICI Bank.

The market breadth on the day of the rebound indicated a positive sentiment, with 2,817 advancing stocks compared to 733 declining stocks. This broader market recovery may have contributed to the positive movement in ICICI Bank’s shares.

As the banking sector continues to navigate fluctuations in market performance, the recent gains in ICICI Bank’s stock may signal renewed investor confidence. However, the sustainability of this rebound remains to be seen.

Details remain unconfirmed regarding the long-term implications of these market movements. Investors and analysts will be closely monitoring future trends in the banking sector to gauge the stability of this recovery.

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On a recent trading day, ICICI Bank recorded a total traded volume of 58,08,170 shares, with a traded value of ₹7,351.11 crores. The stock opened at ₹1,272.7, reflecting a decline of 3.1% from the previous close.

As the day progressed, ICICI Bank’s last traded price (LTP) was noted at ₹1,264.4 as of 09:44:47 IST. The stock touched an intraday low of ₹1,251.1, which is 4.74% above its 52-week low of ₹1,208.

Market Performance

The private sector banking sector experienced a decline of 3.48% on the same trading day, contributing to a cumulative loss of 9.74% for ICICI Bank over six consecutive trading days. This downward trend has raised concerns among market participants.

Despite the challenges, ICICI Bank’s market capitalisation stands at ₹9,40,049 crores. The bank’s Mojo Score is currently 54.0, with a Mojo Grade of ‘Hold’ as of February 6, 2026, indicating a cautious outlook.

Investor Sentiment

Investor sentiment appears to be shifting, as evidenced by Capitalmind Flexi Cap Fund’s decision to reduce its exposure to ICICI Bank in February. This move aligns with a broader strategy of reallocating investments, including increased stakes in BPCL and Federal Bank.

Furthermore, Probal Sen, an Energy Analyst at ICICI Securities, noted that “upstream oil companies would be the only investible subsegment in the Indian energy sector under a scenario where the net realization level of oil is at US$75 a barrel.” This perspective highlights the complexities of the current market environment.

As of now, ICICI Bank’s price action remains under pressure, trading below all key moving averages. However, the stock’s liquidity remains robust, with the traded value comfortably supporting trade sizes up to ₹51.48 crores based on 2% of the five-day average traded value.

ICICI Bank’s recent Mojo Grade upgrade from ‘Sell’ to ‘Hold’ suggests that while the stock is not currently favoured for aggressive buying, it remains a key player with potential for recovery should market conditions improve. Market participants will continue to closely monitor ICICI Bank’s performance as a barometer for the broader financial landscape.

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ICICI Bank’s share price closed at ₹1,313.35, reflecting a decline of 3.39% from the previous close of ₹1,359.45. This drop marks a continuation of a downward trend, with the stock hitting an intraday low of ₹1,261.55, which is a 3.94% decline from the previous close.

Over the past six days, ICICI Bank has experienced a cumulative decline of 10.08%. The stock is currently trading below all key moving averages, indicating a persistent downtrend. Additionally, it remains just 4.24% above its 52-week low of ₹1,209.8.

In the context of broader market performance, ICICI Bank has fallen 8.11% over the past week, while the Sensex has seen a loss of 4.55%. The one-month return for ICICI Bank stands at -9.62%, compared to the Sensex’s corresponding decline of -8.89%.

Despite the recent downturn, ICICI Bank has delivered a 3.99% return over the past year, outperforming the Sensex, which has gained 3.03%. Furthermore, the stock’s performance over the last decade has been robust, with a return of 555.19%, significantly higher than the Sensex’s 220.20% return.

On the same day, the Nifty Bank index dropped 4.2%, with all 14 constituents trading in the red. This decline coincided with a surge in market volatility, as the India VIX jumped more than 22% to 24.26.

ICICI Bank’s Mojo Score currently stands at 54.0, with a Mojo Grade of Hold, indicating a cautious outlook among investors. Observers are closely monitoring the stock’s performance amid these fluctuations, as market conditions remain uncertain.

ICICI Bank’s longer-term performance remains robust despite recent weakness, suggesting that while short-term challenges persist, the bank may still offer potential for recovery in the future.

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