ICICI Bank surged in trade today following an upgrade by Morgan Stanley to "overweight" from "equal-weight". Morgan Stanley expects consumer loans at the bank to pick-up.
ICICI Bank jumped almost 3 per cent at Rs 1017 on the Bombay Stock Exchange. ICICI Bank is one of the country's top banking sector names. However, the stock like most of the banking stocks has dropped on fears of rising non performing assets.