US-India Tariffs: Why The Midterm Election May Not Change The Picture
ICICI Bank left its position unchanged.
· NDTV Profit
The tariffs on Indian goods rest on powers held by the US President, and most of them do not need Congress, according to a note by ICICI Bank's Economic Research Group.
The analysis
Against that, the stock is +0.8% on the day at ₹1,398.00, and has returned -2.5% over three months. It sits 4% below its 52-week high. The banks sector has moved -6.0% over the same period, so ICICI Bank is running 3.5 points ahead of its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: ICICI Bank (ICICIBANK), in Banks.
- Over three months: ICICI Bank -2.5% against Banks -6.0% (3.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ICICI BankICICIBANK · Banks | ₹1,398.00 | +0.8% | +5.8% | -2.5% | -4.4% | 0.9× | — |
Banks
1M -3.4% · 3M -6.0%
ICICI Bank
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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