According to market sources, the deal was an FII transaction conducted at a discount to the market price. In the normal segment, the stock hit the upper end of the price band at Rs 59.40 on the BSE. However, profit booking towards the fag end of the session led to a price erosion with the stock closing at Rs 56.65. Institutional buying also saw the ICICI bank counter hit the upper end of the price band at Rs 27.30. The stock closed at the same levels with about 4.49 lakh shares exchanging hands on the BSE.

Similarly, Vysya Bank registered a phenomenal volume of 5 lakh shares on the negotiated segment of the BSE. The deal which was reported in the form of a cross deal was executed at a price of Rs 144.75.Interestingly, this deal was done at a discount of over 10 per cent to the market price of Rs 160.10.