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ED conducts raids in ₹73 crore loan fraud case

market hours1 source ↓written by the desknot a recommendation

loan fraud involving
₹73 crore
held
29 Oct 2023

The Enforcement Directorate (ED) conducted multi-state raids related to a ₹73 crore loan fraud involving S R Alcobev Private Limited, targeting Punjab National Bank and Indian Bank. The operations, held on 29 Oct 2023, spanned Odisha, Delhi, Uttarakhand, and Punjab, recovering incriminating documents and financial records.

This investigation highlights ongoing concerns regarding fraud against nationalized banks, potentially impacting market sentiment in the banking sector. 📉

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 Nov 2025, 15:08 IST.

Sourcesnews.google.com

The market after the news

PNB closed −0.2% on the day of the news, from ₹123.52 to ₹123.25; Nifty −0.6% over the same session; futures OI +2.2%.

Bulletin at 15:08 IST on 4 Nov 2025. Every change is measured from ₹123.52, the last close before it, on 3 Nov. Nifty 50 is measured over the same sessions.

  • PNB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PNB closes around the bulletin against the close before the news, with Nifty 50 rebased to it111.46123.52135.58axis spans 22%before the news · 3 Nov123.52Nifty 50PNBbulletinD0+1+3+528 Oct10 Nov19 NovFutures open interest, lotspeak 29,000Reference close ₹123.52. 16 sessions from 28 Oct to 19 Nov; the price axis spans 22 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Nov₹123.52basebase
On the day4 Nov₹123.25▼ −0.2%▼ −0.6%+0.4 pp difference
+1 session6 Nov₹120.46▼ −2.5%▼ −1.0%−1.5 pp difference
+3 sessions10 Nov₹122.34▼ −1.0%▼ −0.7%−0.2 pp difference
+5 sessions12 Nov₹122.45▼ −0.9%▲ +0.4%−1.3 pp difference
Gap at the open, % · ₹
▼ −0.3%−0.37 on 4 Nov
Day's range, % · ₹
1.3%≈ 1.6 high to low
Volume on the day
0.70×the 20-session average
Futures OI on the day
▲ +2.2%+580 lots · short build-up · price −0.2%
Futures OI open, lots
27,0004 Nov · 25 Nov expiry
Futures premium, ₹
+0.33+0.3% to spot
Puts per call, by OI
0.77from 0.77 the session before
Max pain
120from 120 the session before

Source NSE UDiFF bhavcopy · PNB on the desk →

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