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CBI raids linked to ₹504 crore IDFC First Bank fraud

The CBI conducted raids at five locations in Chandigarh and Ludhiana as part of an investigation into the alleged ₹504 crore IDFC First Bank fraud. Seized materials may impact market sentiment and raise governance concerns in the banking sector.

after close1 source ↓written by the desknot a recommendation

IDFC First Bank
₹504 crore

The Central Bureau of Investigation (CBI) conducted searches at five locations in Chandigarh and Ludhiana related to the ₹504 crore IDFC First Bank fraud. Investigators seized digital devices and financial documents from residences and businesses linked to the alleged misappropriation of funds from Chandigarh Smart City Limited accounts.

This operation may impact market sentiment towards IDFC First Bank and raise concerns about governance and compliance within 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 24 Jul 2026, 16:12 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IDFCFIRSTB closed +5.1% on the day of the news, from ₹80.79 to ₹84.88; Nifty +1.0% over the same session; futures OI +2.2%.

Bulletin at 16:12 IST on 24 Jul 2026. Every change is measured from ₹80.79, the last close before it, on 24 Jul. Nifty 50 is measured over the same sessions.

  • IDFCFIRSTB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IDFCFIRSTB closes around the bulletin against the close before the news, with Nifty 50 rebased to it72.2380.7989.35axis spans 24%before the news · 24 Jul80.79Nifty 50IDFCFIRSTBbulletinD0+1+3+520 Jul30 Jul10 AugFutures open interest, lotspeak 47,000Reference close ₹80.79. 16 sessions from 20 Jul to 10 Aug; the price axis spans 24 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 %
Before24 Jul₹80.79basebase
On the day27 Jul₹84.88▲ +5.1%▲ +1.0%+4.1 pp difference
+1 session28 Jul₹85.75▲ +6.1%▲ +0.9%+5.2 pp difference
+3 sessions30 Jul₹84.76▲ +4.9%▲ +2.3%+2.6 pp difference
+5 sessions3 Aug₹86.00▲ +6.5%▲ +4.2%+2.2 pp difference
Gap at the open, % · ₹
▲ +6.8%+5.51 on 27 Jul
Day's range, % · ₹
5.0%≈ 4.1 high to low
Volume on the day
9.27×the 20-session average
Futures OI on the day
▲ +2.2%+940 lots · long build-up · price +5.1%
Futures OI open, lots
44,00027 Jul · 28 Jul expiry
Futures premium, ₹
+0.07+0.1% to spot
Puts per call, by OI
0.74from 0.76 the session before
Max pain
82from 80 the session before

Source NSE UDiFF bhavcopy · IDFCFIRSTB on the desk →

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