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Federal Bank to acquire Standard Chartered's credit card portfolio

after close1 source ↓written by the desknot a recommendation

Federal Bank's Board has approved the acquisition of a select portfolio of retail credit cards from Standard Chartered Bank India. This strategic move aims to enhance its retail banking segment and was formalized during a Board meeting on 30 Apr 2026.

The acquisition is expected to strengthen Federal Bank's offerings in the competitive credit card market, potentially increasing customer acquisition and revenue streams.

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 30 Apr 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

FEDERALBNK closed +0.8% on the day of the news, from ₹286.95 to ₹289.15; Nifty +0.5% over the same session; futures OI +3.1%.

Bulletin at 16:03 IST on 30 Apr 2026. Every change is measured from ₹286.95, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • FEDERALBNK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
FEDERALBNK closes around the bulletin against the close before the news, with Nifty 50 rebased to it259.40286.95314.50axis spans 21%before the news · 30 Apr286.95Nifty 50FEDERALBNKbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 35,000Reference close ₹286.95. 16 sessions from 24 Apr to 18 May; the price axis spans 21 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 %
Before30 Apr₹286.95basebase
On the day4 May₹289.15▲ +0.8%▲ +0.5%+0.3 pp difference
+1 session5 May₹292.60▲ +2.0%▲ +0.1%+1.8 pp difference
+3 sessions7 May₹297.05▲ +3.5%▲ +1.4%+2.1 pp difference
+5 sessions11 May₹292.45▲ +1.9%▼ −0.8%+2.7 pp difference
Gap at the open, % · ₹
▲ +1.1%+3.04 on 4 May
Day's range, % · ₹
1.5%≈ 4.2 high to low
Volume on the day
0.65×the 20-session average
Futures OI on the day
▲ +3.1%+990 lots · long build-up · price +0.8%
Futures OI open, lots
33,0004 May · 26 May expiry
Futures premium, ₹
+1.60+0.6% to spot
Puts per call, by OI
0.53from 0.51 the session before
Max pain
290from 290 the session before

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