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Government plans 4% stake sale in Indian Overseas Bank

after close1 source ↓written by the desknot a recommendation

in Indian Overseas
4% stake

The Government of India plans to divest a 4% stake in Indian Overseas Bank through a Qualified Institutional Placement (QIP) as part of its FY26 divestment strategy. This move aims to optimize its public sector banking investments and enhance capital raising from institutional investors.

The QIP method allows for efficient price discovery and ensures participation from qualified institutional buyers, potentially boosting long-term value for the bank. 📈

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 5 Feb 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOB closed 0.0% on the day of the news, from ₹34.82 to ₹34.81; Nifty +0.2% over the same session.

Bulletin at 16:04 IST on 5 Feb 2026. Every change is measured from ₹34.82, the last close before it, on 5 Feb. Nifty 50 is measured over the same sessions.

  • IOB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
IOB closes around the bulletin against the close before the news, with Nifty 50 rebased to it31.9434.8237.70axis spans 18%before the news · 5 Feb34.82Nifty 50IOBbulletinD0+1+3+51 Feb11 Feb20 FebReference close ₹34.82. 16 sessions from 1 Feb to 20 Feb; the price axis spans 18 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 %
Before5 Feb₹34.82basebase
On the day6 Feb₹34.810.0%▲ +0.2%−0.2 pp difference
+1 session9 Feb₹35.60▲ +2.2%▲ +0.9%+1.4 pp difference
+3 sessions11 Feb₹35.45▲ +1.8%▲ +1.2%+0.6 pp difference
+5 sessions13 Feb₹34.830.0%▼ −0.7%+0.7 pp difference
Gap at the open, % · ₹
▼ −0.1%−0.02 on 6 Feb
Day's range, % · ₹
2.0%≈ 0.69 high to low
Volume on the day
0.51×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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