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BankingMedium impactAfter close

Government plans stake sale in PSU banks including IOB

after close1 source ↓written by the desknot a recommendation

in IOB
92.44%

The Centre is set to reduce its stake in public sector banks, starting with Indian Overseas Bank (IOB) via an Offer for Sale (OFS). Currently, the government holds 92.44% in IOB and aims to comply with SEBI's minimum public shareholding norms. Other banks like UCO Bank and Punjab & Sind Bank may also see stake sales soon.

This move could enhance public ownership in state-run lenders and attract investor interest, impacting market sentiment positively.

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 14 Jul 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOB closed +0.3% on the day of the news, from ₹33.68 to ₹33.78; Nifty +0.1% over the same session.

Bulletin at 16:03 IST on 14 Jul 2026. Every change is measured from ₹33.68, the last close before it, on 14 Jul. 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 it30.8933.6836.47axis spans 18%before the news · 14 Jul33.68Nifty 50IOBbulletinD0+1+3+58 Jul20 Jul29 JulReference close ₹33.68. 16 sessions from 8 Jul to 29 Jul; 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 %
Before14 Jul₹33.68basebase
On the day15 Jul₹33.78▲ +0.3%▲ +0.1%+0.2 pp difference
+1 session16 Jul₹33.79▲ +0.3%▲ +0.1%+0.2 pp difference
+3 sessions20 Jul₹35.00▲ +3.9%▲ +0.8%+3.1 pp difference
+5 sessions22 Jul₹34.59▲ +2.7%▼ −0.2%+2.9 pp difference
Gap at the open, % · ₹
▲ +0.2%+0.07 on 15 Jul
Day's range, % · ₹
1.6%≈ 0.54 high to low
Volume on the day
0.50×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · IOB on the desk →

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