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India pauses IDBI Bank stake sale due to low bids

pre-market1 source ↓written by the desknot a recommendation

The Government of India is considering halting the strategic sale of its majority stake in IDBI Bank after bids fell below the reserve price. This decision reflects broader market uncertainties, including rising global crude oil prices and geopolitical tensions. The government may revisit the sale when conditions improve or seek alternative investment strategies.

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 15 Mar 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IDBI closed −16.6% on the day of the news, from ₹92.18 to ₹76.90; Nifty +1.1% over the same session.

Bulletin at 07:02 IST on 15 Mar 2026. Every change is measured from ₹92.18, the last close before it, on 13 Mar. Nifty 50 is measured over the same sessions.

  • IDBI close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
IDBI closes around the bulletin against the close before the news, with Nifty 50 rebased to it61.5082.96104.42axis spans 70%before the news · 13 Mar92.18Nifty 50IDBIbulletinD0+1+3+59 Mar19 Mar1 AprReference close ₹92.18. 16 sessions from 9 Mar to 1 Apr; the price axis spans 70 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 %
Before13 Mar₹92.18basebase
On the day16 Mar₹76.90▼ −16.6%▲ +1.1%−17.7 pp difference
+1 session17 Mar₹74.10▼ −19.6%▲ +1.9%−21.5 pp difference
+3 sessions19 Mar₹70.16▼ −23.9%▼ −0.6%−23.3 pp difference
+5 sessions23 Mar₹67.39▼ −26.9%▼ −2.8%−24.1 pp difference
Gap at the open, % · ₹
▼ −10.9%−10.06 on 16 Mar
Day's range, % · ₹
7.3%≈ 6.7 high to low
Volume on the day
6.54×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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