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BankingMedium impactAfter close

India suspends IDBI Bank stake sale due to low bids

after close1 source ↓written by the desknot a recommendation

in IDBI Bank
61% stake
valued at approximately
$6.5 billion

The Indian government's plan to sell a 61% stake in IDBI Bank has been halted as bids fell short of the minimum price threshold. The stake, valued at approximately $6.5 billion, is jointly held by the government and LIC. No official bidders have been disclosed, but Fairfax Financial and Emirates NBD were previously mentioned.

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 17 Mar 2026, 16:13 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IDBI closed +1.1% on the day of the news, from ₹74.10 to ₹74.93; Nifty +0.8% over the same session.

Bulletin at 16:13 IST on 17 Mar 2026. Every change is measured from ₹74.10, the last close before it, on 17 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 it61.5080.3299.14axis spans 61%before the news · 17 Mar74.10Nifty 50IDBIbulletinD0+1+3+511 Mar23 Mar6 AprReference close ₹74.10. 16 sessions from 11 Mar to 6 Apr; the price axis spans 61 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 %
Before17 Mar₹74.10basebase
On the day18 Mar₹74.93▲ +1.1%▲ +0.8%+0.3 pp difference
+1 session19 Mar₹70.16▼ −5.3%▼ −2.5%−2.9 pp difference
+3 sessions23 Mar₹67.39▼ −9.1%▼ −4.5%−4.5 pp difference
+5 sessions25 Mar₹67.15▼ −9.4%▼ −1.2%−8.2 pp difference
Gap at the open, % · ₹
▲ +1.6%+1.21 on 18 Mar
Day's range, % · ₹
3.5%≈ 2.6 high to low
Volume on the day
1.49×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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