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BankingMedium impactPre-market

Kotak flags valuation concerns over IDBI privatization

pre-market1 source ↓written by the desknot a recommendation

Kotak Mahindra Bank's CEO Ashok Vaswani expressed concerns over the high valuation sought for a stake in IDBI Bank, indicating a tepid bidder appetite. Despite receiving a fit-and-proper criteria from the central bank, Kotak did not submit a bid. The privatization process for IDBI Bank continues, with the government maintaining its valuation expectations despite delays.

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 4 May 2026, 07:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

KOTAKBANK closed −3.0% on the day of the news, from ₹383.30 to ₹371.65; Nifty +0.5% over the same session; futures OI −5.8%.

Bulletin at 07:06 IST on 4 May 2026. Every change is measured from ₹383.30, the last close before it, on 30 Apr. Nifty 50 is measured over the same sessions.

  • KOTAKBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
KOTAKBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it348.34383.30418.26axis spans 20%before the news · 30 Apr383.30Nifty 50KOTAKBANKbulletinD0+1+3+524 Apr7 May18 MayFutures open interest, lotspeak 1.2 LReference close ₹383.30. 16 sessions from 24 Apr to 18 May; the price axis spans 20 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₹383.30basebase
On the day4 May₹371.65▼ −3.0%▲ +0.5%−3.5 pp difference
+1 session5 May₹371.35▼ −3.1%▲ +0.1%−3.3 pp difference
+3 sessions7 May₹379.40▼ −1.0%▲ +1.4%−2.4 pp difference
+5 sessions11 May₹381.05▼ −0.6%▼ −0.8%+0.2 pp difference
Gap at the open, % · ₹
▼ −1.1%−4.41 on 4 May
Day's range, % · ₹
5.0%≈ 19 high to low
Volume on the day
4.06×the 20-session average
Futures OI on the day
▼ −5.8%−7,100 lots · long unwinding · price −3.0%
Futures OI open, lots
1.1 L4 May · 26 May expiry
Futures premium, ₹
+0.85+0.2% to spot
Puts per call, by OI
0.63from 0.94 the session before
Max pain
378from 385 the session before

Source NSE UDiFF bhavcopy · KOTAKBANK on the desk →

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