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PNB to launch acquisition finance business in Q3

pre-market1 source ↓written by the desknot a recommendation

of deal value
75%

Punjab National Bank (PNB) plans to enter the acquisition finance sector in Q3 FY2024, following new RBI guidelines that raise lending limits to 75% of deal value. CEO Ashok Chandra noted that the bank aims to diversify its asset portfolio by partnering with domestic entities. This move could tap into a large market with significant opportunities.

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 22 Jul 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PNB closed −1.2% on the day of the news, from ₹112.08 to ₹110.73; Nifty −0.8% over the same session; futures OI −1.8%.

Bulletin at 07:02 IST on 22 Jul 2026. Every change is measured from ₹112.08, the last close before it, on 21 Jul. Nifty 50 is measured over the same sessions.

  • PNB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PNB closes around the bulletin against the close before the news, with Nifty 50 rebased to it101.14112.08123.02axis spans 22%before the news · 21 Jul112.08Nifty 50PNBbulletinD0+1+3+515 Jul27 Jul5 AugFutures open interest, lotspeak 44,000Reference close ₹112.08. 16 sessions from 15 Jul to 5 Aug; the price axis spans 22 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 %
Before21 Jul₹112.08basebase
On the day22 Jul₹110.73▼ −1.2%▼ −0.8%−0.4 pp difference
+1 session23 Jul₹110.15▼ −1.7%▼ −1.3%−0.4 pp difference
+3 sessions27 Jul₹111.62▼ −0.4%▼ −0.8%+0.4 pp difference
+5 sessions29 Jul₹111.08▼ −0.9%▲ +0.3%−1.1 pp difference
Gap at the open, % · ₹
0.0%0.00 on 22 Jul
Day's range, % · ₹
2.2%≈ 2.5 high to low
Volume on the day
0.96×the 20-session average
Futures OI on the day
▼ −1.8%−710 lots · long unwinding · price −1.2%
Futures OI open, lots
40,00022 Jul · 28 Jul expiry
Futures premium, ₹
−0.040.0% to spot
Puts per call, by OI
0.80from 0.83 the session before
Max pain
108from 108 the session before

Source NSE UDiFF bhavcopy · PNB on the desk →

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