A decisive close below 25,838 level could mark a short-term trend reversal for Nifty from bullish to bearish, potentially paving the way for a decline towards the next support near 25,740
The average trading volumes at the IDBI Bank counter jumped nearly two-fold with a combined 58.94 million equity shares changing hands on the NSE and BSE till 12:26 PM.
Till 01:48 PM, 76.1 million equity shares, representing 13.4 per cent of free-float equity of IDBI Bank, had changed hands on the NSE and BSE
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DFS Secretary M Nagaraju says the government will complete the IDBI Bank sale this fiscal and begin phased divestment in five other public sector lenders
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Dipam Secretary Arunish Chawla said IDBI Bank privatisation should conclude by March 2026 as bidders complete due diligence, with FY26 disinvestment proceeds set to exceed targets
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Net interest income (NII) declined by two per cent YoY to ₹3,166 crore in Q1 FY26, compared to ₹3,233 crore in Q1 FY25, the bank said in a statement
Operating profit increased by 13% in Q1FY26 to ₹2,354 crore as against ₹2,076 crore in Q1FY25
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So far this calendar year, IDBI Bank shares have experienced a robust double-digit drop of 30.5 per cent.
According to reports, the Government could soon finalise a share purchase agreement with potential buyers for the divestment of IDBI Bank