NSE seeks clarification from IDBI Bank on Fairfax-IIFL news report

IDBI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹81.22

prior close

₹81.40

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.5%+0.2% vs market

Private Sector Bank peers, median of 19sector-0.6%+0.3% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and 0.3 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

+0.0

15m

-0.1

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-0.5+0.2-0.6+0.3

Next day

+0.3-0.5+0.9-1.0+1.3

+2.9-1.0+3.9-1.4+4.3

+2.2-3.4+5.6-3.6+5.8

+2.1-3.6+5.7-1.7+3.8

+0.9-2.8+3.7-1.8+2.7

+2.2-1.3+3.5-3.1+5.2

15d

+7.2-5.1+12.3-4.5+11.7

+2.4-5.1+7.6-3.2+5.6

—————

UpDownMarket · Nifty Smallcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE has asked IDBI Bank to clarify a news report that Fairfax is planning to sell its stake in IIFL Finance to fund its bid for IDBI Bank. The bank has not yet sent its response to the exchange. The matter is linked to a potential change in ownership at IDBI Bank.

Likely market impact

Short-term uncertainty on the stock pending the bank's response; no definitive impact until clarification is provided.