# IDBI Bank's Wednesday Stock Surge

> IDBI Bank shares spike 17% on Wednesdays as privatization deal nears.
- Title: IDBI Bank's Wednesday Stock Surge · mint | Shortify
- Summary: IDBI Bank shares spike 17% on Wednesdays as privatization deal nears. IDBI Bank shares rose 17% on Wednesday, 17 June 2026, after government approved sale of…
- Keywords: idbi bank, securities, privatization, cabinet committee, fairfax financial, india, stock market, news, IDBI, Bank's, Wednesday, Stock
- Source: mint — https://livemint.com/market/stock-market-news/idbi-bank-share-price-pattern-on-wednesdays-11792059306104.html
- Author: Srushti Vaidya
- Published: 2026-10-16T00:31:15+00:00
- Read time: 1 min
- Topics: idbi bank, securities, privatization, cabinet committee, fairfax financial, india, stock market, news
## IDBI Bank's Wednesday Pattern
Over the past year, IDBI Bank shares delivered strongest average returns on Wednesdays with 1.08% gain.
## Wednesday's Stock Surge
The bank's shares surged 17% on Wednesday, 17 June 2026, after government approved sale of 60.72% stake to Canada Inc. for ₹52,878 crore.
## Thursday's Decline
IDBI Bank shares fell 8.1% on Thursday, 15 October, after profit booking erased previous gains.
## Privatization Deal Details
The government sold 60.72% stake in IDBI Bank to Canada Inc. for ₹52,878 crore, reducing government's holding to 15%.
## Market Reaction
Investors bet on Wednesday cabinet meetings for privatization breakthrough, driving higher trading volume.
## Trading Pattern
Wednesday's average trading volume was 22.28 million shares, 25% higher than overall average.
## Key takeaway

IDBI Bank shares rose 17% on Wednesday, 17 June 2026, after government approved sale of 60.72% stake to Canada Inc. for ₹52,878 crore.