via Share Market News, BSE/NSE India, Sensex, Nifty | The HinduBusinessLine Sensex, Nifty, Share Prices LIVE: The outlook for Indian Overseas Bank (IOB) is bullish. The stock surged over 8 per cent on Wednesday and closed on a strong note. This rise confirms a double bottom pattern on the charts. It also gives an early sign of a trend reversal. Support is around ₹56 - the neckline level of the double bottom pattern.