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Public sector bank stocks rise 3% on merger news

market hours1 source ↓written by the desknot a recommendation

today following reports
3%

Public sector banks (PSBs) surged up to 3% today following reports of a government strategy to merge several PSBs and privatize smaller lenders. The proposed merger between Union Bank of India and Bank of India aims to create the second-largest state-owned bank after State Bank of India. This move is part of a broader effort to strengthen the banking sector.

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 3 Nov 2025, 14:02 IST.

Sourcesnews.google.com

The market after the news

UNIONBANK closed +1.5% on the day of the news, from ₹148.67 to ₹150.88; Nifty +0.2% over the same session; futures OI −3.2%.

Bulletin at 14:02 IST on 3 Nov 2025. Every change is measured from ₹148.67, the last close before it, on 31 Oct. Nifty 50 is measured over the same sessions.

  • UNIONBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
UNIONBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it132.44148.67164.90axis spans 25%before the news · 31 Oct148.67Nifty 50UNIONBANKbulletinD0+1+3+527 Oct7 Nov18 NovFutures open interest, lotspeak 20,000Reference close ₹148.67. 16 sessions from 27 Oct to 18 Nov; the price axis spans 25 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 %
Before31 Oct₹148.67basebase
On the day3 Nov₹150.88▲ +1.5%▲ +0.2%+1.3 pp difference
+1 session4 Nov₹151.54▲ +1.9%▼ −0.5%+2.4 pp difference
+3 sessions7 Nov₹153.30▲ +3.1%▼ −0.9%+4.0 pp difference
+5 sessions11 Nov₹152.62▲ +2.7%▼ −0.1%+2.8 pp difference
Gap at the open, % · ₹
▲ +0.2%+0.33 on 3 Nov
Day's range, % · ₹
2.6%≈ 3.8 high to low
Volume on the day
1.84×the 20-session average
Futures OI on the day
▼ −3.2%−600 lots · short covering · price +1.5%
Futures OI open, lots
18,0003 Nov · 25 Nov expiry
Futures premium, ₹
+0.60+0.4% to spot
Puts per call, by OI
0.82from 0.87 the session before
Max pain
148from 148 the session before

Source NSE UDiFF bhavcopy · UNIONBANK on the desk →

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