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BankingMedium impactPre-market

Union Bank and Bank of India merger could finalize by year-end

pre-market1 source ↓written by the desknot a recommendation

The merger process between Union Bank of India and Bank of India is reportedly in initial stages, with both banks conducting due diligence. Officials suggest that the merger could be completed by year-end, which may lead to significant operational synergies and market consolidation.

This merger could enhance competitiveness and efficiency in the banking sector, impacting investor sentiment positively. 📈

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 1 Feb 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

UNIONBANK closed −6.3% on the day of the news, from ₹180.76 to ₹169.37; Nifty −2.0% over the same session; futures OI +0.1%.

Bulletin at 07:03 IST on 1 Feb 2026. Every change is measured from ₹180.76, the last close before it, on 30 Jan. 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 it161.02180.76200.50axis spans 25%before the news · 30 Jan180.76Nifty 50UNIONBANKbulletinD0+1+3+523 Jan4 Feb13 FebFutures open interest, lotspeak 19,000Reference close ₹180.76. 16 sessions from 23 Jan to 13 Feb; 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 %
Before30 Jan₹180.76basebase
On the day1 Feb₹169.37▼ −6.3%▼ −2.0%−4.3 pp difference
+1 session2 Feb₹171.13▼ −5.3%▼ −0.9%−4.4 pp difference
+3 sessions4 Feb₹176.11▼ −2.6%▲ +1.8%−4.4 pp difference
+5 sessions6 Feb₹178.13▼ −1.4%▲ +1.5%−2.9 pp difference
Gap at the open, % · ₹
0.0%−0.02 on 1 Feb
Day's range, % · ₹
7.8%≈ 14 high to low
Volume on the day
0.59×the 20-session average
Futures OI on the day
▲ +0.1%+13 lots · short build-up · price −6.3%
Futures OI open, lots
17,0001 Feb · 24 Feb expiry
Futures premium, ₹
+0.72+0.4% to spot
Puts per call, by OI
0.63from 0.71 the session before
Max pain
178from 180 the session before

Source NSE UDiFF bhavcopy · UNIONBANK on the desk →

Thread · UNIONBANKAll UNIONBANK bulletins →

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