Status: Automated market-move research draft
UNIONBANK • NSE • F&O Stock
UNION BANK OF INDIA traded at ₹166.00, -3.35% versus the previous close of ₹171.75. Latest market data: 29 Sep 2026 • 03:10 PM IST.
- The stock is -3.35% at ₹166.00.
- Likely reason: Selling pressure and profit-taking amid sector weakness
- Approximate traded value is ₹318.14 crore.
- It is -19.22% from its 52-week high and +23.64% from its 52-week low.
- The stock is being compared with Nifty Financial Services alongside the Nifty 50.
UNION BANK OF INDIA Share Price Today – Market Snapshot
Why Is UNION BANK OF INDIA Share Price Falling Today?
Union Bank of India (UNIONBANK) declined notably during today's trading session, closing down 3.35% at ₹166.00. The stock spent the day trading near its lowest levels, touching a day's low of ₹166.00 after opening at ₹171.71. Market participation was remarkably heavy, with trading volume surging to over 2.15 times its 5-day average and 2.53 times its 20-day average, pointing to elevated selling pressure.
The broader market environment showed mild weakness as the Nifty dipped 0.28%, while sector-wide pressures weighed on public sector banking counters amid ongoing market caution regarding interest rate trajectories. Union Bank's downward drift follows an extended correction phase, bringing its 5-day return down by 6.74% and its 20-day decline past 10%, reflecting persistent near-term weakness in line with the broader PSU banking index.
While no single company-specific catalyst was formally announced by the bank today, recent sector reports highlight broader macroeconomic concerns affecting PSU banks, including rate hike worries. The bank's earlier business updates from past quarters noted moderation in credit growth dynamics, which continue to form the background context for cautious institutional and retail sentiment.
medium confidence
- Price declined 3.35% to close at the day's low of ₹166.00.
- Volume surged to 2.15x of the 5-day average and 2.53x of the 20-day average.
- Broader PSU banking sector faced headwinds and rate hike concerns.
Performance Context
Cash-Market Activity
| Today’s Volume | 19,164,967 |
|---|---|
| 5-Day Avg. Volume | 8,907,058 |
| 20-Day Avg. Volume | 7,571,570 |
| Volume vs 20-Day Avg. | 2.53x |
| Delivery Quantity | 11,594,641 |
| Delivery % | 59.60% |
| Number of Trades | 76,090 |
Derivative-Market Activity
| Near-Month Futures | ₹171.98 |
|---|---|
| Cash Reference | ₹171.75 |
| Premium / Discount | ₹0.23 (+0.13%) |
| Change in Premium | ₹0.71 |
| Futures Volume | 5,985 |
| Volume vs Previous Session | 0.98x |
| Open Interest | 17,952,225 |
| OI vs Previous Session | 0.54x |
Ownership & Transaction Activity
Promoter Pledge / Encumbrance
The promoter/promoter-group disclosure states that the shares covered by the filing were free from encumbrance.
Source: NSE corporate filing
Recent Ownership / Shareholding Disclosure
- Promoter holding (President of India) stood at 74.76% (5,70,66,60,850 shares) as of March 31, 2026.
- All promoter shares remained free from any direct or indirect encumbrance or pledge during the financial year ended March 31, 2026.
Source: NSE corporate disclosure. Only factual ownership/shareholding details extracted from the filing are shown.
Recent Brokerage Views
Brokerage views are third-party opinions and are not WittyTrades recommendations.
WittyTrades Data Insight
Price Position: The stock is near the lower end of the day’s trading range.
Move From Open: -3.33%.
Intraday Range: 3.62% of the previous close.
5-Day Performance: -6.74%; 20-Day Performance: -10.22%.
Latest Company Developments
Relative Performance
| UNION BANK OF INDIA | -3.35% |
|---|---|
| Nifty 50 | -0.28% |
| Nifty Financial Services | N/A |
| Vs Nifty 50 | -3.07% |
| Vs Sector | N/A |
Technical Context
| Price | ₹166.00 |
|---|---|
| Day High / Low | ₹172.21 / ₹166.00 |
| 52-Week High | ₹205.49 |
| 52-Week Low | ₹134.26 |
| 5-Day Return | -6.74% |
| 20-Day Return | -10.22% |
What Should Traders and Investors Watch Next?
- Volume and delivery trends to check if institutional distribution is stabilizing near current support levels.
- Open interest and futures roll-over dynamics following the sharp long unwinding seen in recent sessions.
- Management commentary regarding credit growth recovery and net interest margin trajectories.
- Broader Nifty PSU Bank index performance for directional cues on public sector lenders.
Catalyst note: No single confirmed company-specific catalyst drove today's decline; the downward move was driven by heavy volume selling and broader sector weakness.
Frequently Asked Questions
What is the likely reason for today’s move?
The stock declined alongside broader PSU banking weakness, accompanied by significantly elevated trading volumes that exceeded 2x normal averages. With no immediate positive fundamental trigger today, the downward move reflects continued technical correction and selling pressure.
Is trading volume elevated?
Today’s volume is 19,164,967. The latest 20-day average available is 7,571,570, equivalent to about 2.53x of the recent average.
What does the derivatives market show?
The latest official NSE F&O report is summarised in the Derivative-Market Activity box above.
Before acting on this stock
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Market data, exchange filings, company disclosures and reputable business-media reports are collected automatically and summarised for investor context. Material facts are cross-checked where possible; price data may be delayed and a cited development should not be assumed to be the sole cause of a market move unless the evidence supports that conclusion.
Article by: WittyTrades Research Desk
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