Union Bank of India Sees Surge in Open Interest Amid Increased Trading Activity
Union Bank of India has seen a notable rise in open interest, reaching 23,839 contracts, alongside a trading volume of 18,260 contracts. The stock has outperformed its sector and is trading above multiple moving averages, indicating strong market engagement and positive price momentum.
Union Bank of India has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 23,839 contracts, up from the previous 21,524 contracts, marking a change of 2,315 contracts or a 10.76% increase. The trading volume for the day reached 18,260 contracts, contributing to a total futures value of approximately Rs 31,240.84 lakhs. The options value is notably high at Rs 9,334.28 crores, bringing the total value to Rs 34,246.67 lakhs.In terms of price performance, Union Bank of India has outperformed its sector by 2.26%, with the stock gaining 4.39% today alone. Over the past two days, it has recorded an impressive 8.5% increase. The stock reached an intraday high of Rs 153.39, reflecting a 4.5% rise. Additionally, Union Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Overall, the notable rise in open interest, coupled with robust trading volume and positive price performance, underscores the active market engagement surrounding Union Bank of India.
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