Union Bank of India Sees Surge in Open Interest Amid Increased Trading Activity

Union Bank of India has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 25,090 contracts, up from the previous figure of 22,595, marking a change of 2,495 contracts or an 11.04% increase. The trading volume for the day reached 23,404 contracts, indicating robust participation in the market.
In terms of performance, Union Bank of India has outperformed its sector by 0.56%, despite a slight decline of 0.57% in its stock price today. The stock has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend. Notably, the delivery volume surged to 1.83 crore on June 2, reflecting a remarkable increase of 167.76% compared to the 5-day average delivery volume.

With a market capitalization of Rs 1,16,259.81 crore, Union Bank of India remains a significant player in the public sector banking industry. The liquidity of the stock is also noteworthy, with a trade size of Rs 5.78 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Union Bank of India.