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, indicating increased trading activity, with current figures reaching 24,071 contracts. The day's trading volume hit 25,513 contracts, contributing to a total futures and options value of approximately Rs 48,678.64 lakhs, reflecting a robust market presence.
Union Bank of India has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 24,071 contracts, up from the previous 21,524 contracts, marking a change of 2,547 contracts or an 11.83% increase. The trading volume for the day reached 25,513 contracts, contributing to a total futures value of approximately Rs 44,549.71 lakhs and an options value of Rs 12,975.52 crores, bringing the total to Rs 48,678.64 lakhs.In terms of price performance, Union Bank of India has outperformed its sector by 2.24%, with the stock gaining 4.12% today. Over the past two days, it has recorded an impressive 8.32% increase. The stock reached an intraday high of Rs 154.39, reflecting a rise of 5.18%. 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 positive price movements, underscores the active trading environment surrounding Union Bank of India, highlighting its current market position within the public sector banking industry.
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