Union Bank of India Sees 11.95% Surge in Open Interest to 32,627 Contracts

Union Bank of India has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 32,627 contracts, up from the previous figure of 29,144, marking a change of 3,483 contracts or an 11.95% increase. This surge in open interest coincides with a trading volume of 20,821 contracts, indicating robust participation in the market.
In terms of price performance, Union Bank of India has outperformed its sector by 0.27%, although it has seen a slight decline of 0.92% in its stock price today. The stock has recently experienced a trend reversal after three consecutive days of gains. Notably, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend.

The bank's liquidity remains favorable, with a delivery volume of 51.07 lakh shares on October 23, reflecting a 41.19% increase compared to the 5-day average. Additionally, Union Bank offers a high dividend yield of 3.29% at the current price. Overall, the increase in open interest and trading metrics highlights a dynamic trading environment for Union Bank of India.