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

Jun 03 2025 01:00 PM IST
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Union Bank of India has seen a notable rise in open interest, reaching 25,472 contracts, alongside a trading volume of 29,130 contracts. Despite a slight decline in stock price, the bank's performance remains strong, with significant increases in delivery volume and a solid market capitalization.
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 25,472 contracts, up from the previous figure of 22,595, marking a change of 2,877 contracts or a 12.73% increase. The trading volume for the day reached 29,130 contracts, indicating robust participation in the market.

In terms of price performance, Union Bank of India has outperformed its sector by 0.38%, despite a slight decline of 0.68% in its stock price today. The stock touched an intraday high of Rs 158.65, representing a gain of 3.58% at its peak. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend.

Additionally, the delivery volume has surged to 1.83 crore shares, reflecting a 167.76% increase compared to the 5-day average. With a market capitalization of Rs 1,16,130.04 crore, Union Bank of India remains a significant player in the public sector banking industry. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for the stock.
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