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

May 09 2025 01:00 PM IST
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Union Bank of India has seen a notable rise in open interest, indicating increased trading activity, with current figures at 25,421 contracts. The stock has outperformed its sector, reaching an intraday high and showing strong liquidity, while maintaining a high dividend yield amidst market fluctuations.
Union Bank of India has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 25,421 contracts, up from the previous figure of 22,283, marking a change of 3,138 contracts or a 14.08% increase. The trading volume for the day reached 25,964 contracts, contributing to a total futures value of approximately Rs 42,408.42 lakhs and an options value of Rs 10,057.57 crores, culminating in a total value of Rs 45,418.15 lakhs.

In terms of price performance, Union Bank of India has outperformed its sector by 3.9%, with the stock touching an intraday high of Rs 123.48, reflecting a gain of 6.84% for the day. The weighted average price indicates that more volume was traded closer to the low price. The stock is currently above its 50-day, 100-day, and 200-day moving averages, although it remains below its 5-day and 20-day moving averages. Additionally, the stock boasts a high dividend yield of 3.12% and has shown increased liquidity, with delivery volume rising by 63.6% compared to the 5-day average.

Overall, the notable rise in open interest for Union Bank of India underscores a dynamic trading environment, with the stock demonstrating solid performance metrics amidst broader market fluctuations.
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