Surge in Open Interest Signals Increased Market Engagement for Union Bank of India

Jun 03 2025 03:00 PM IST
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Union Bank of India has seen a notable rise in open interest, reaching 25,880 contracts, alongside a trading volume of 32,919 contracts, indicating increased market activity. The stock has outperformed its sector and demonstrated a significant rise in delivery volume, reflecting strong engagement in the public sector banking space.
Union Bank of India has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 25,880 contracts, up from the previous 22,595 contracts, marking a change of 3,285 contracts or a 14.54% increase. This surge in open interest coincides with a trading volume of 32,919 contracts, indicating robust market engagement.

In terms of price performance, Union Bank of India has outperformed its sector by 0.31%, despite a slight decline of 0.53% in its stock price today. The stock reached an intraday high of Rs 158.65, representing a 3.58% increase 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 stock has shown a remarkable rise in delivery volume, with a 167.76% increase compared to the 5-day average. With a market capitalization of Rs 1,18,626 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 Union Bank of India.
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