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

May 09 2025 02:00 PM IST
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Union Bank of India has seen a notable rise in open interest, reaching 25,782 contracts, alongside a trading volume of 36,282 contracts. The stock has outperformed its sector and demonstrated increased investor participation, with a significant rise in delivery volume. It maintains a strong market capitalization and dividend yield.
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 25,782 contracts, marking a rise of 3,499 contracts or 15.7% from the previous open interest of 22,283. This surge coincides with a trading volume of 36,282 contracts, indicating robust market engagement.

In terms of price performance, Union Bank of India has outperformed its sector by 4.04%, reaching an intraday high of Rs 123.48, which represents a 6.84% increase for the day. The stock's weighted average price suggests that more volume was traded closer to its low price, while it remains above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages.

Additionally, the stock has shown rising investor participation, with a delivery volume of 58.55 lakh shares on May 8, reflecting a 63.6% increase compared to the 5-day average. With a market capitalization of Rs 92,679.61 crore, Union Bank of India continues to maintain a high dividend yield of 3.12%. Overall, the notable increase in open interest highlights a dynamic trading environment for the stock.
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