Union Bank of India Sees Surge in Open Interest Amid Increased Trading Activity
Union Bank of India has seen a notable rise in open interest, reaching 33,779 contracts, indicating increased trading activity. The day's trading volume hit 15,992 contracts, contributing to a total futures and options value of approximately Rs 64,034 lakhs. The bank maintains a strong market capitalization of Rs 1,10,420 crore.
Union Bank of India has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 33,779 contracts, marking a rise of 5,050 contracts or 17.58% from the previous open interest of 28,729. The trading volume for the day reached 15,992 contracts, contributing to a total futures value of approximately Rs 62,085 lakhs and an options value of around Rs 4,446,975,656, bringing the total to Rs 64,034 lakhs.In terms of price performance, Union Bank of India has outperformed its sector by 2.4%, with the stock reaching an intraday high of Rs 147.9, reflecting a gain of 2.49%. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. Notably, the delivery volume has increased by 4.75% compared to the 5-day average, indicating rising investor participation.
With a market capitalization of Rs 1,10,420 crore, Union Bank of India continues to maintain a strong position within the public sector banking industry. The notable increase in open interest today highlights the stock's active trading environment.
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