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

Mar 25 2025 03:01 PM IST
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Union Bank of India has seen a significant rise in open interest, reaching 23,250 contracts, alongside a robust trading volume of 23,258 contracts. Despite a decline in stock price, the bank's delivery volume surged, indicating active market participation and solidifying its position in the public banking sector.
Union Bank of India has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 23,250 contracts, up from the previous 21,134 contracts, marking a change of 2,116 contracts or a 10.01% increase. The trading volume for the day reached 23,258 contracts, indicating robust participation in the market.

In terms of price performance, Union Bank of India has underperformed its sector by 1.33%, with the stock falling 2.82% today. It touched an intraday low of Rs 122.34, representing a decline of 4.02%. Despite this, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend.

The delivery volume has also seen a significant rise, with 59.92 lakh shares delivered on March 24, an increase of 59.28% compared to the 5-day average. With a market capitalization of Rs 97,405 crore, Union Bank of India remains a significant player in the public banking sector. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for the stock today.
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