Union Bank of India Sees Surge in Derivatives Open Interest Amid Price Rally

Union Bank of India sees a 12.7% rise in derivatives open interest, with stock hitting a 52-week high, signaling strong investor interest.

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Union Bank of India Sees Surge in Derivatives Open Interest Amid Price Rally

Union Bank of India Sees Surge in Derivatives Open Interest Amid Price Rally
Union Bank of India has witnessed a notable surge in open interest (OI) in its derivatives segment, reflecting growing market engagement. The OI increased by 12.7%, from 29,683 to 33,445 contracts, indicating rising investor activity in futures and options. This increase aligns with a fresh 52-week high in the stock price, which hit ₹160.15, a 3.87% rise on the day. The total combined derivatives value reached ₹50,058 lakhs, with futures valued at ₹45,384 lakhs and options at ₹18,160.99 crores.
Companies:
  • Union Bank of India
Tags:
  • Union Bank of India
  • derivatives