Union Bank of India has recently experienced a notable increase in open interest (OI), reflecting heightened activity in its futures market. The latest OI stands at 25,945 contracts, marking a significant rise from the previous OI of 22,283 contracts. This change represents an increase of 3,662 contracts, or 16.43%. The trading volume for the stock reached 38,896 contracts, contributing to a total futures value of approximately Rs 61,646.11 lakhs. In terms of price performance, Union Bank of India has outperformed its sector by 5.01%, with the stock hitting an intraday high of Rs 123.48, reflecting a gain of 6.84% for the day. The weighted average price indicates that more volume was traded closer to the low price. The stock is currently above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. Additionally, the stock has shown a delivery volume of 58.55 lakhs on May 8, which is a 63.6% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 93,389.53 crores, Union Bank of India continues to demonstrate liquidity suitable for trading sizes of Rs 0.38 crores. Overall, the increase in open interest and trading volume highlights a significant shift in market dynamics for Union Bank of India.

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