$UNIONBANK

Union Bank of India’s derivatives contracts reached 40,357, marking a 14.3% increase from the previous figure of 35,318. This surge in OI accompanies a daily traded volume of 22,088 contracts, indicating robust participation in the derivatives market. The futures segment alone accounted for a value of approximately ₹42,565 lakhs, while options contracts contributed a substantially larger notional value, reflecting active hedging and speculative activity. The rise in open interest amid a declining stock price suggests that new positions are being established rather than existing ones being closed out. This pattern often points to fresh directional bets or hedging strategies being put in place by market participants. Union Bank of India’s underlying equity price has been under pressure, with the stock falling by 6.41% on the latest trading day, underperforming its sector by over 5%. The stock opened with a gap down of 3.19% and touched an intraday low of ₹161.6, representing a 7.3% decline from the previous close. Notably, the weighted average price for the day clustered near the low, indicating that heavier volumes traded at depressed price levels. Technical indicators show the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning underscores the prevailing bearish momentum in the near term.