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.