ABB India Ltd Sees Significant Open Interest Surge Amid Active Derivatives Trading

Apr 17 2025 02:00 PM IST
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ABB India Ltd has seen a notable rise in open interest, reaching 47,847 contracts, alongside a trading volume of 143,646 contracts, indicating active participation in the derivatives market. The stock has outperformed its sector, achieving a 4.02% return today and a total gain of 11.05% over four days.
ABB India Ltd, a prominent player in the Electric Equipment industry, has experienced a significant increase in open interest today. The latest open interest stands at 47,847 contracts, reflecting a rise of 4,487 contracts or 10.35% from the previous open interest of 43,360. This uptick coincides with a trading volume of 143,646 contracts, indicating robust activity in the derivatives market.

In terms of price performance, ABB India has outperformed its sector by 2%, marking a notable 4.02% return for the day. The stock has shown consistent gains over the past four days, accumulating a total return of 11.05% during this period. Today, it reached an intraday high of Rs 5,645, representing a 4.94% increase.

Despite this positive momentum, there has been a decline in delivery volume, which fell by 9.15% compared to the five-day average, with a total of 2.23 lakh shares delivered on April 16. The stock remains liquid, with a trading capacity suitable for transactions up to Rs 2.98 crore, based on 2% of the five-day average traded value.

Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for ABB India, reflecting the underlying trends in the electric equipment sector.
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