Adani Ports Sees 21.72% Surge in Open Interest Amid Increased Trading Activity

Adani Ports & Special Economic Zone Ltd, a prominent player in the transport infrastructure sector, has experienced a significant increase in open interest today. The latest open interest stands at 97,895 contracts, marking a notable rise of 17,469 contracts or 21.72% from the previous open interest of 80,426. This surge in open interest coincides with a trading volume of 59,491 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Adani Ports is currently trading just 2.93% below its 52-week high of Rs 1,494, reflecting strong market positioning. The stock's performance today aligns closely with the sector, with a slight decline of 0.21%, compared to a 0.17% drop in the sector and a 0.52% decrease in the Sensex.

Additionally, Adani Ports is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust trend. The delivery volume of 14.48 lakh shares on October 29 has increased by 23.56% against the 5-day average, further highlighting rising investor participation.

Overall, the notable increase in open interest and consistent trading metrics underscore the active engagement surrounding Adani Ports in the current market landscape.