Avenue Supermarts Sees Surge in Open Interest Amid Increased Futures Market Activity

Avenue Supermarts Ltd (DMART) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 50,673 contracts, marking a rise of 6,314 contracts or 14.23% from the previous open interest of 44,359. This surge coincides with a trading volume of 41,892 contracts, indicating robust participation in the stock's derivatives.
In terms of price performance, Avenue Supermarts opened with a notable gain of 4%, reaching an intraday high of Rs 4,949.5, which represents a 4.01% increase. The stock has shown consistent upward movement, gaining 2.42% over the past two days. Currently, Avenue Supermarts is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong short-term trend.

Despite this positive price action, there has been a decline in investor participation, with delivery volume dropping by 22.14% compared to the 5-day average. The stock remains liquid, with a trading capacity of Rs 5.07 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading environment for Avenue Supermarts.