Axis Bank Sees Surge in Open Interest Amid Broader Market Challenges
Axis Bank Ltd. has reported a notable rise in open interest, reaching 275,759, alongside a trading volume of 121,996. Despite this activity, the stock has underperformed its sector and is currently trading below multiple moving averages, indicating challenges in investor participation and overall market conditions.
Axis Bank Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 275,759, up from the previous OI of 249,069. This marks a change of 26,690, representing a 10.72% increase. The trading volume for the stock reached 121,996, contributing to a futures value of approximately Rs 298,609.48 lakhs and an options value of Rs 55,153.04 crore, bringing the total value to Rs 302,226.75 lakhs. The underlying value stands at Rs 1,079.Despite this notable activity in open interest, Axis Bank's performance today has underperformed its sector by 0.7%, with a 1D return of -1.42%. The stock has been on a downward trend, losing 2.26% over the last two days. Additionally, Axis Bank is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also seen a decline of 21.53% compared to the 5-day average, indicating a decrease in investor participation.
In summary, while the increase in open interest is noteworthy, Axis Bank's recent performance reflects broader challenges in the market.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
