Axis Bank Sees 14,536 Call Contracts at Rs 1,260 Strike, Turnover Hits Rs 1,298.25 Lakhs

Axis Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying asset, AXISBANK, saw significant activity with 14,536 call contracts traded, resulting in a turnover of approximately Rs 1,298.25 lakhs. The options have an expiry date set for November 25, 2025, with a strike price of Rs 1,260. Open interest stands at 2,707 contracts, indicating a robust interest in this option. In terms of price performance, Axis Bank is currently trading at Rs 1,265.20, just 0.79% shy of its 52-week high of Rs 1,276.10. The stock has outperformed its sector by 1.31% today and has shown a consistent upward trend, gaining 3.64% over the past four days. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong bullish sentiment. However, it is noteworthy that the delivery volume has decreased by 33.38% compared to the 5-day average, with 25.41 lakhs delivered on November 17. Despite this decline in investor participation, the stock remains liquid enough for a trade size of Rs 13.3 crore, based on 2% of the 5-day average traded value. Overall, Axis Bank's current performance highlights its strong market position within the private sector banking industry.