Bajaj Auto Sees Significant Rise in Open Interest Amid Increased Derivatives Activity

Bajaj Auto Ltd., a prominent player in the automobiles sector, has experienced a significant increase in open interest today. The latest open interest stands at 81,381 contracts, reflecting a rise of 7,429 contracts or 10.05% from the previous open interest of 73,952. This uptick in open interest coincides with a trading volume of 73,015 contracts, indicating heightened activity in the derivatives market.
In terms of overall market performance, Bajaj Auto has underperformed its sector by 0.27%, despite a slight 1D return of 0.17%. The stock has shown signs of a trend reversal, gaining after two consecutive days of decline. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position.

The stock's liquidity remains robust, with a delivery volume of 298,000 shares on July 25, marking an 86.46% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 2,25,891.48 crore, Bajaj Auto continues to be a significant entity in the large-cap segment of the market. Overall, the notable rise in open interest highlights increased trading activity, reflecting the current dynamics surrounding Bajaj Auto.