Bajaj Auto Sees 10.54% Surge in Open Interest, Reaching 78,246 Contracts

Bajaj Auto Ltd., a prominent player in the automobiles sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 78,246 contracts, marking a rise of 7,463 contracts or 10.54% from the previous open interest of 70,783. This surge coincides with a trading volume of 69,669 contracts, indicating robust market engagement.
In terms of financial metrics, Bajaj Auto's futures value is reported at Rs 54,583.14 lakhs, while the options value is substantially higher at Rs 41,239.74 crores, bringing the total value to Rs 60,329.41 lakhs. The underlying value of the stock is noted at Rs 8,625.

Today's performance shows the stock gaining 0.13%, which is in line with the sector's return of 0.15%, while the broader Sensex has dipped by 0.11%. Notably, the stock has reversed its trend after two consecutive days of decline and is currently trading above its 100-day and 200-day moving averages, although it remains below the 5-day, 20-day, and 50-day averages.

Overall, the increase in open interest for Bajaj Auto Ltd. underscores a notable shift in market dynamics, reflecting active participation and liquidity in the stock.