Bajaj Auto Sees 14.63% Surge in Open Interest Amid Increased Futures Activity

Bajaj Auto Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 88,397 contracts, up from the previous 77,116 contracts, marking a change of 11,281 contracts or a 14.63% increase. This surge in open interest comes alongside a trading volume of 57,751 contracts, indicating heightened market engagement.
In terms of performance, Bajaj Auto has outperformed its sector by 0.3%, reversing a trend of four consecutive days of decline. The stock has traded within a narrow range of Rs 87, demonstrating stability amid market fluctuations. Notably, it is currently positioned above the 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume on October 23 falling by 3.18% compared to the five-day average. The stock's liquidity remains robust, with a trade size of Rs 5.34 crore based on 2% of the five-day average traded value. Overall, the increase in open interest for Bajaj Auto highlights a shift in market dynamics, warranting attention from market participants.