Bajaj Finance Sees Significant Surge in Open Interest, Indicating Active Derivatives Market
Bajaj Finance Ltd has seen a notable increase in open interest, reaching 210,442 contracts, indicating heightened activity in the derivatives market. The stock has outperformed its sector and is trading above several moving averages, while also experiencing an uptick in delivery volume. Its market capitalization stands at Rs 5,59,814 crore.
Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 210,442 contracts, reflecting a rise of 24,953 contracts or 13.45% from the previous open interest of 185,489. This surge indicates heightened activity in the derivatives market for the stock, with a trading volume of 106,982 contracts.In terms of overall market performance, Bajaj Finance has outperformed its sector by 0.68%, with a one-day return of 0.71%. The stock is currently trading above its 5-day, 20-day, and 200-day moving averages, although it remains below the 50-day and 100-day moving averages. Notably, the delivery volume has also seen an uptick, with 47.17 lakh shares delivered on August 22, marking a 3.07% increase compared to the 5-day average.
With a market capitalization of Rs 5,59,814 crore, Bajaj Finance continues to maintain a robust position in the financial landscape. The liquidity of the stock remains favorable, accommodating trade sizes of Rs 15.48 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest underscores the active trading environment surrounding Bajaj Finance.
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