Bajaj Finance Sees 16.78% Surge in Open Interest Amid Increased Trading Activity

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 211,481 contracts, reflecting a notable rise of 30,381 contracts or 16.78% from the previous open interest of 181,100. This surge comes alongside a trading volume of 145,502 contracts, indicating robust activity in the derivatives market.
In terms of market performance, Bajaj Finance is currently trading close to its 52-week high, just 1.41% away from the peak of Rs 1,036. Despite this positive positioning, the stock has seen a slight decline of 0.83% today, which is in line with the sector's performance, as the NBFC sector recorded a 0.74% drop. The stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong trend in the medium to long term.

However, it is worth noting that investor participation has decreased, with delivery volume falling by 13.25% compared to the 5-day average. The liquidity remains adequate, supporting trade sizes of Rs 16.1 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Bajaj Finance, reflecting ongoing interest in the stock amidst fluctuating trading conditions.