Bajaj Finserv Open Interest Rises 11.07% to 74,052 Contracts Amid Increased Futures Activity

Bajaj Finserv Ltd, a prominent player in the holding company sector, has experienced a significant increase in open interest today. The latest open interest stands at 74,052 contracts, reflecting a rise of 7,382 contracts or 11.07% from the previous open interest of 66,670. This uptick coincides with a trading volume of 27,716 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, Bajaj Finserv is currently trading at Rs 2,162, just 1.46% shy of its 52-week high of Rs 2,195. Despite this proximity to its peak, the stock has underperformed its sector by 0.55% today, following a trend reversal after three consecutive days of gains. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in its price movement.

Additionally, the stock has shown rising investor participation, with a delivery volume of 6.92 lakh shares on October 23, marking a 1.26% increase against the 5-day average delivery volume. With a market capitalization of Rs 3,45,894.61 crore, Bajaj Finserv remains a liquid asset, suitable for trades up to Rs 5.05 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Bajaj Finserv.