Bank of India Sees Surge in Open Interest Amid Market Activity Shift

Apr 23 2025 02:00 PM IST
share
Share Via
Bank of India has seen a significant rise in open interest, reaching 22,223 contracts, indicating increased activity in its futures market. The trading volume for the day was 11,564 contracts, with a total futures value of approximately Rs 32,811.88 lakhs, despite a recent decline in stock performance.
Bank of India has experienced a notable increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 22,223 contracts, up from the previous 20,008, marking a change of 2,215 contracts or an 11.07% increase. The trading volume for the day reached 11,564 contracts, contributing to a total futures value of approximately Rs 32,811.88 lakhs.

In terms of price performance, Bank of India has underperformed its sector by 0.34%, with the stock experiencing a decline of 2.2% over the last two days. The stock touched an intraday low of Rs 114.82, reflecting a decrease of 3.37% at its lowest point. Despite this, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term upward trend.

Investor participation has seen a decline, with delivery volume dropping by 24.97% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades sized at Rs 2.4 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest amid recent price movements highlights a significant shift in market dynamics for Bank of India.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News