Bank of India Sees Surge in Open Interest Amid Increased Trading Activity

May 12 2025 01:00 PM IST
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Bank of India has seen a significant rise in open interest, reaching 21,405 contracts, indicating increased trading activity. The day's trading volume was 19,152 contracts, with a futures value of approximately Rs 40,922.97 lakhs. Despite this, the stock has underperformed compared to its sector and the Sensex.
Bank of India has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 21,405 contracts, up from the previous figure of 18,796, marking a significant change of 2,609 contracts or 13.88%. The trading volume for the day reached 19,152 contracts, contributing to a futures value of approximately Rs 40,922.97 lakhs.

In terms of price performance, Bank of India has underperformed its sector, showing a decline of 0.52% compared to a sector return of 3.44% and a Sensex return of 3.25% for the day. The stock is currently positioned higher than its 50-day, 100-day, and 200-day moving averages, although it remains below its 5-day and 20-day moving averages. Additionally, the stock has seen a decrease in delivery volume, with a reported 31.86 lakh shares delivered on May 9, down 4.86% from the 5-day average.

With a market capitalization of Rs 49,920 crore, Bank of India continues to be a significant player in the public banking sector. The increase in open interest today highlights a shift in trading dynamics, underscoring the stock's current market activity.
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